Consumer debt levels continue to swell, hit all-time high

New numbers from Statistic Canada show consumer debt levels hit an all-time high in the third quarter.

The debt-to-disposable-income ratio came in at 164.6 per cent for the three months ended Sept. 30, up from 163.3 per cent in the second quarter.

While the ratio continues to grow, it was a smaller increase than seen in the previous quarter.

via Consumer debt levels continue to swell, hit all-time high – Need to know – Macleans.ca.

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