Household debt ratio up in second quarter: Statistics Canada

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Household debt ratio up in second quarter: Statistics Canada — via financialpost PersonalFinance News Economy Debt

The agency says household credit market debt as a proportion of household disposable income rose to 181.7 per cent on a seasonally adjusted basis in the second quarter, up from 179.7 per cent in the first quarter.Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.

The increase came as households’ disposable income increased 1.0 per cent, but household credit market debt rose 2.1 per cent.

 

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