Rise in household debt overblown: study
Posted May 20, 2015 7:37 am.
This article is more than 5 years old.
All is not lost on the Canadian household debt front.
A new report from the Fraser Institute suggests concerns from groups like the Bank of Canada on high levels of debt are overblown when other factors are considered.
The study shows debt is on the rise, but not as fast as asset and net worth values.
According to the report, the value of assets held by Canadians rose 31 per cent from 2010 to 2014.
In the same time period, debt levels increased 21 per cent.
As of 2012, Canada’s debt to income levels are in better shape than many other countries deemed to have solid economies including Norway, Switzerland, and Austria.
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