As the Cost of Living Continues to Rise, Household Debt Jumps to $2.34 Trillion in Canada
According to TransUnion’s Q2 2023 Credit Industry Insights Report, the average credit card balance now stands at $4,000, reflecting a
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Household Debt
Inflation Impact: Canadians are Slashing Essential Living Costs to Counteract Rising Prices
As inflation surges, an increasing number of Canadians are countering the heightened cost of living by downsizing their household expenses
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CMHC Report: High Levels of Household Debt Could Lead to a Financial Crisis
The risks to Canada’s economy remain high as household debt levels continue to grow. In the latest analysis from the
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High Interest Rates and Household Debt: A Ticking Time Bomb for the Canadian Real Estate Market?
The Bank of Canada is sounding the alarm on the impact of rising interest rates on Canadian households, and the
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U.S. Personal Savings Rate Sinks To 17-Year Low; So Far, Equity Markets Yawn
Equity markets continue to rally on the hopes of some combination of peak inflation, a coming slowing in the rate
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American Consumers Descend Further into Debt
Consumers across America embarked on unprecedented shopping sprees last year, causing total household debt to jump by $1 trillion— the
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Household Net Worth Sent Soaring Amid Real Estate Boom
The Covid-19 pandemic has sent some households’ net worth soaring by more than $2 trillion since the beginning of 2020,
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Government Transfer Payments Sent US Personal Incomes Soaring to New Record
US Household incomes soared by the most on records dating back to 1946, as an unprecedented amount of government stimulus
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Canadian Households and Businesses Hoarding a Record-Breaking $170 Billion in Excess Cash
The coronavirus pandemic has created significant financial uncertainty for many Canadians, pushing them to forego current spending and instead save
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American Household Debt Falls for the First Time in 6 Years, Credit Card Balances Drop by Record $76 Billion in Q2
While the coronavirus pandemic forced businesses across the US to shut their doors and millions of Americans to stay at
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