The agency says, on a seasonally adjusted basis, household credit market debt as a proportion of household disposable income fell to 182.5 per cent compared with the record 185.0 per cent in the previous quarter.
In other words, it says there was $1.83 in credit market debt for every dollar of household disposable income in the first quarter. The decrease came as household credit market debt grew 2.0 per cent, but household disposable income gained 3.3 per cent.The household debt service ratio, measured as total obligated payments of principal and interest on credit market debt as a proportion of household disposable income, was 13.48 per cent in the first quarter, down from 13.72 per cent in the fourth quarter of 2021.
Do not believe a word outta Ottawa fake news
Bullshit💩🚽
To the “fake news” people commenting. It’s totally believable. It reflects a pull back in discretionary spending because we see what’s coming. Just wait…it won’t last.
Let's see what the government can do there.
The bankofcanada has printed the value of our dollar to shit. We need sound money that can't be debased or inflated away by career financial criminals. Bitcoin fixes this
Rich comtinue to send billions offshore while wages of educated workforce remain stagnant
What debt The only debt I have, is being Canadian and linked to the National Debt. DebtFree
The people who dont work for the government disagree .
must be drunk or high!!!!🤔🤔🤔
Not sure who you're talking to!
Who's income is rising faster than debt? Lol
thankyouTrudeau
Many now work two jobs to pay the bills. 😉
Loans Loans Latest News, Loans Loans Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: globeandmail - 🏆 5. / 92 Read more »