Friday 29 December 2017

New Year's lack of resolution



You've got to love this new survey from CIBC on Canadians' financial priorities for 2018.  Fully 25 percent of respondents said that debt reduction was their main goal in 2018, compared to 15 percent opting for "just getting by" and smaller percentages for things like boosting investments or saving for a vacation.

Here's the thing, though.  Debt reduction has been identified as the main priority in the survey for each of the past eight years.  And what has happened to household debt during that period?  This has:
Image result for canada household debt to income chart

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