Posted by: Frugalis.ca
 |
The 12threport on Canadian family finances by the Vanier Institute of the Family examines incomes, spending, savings, debt and net worth across family and household types. It also takes a closer look at households in the middle of the income spectrum: who they are and how they have been faring over the past two decades.Canadian families are finally in six figure territory. Unfortunately it is on the wrong side of the ledger. Average family debt has now hit $100,000. Not only that, the debt-to- income ratio, which measures household debt against income, stands at a record 150%, meaning that for every thousand dollars in aftertax income, Canadian families owe one thousand five hundred dollars….Find out more by downloading your copy today |
Tagged with: [ debt, family, vanier institute ]
July 15, 2011 | f.Blog
