Canada’s “Other” Problem: Record High Household Debt

Great piece about household debt and the rate decision from zerohedge.

It is also interesting to see in the graph below, the next market with a similar ratio, UK.

“According to a new report from the Parliamentary Budget Officer (PBO) the household debt-to-income ratio is now a whopping 171% which means, for anyone who is confused, “that for every $100 in disposable income, households had debt obligations of $171.”

That’s the highest level in a quarter century and it means that when it comes to household leverage, no other advanced economy does it like Canada:

Source: Canada’s “Other” Problem: Record High Household Debt

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