Money is the top stressor for Canadians today
Kelley Keehn, author, finance educator and Consumer Advocate for FP Canada, talks about stress, money and tough times due to COVID
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Alberta consumer debt levels soar above national levels
In the fourth quarter of 2019, Calgary had the highest average of consumer credit debt, excluding mortgages, of all major Canadian centres at $29,789
Insolvencies on the rise for Alberta consumers
Total number of insolvencies (bankruptcies and proposals) in Canada rose by 9.3 per cent in 2019 compared with 2018, the highest number since 2009
1 in 3 Canadians say they are ‘insolvent’ by each month’s end
Accounting firm survey finds a growing shift among some Canadians from debt apathy to ‘debt hopelessness’ as it becomes harder to pay their bills
Alberta government debt growth highest in the country
Alberta’s provincial per-person debt grew by 184 per cent, also the largest increase among the provinces by a wide margin
Albertans worry about finances nearly three hours a day
Households with an average income of $50,000 worry twice as much (2.25 hours) a day than households with an average income of more than $100,000
Debt-burdened Canadians want to dig themselves out
Top financial concerns are the rising cost of goods, the low Canadian dollar , low wages and household debt, according to CIBC survey
Canadian household net worth, debt on the rise, StatsCan says
Household debt service ratio rose from 14.82 per cent to 14.9 per cent – an all-time high, statistics from the federal agency indicate
Insolvencies on the rise in Alberta
Insolvencies spiked in October in the province, according to the Office of the Superintendent of Bankruptcy
Two in five Canadians expect lifelong debt
‘There is a financial wellness crisis, and it’s affecting Canadians of all demographics’ — Manulife executive
