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Load MoreNot sure why this is so shocking to folks...the data is all around us. h/t @FroehlichThors1
Thorsten Froehlich @FroehlichThors1I mean - guys - this is real
since 1 April 2021, post COVID
(1) Savings rate dropped 90%
(2) Credit card balances up 28%
(3) # of credit cards up 62% (more credit cards / capita)_________________________
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Daily Archives: April 23, 2019
Canada maxed out
A decade of ultra-low interest rates and lax lending enabled Canadians to borrow and spend their way into a state of extreme financial fragility. Today Canadian households are world leaders in terms of average household debt that is 180% of … Continue reading
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