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Old 01-19-2009, 03:00 PM
trent trent is offline
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Join Date: Jun 2008
Posts: 387
Default Canadians under heavy debt loads

According to the article below Canadians are heavily indebted, and the situation is deteriorating rapidly. To all people posting on this forum, who still think we don't have the debt levels Americans have and that everything is OK, here are some numbers:

According to a Vanier Institute study the average household debt in Canada surged to over $90,000 in 2008.

According to the same study the total debt to disposable income ratio climbed to 140 per cent.

Here is the original source:

http://www.google.com/hostednews/can...FXmFcKFMPLTTtA
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