{"id":2830,"date":"2014-12-11T14:30:32","date_gmt":"2014-12-11T19:30:32","guid":{"rendered":"http:\/\/olduvai.ca\/?p=2830"},"modified":"2014-12-11T14:30:32","modified_gmt":"2014-12-11T19:30:32","slug":"canadians-have-some-fat-debt-but-dont-seem-that-worried-about-it","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=2830","title":{"rendered":"Canadians Have Some Fat Debt, But Don’t Seem That Worried About It"},"content":{"rendered":"

Canadians Have Some Fat Debt, But Don’t Seem That Worried About It<\/a>.<\/p>\n

The percentage of households in Canada mired in extreme debt has almost doubled since 2000, and Canadians are pretty chill about it.<\/p>\n

On Wednesday, the Bank of Canada said that 12 per cent of Canadian households \u2014 or as The Globe and Mail points out,\u00a0one in eight<\/a>\u00a0\u2014 have a debt-to-income ratio that’s more than 250 per cent. That’s like making $40,000 a year and carrying $100,000 in debt \u2014 credit, mortgages, or loans, what have you.<\/p>\n

Yikes.<\/p>\n

And yet, a CIBC poll released Thursday found that\u00a0only 16 per cent of Canadians<\/a>\u00a0are worried that they have too much debt.<\/p>\n

That relaxed attitude is also coupled with optimism, as the poll \u2014 of 1,509 randomly selected Canadian adults \u2014 found that 71 per cent of those surveyed plan to axe their debt in 5 years or less. Thirty-six per cent think they can be debt-free in less than two years.<\/p>\n

<\/p>\n

…click on the above link to read the rest of the article…<\/span><\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Canadians Have Some Fat Debt, But Don’t Seem That Worried About It. The percentage of households in Canada mired in extreme debt has almost doubled since 2000, and Canadians are pretty chill about it. On Wednesday, the Bank of Canada said that 12 per cent of Canadian households \u2014 or as The Globe and Mail […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[942,103,195],"class_list":["post-2830","post","type-post","status-publish","format-standard","hentry","category-economics","tag-bank-of-canada","tag-canada","tag-debt"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/2830","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2830"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/2830\/revisions"}],"predecessor-version":[{"id":2831,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/2830\/revisions\/2831"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2830"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2830"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2830"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}