Household Debt in Canada

Household debt is at an all-time high. In the current economic climate, household debt has been steadily rising, with no signs of stopping. Statistics Canada has a lot of great detailed information on the current state of household debt in our country, but it can all seem like a lot to take in. The real question on most Canadians minds is “How can I save money while paying off my debt?” The task is not as daunting as you think, as this infographic gives you a nice breakdown of where our money is going as well as some very simple tips on how to build that nest egg while maneuvering your debt.


Household Debt in Canada — 5 Comments

  1. This is a disaster in the making. Canada is built on oil and the world is moving away from fossil fuels. Add in interest rate hikes which are already happening, and we all know how this story goes…

Leave a Reply

Your email address will not be published. Required fields are marked *

I appreciate your readership and really enjoy hearing your thoughts on different topics. Thank you for contributing to the discussion.