Quote:
Originally Posted by White Out 403
If this keeps up for a couple more decades, it will be a real mess. I imagine the USA is even worse.
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Actually, household debt in Canada is considerably higher than in the U.S., and higher than any other country in the OECD. We used to be more frugal than Americans. Something happened culturally in the last 20 years and we became far more free-spending.
Quote:
Originally Posted by peter12
The cost of housing is the number one culprit. All the Rich Dad blathering on in this thread is tiring as hell.
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That's not what the data shows. Take housing debt out the equation and just look at consumer debt, and Canadians are still world champion debtors.