Essential Finance

Solution to a Financially Secure Future
  • Canadian household debt represented 177% of disposable income in 2019, up from 168% in 2018
  • While 65% of Canadians are keeping up with bills and payments, growing share are facing financial pressures.
  • 1 in 6 Canadians (17%) say monthly spending exceeds income
  • 1 in 4 say they borrow to buy food or pay for daily expenses
Source: canada.ca