http://www.vancouversun.com/Househol...629/story.html
"And the financial situation of certain groups of households is much worse than average and continues to deteriorate. This is concealed if you focus only on the national or aggregate picture."
- Savings rates inched down in 2010 and continue to cause concern. Twenty-seven per cent of non-retired Canadians commit no resources whatsoever to savings, even for retirement
The report shows that more than half of indebted Canadians are borrowing money just to meet their day-to-day living expenses.
As a result, single-parent families, retirees and those with annual income of less than $50,000 "face a bleak financial situation," the report warned.
It also said that if household debt was spread evenly across all Canadians, a family with two children would owe an estimated $176,461.
Here is the link to the actual report:
http://www.cga-canada.org/en-ca/Rese...default.aspx#1
http://www.cga-canada.org/en-ca/Rese...onsumption.pdf