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username · 05-12-2010, 08:33 AM

I read this totally different as in:

Debt - Assets = 40K

That would make sense to me, that the "average Canadian" is 40K in debt if you include mortgages. Most people I know probably owe about 100K more on their mortgage than they have equity, then you add back investments, vehicals, etc it's probably about 40K for the average person.

I refuse to believe that the average Canadian is 40K in debt without taking a mortgage into consideration. It's almost not even possible in my eyes.

05-12-2010, 08:33 AM	#903
username Powerplay Quarterback Join Date: Feb 2010 Exp:	I read this totally different as in: Debt - Assets = 40K That would make sense to me, that the "average Canadian" is 40K in debt if you include mortgages. Most people I know probably owe about 100K more on their mortgage than they have equity, then you add back investments, vehicals, etc it's probably about 40K for the average person. I refuse to believe that the average Canadian is 40K in debt without taking a mortgage into consideration. It's almost not even possible in my eyes.