Dollars and SenseNews
Canadians Now Owe $1.71 for Every Dollar They Have to Spend
Source: The Canadian Press, cbc.ca, December 12, 2020
Debt ratio rises to 171%
Canadian households owed an average of $1.71 for every dollar of disposable income in the third quarter, Statistics Canada said on Friday.
In other words, Statistics Canada said, household debt as a percentage of disposable income rose to 170.7 per cent in the third quarter, up from 162.8 per cent in the second quarter.
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