Household debt is growing says StatsCan

Household debt is growing says StatsCan

Household debt is growing says StatsCan A report from Statistics Canada shows that more Canadians are in debt and the amount they owe is higher. Comparing figures from 1999 with those from 2012 the agency found that the median family’s debt grew from 78 per cent of income to 110 per cent. In 1999 the proportion of families that owed more than twice their annual after-tax income was 23 per cent but by 2012 it was up to 35 per cent.