Tag: debt

• Canadians Now Owe $1.85 for Every $1 They Earn

  

  Feeling like your paycheck disappears the second it hits your account? You’re not alone. According to new data from Statistics Canada, Canadians now owe $1.85 in debt for every $1 of disposable income. That number reflects how fast household debt is rising across the country compared to how slowly incomes are growing. Debt Growth Is…

  Kaleylangille

  June 13, 2025

  alberta, british columbia, East Coast, ontario, Uncategorized

  budgeting, canadian debt, canadian economy 2024, cost of living Canada, credit card debt canada, debt, debt advice canada, debt to income ratio canada, finance, household debt 2024, how to manage debt, inflation canada 2024ebt advice canada, investing, mortgage crisis canada, overdraft canada, personal finance tips, personal-finance, rising interest rates canada, savings crisis canada, statistics canada debt

• Canadians owe nearly $1.85 for every $1 of disposable income, according to a study by RBC.

  

  In recent times, Canadian households have seen a notable increase in their debt-to-income ratios. As of the first quarter of 2023, this ratio reached an alarming 184.5%, indicating that Canadians owe nearly $1.85 for every dollar of disposable income. A study by RBC highlighted that individuals between the ages of 35 and 44 have an…

  Kaleylangille

  May 10, 2024

  Uncategorized

  canada, debt, finance, mortgages, personal-finance, real estate