Equifax Canada's consumer survey released Tuesday found the average credit card balance held by Canadians was at a record high of $2,121 by the end of September.
Canadians are feeling less secure in their financial outlook than last year, and more than half are worried about paying regular bills like rent, utilities or insurance — especially adults aged 65 and older. Equifax Canada’s Julie Kuzmic says the previous average credit card balance high was during the fourth quarter of 2019, at $2,118.
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Credit card debt at record high amid stubbornly hot inflation, survey says - BNN BloombergA new survey says Canadians are leaning more heavily on credit cards amid persistent inflation and rising interest rates. I'm 3 months away from being completely debt free.. so nope !!!
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Credit card debt at record high amid stubbornly hot inflationAverage credit card balance held by Canadians was at a record high of $2,121 by the end of September
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