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Canadians naive about how long they’ll be in debt
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09-24-2012, 12:52 PM
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chemgear
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Join Date: Feb 2010
Exp:
http://www.cbc.ca/news/canada/calgar...is-decima.html
The poll by Harris/Decima asked respondents how confident they were about being able to raise $2,000 within a month if an unexpected need arose.
While 55 per cent said they were extremely or very confident they could raise the cash, 92 per cent said they'd consider borrowing to come up with some of the cash.
One-in-five Canadians surveyed said they believe it would take them two months or longer to come up with $2,000, even if they could borrow.
Among those who said they couldn't raise the money within a month, 26 per cent said they couldn't raise the money no matter how much time they were given.
"That's a lot of people who are already at their maximum borrowing capacity," Hoyes said.
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