Personal Debt Hits Record High!

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The amount of money that people spend on their groceries, the energy bills, their houses are continuously increasing. Little by little and sometimes in big strides. They generally increase faster than wages and so on a long timeline, we see the purchasing power of our currencies declining. It hasn’t been a mystery as to why this is happening, since we already know the central banks have made this their entire agenda. The only question is: what will people do?

20181213-debt-to-income-ratios-canadian-cma.png (650×362)

20181213-mortgage-debt-service-ratios-of-households.png (650×372)

20181213-debt-to-income-by-debt-product.png (650×390)


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