Debt: The Good, the Bad and the Ugly

Debt and how to Get out of Debt

There have been many news articles in recent months highlighting the concerns of federal government finance officials regarding Canadian household debt and the increase in the debt to income ratio to record breaking levels. This ratio currently stands at 165 % which means that the average Canadian household now owes $165.00 for every $100.00 of disposable income. This article will address the following questions which must be asked:

How Has This Situation Developed?

Household debt has increased substantially and rapidly in Canada and many other countries...

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