MNP Consumer Debt Index Dips To Second-Lowest Level in Last 5 Years, Canadians’ Current Debt Perception Reaches All-Time Low
Most notably, Canadians’ current debt perception has reached an all-time low, with the impact of inflation and higher interest rates leaving them feeling the most pessimistic about their current debt situation.
- Most notably, Canadians’ current debt perception has reached an all-time low, with the impact of inflation and higher interest rates leaving them feeling the most pessimistic about their current debt situation.
- More this quarter perceive their current debt situation as much worse (22%, +2pts) and fewer rated it better (22%, -2pts) compared to a year ago.
- Looking back to five years ago, a rising proportion (28%, +3pts) say their debt situation has worsened, and nearly three in ten (27%, -1pt) say it has improved.
- Everyone’s situation is different, which is why it is so important to get customized, unbiased advice from a licensed professional.”