I do find it interesting how things have picked up on this topic. We're now beating the Americans in household debt!
http://www.financialpost.com/news/Ca...362/story.html
http://www.financialpost.com/news/Ca...508/story.html
http://www.financialpost.com/news/Ho...228/story.html
The data has been there for a while but people now seem to be more aware of the trend. Heck, things got a little personal in this forum when some of the numbers/thoughts out loud were posted here.
I'm still not "misrepresenting" myself but I have meet some more people other than board of directors for various oil and gas companies.
Seriously though, it's good to see varied and detailed opinions and good numbers/stats out there.
Unfortunately, I can totally see how easy it can be for people to borrow/spend like crazy - people don't really break it down into realistic real life budget calculations. I've always found it interesting how the banks call it a line of
credit when it's almost a pseudo 2nd mortgage . . . it sure makes it sound better/more palatable.
