Unsurprisingly, many are younger, earning less, and paying down mortgages.
It's not good for your relationship or your mental health.
They also guessed that the debt would take about two-and-a-half years to pay off.
For some, freedom from debt is a very far-fetched concept. Fourteen per cent of Canadians said they don't think they will
One may truly feel for our Minister of Finance, as no one likes to talk and be ignored. Yet, this seems to be an experience Mr. Flaherty knows all too well, as the past year he has repeatedly warned Canadians about their increasing personal debt loads, only to have those warnings tuned out.
We have all been there. Two weeks before the winter holidays, three gifts left to buy and zero dollars left in the holiday budget. For many, this is the point where we either stop shopping or cross that thin financial line and set ourselves up for a nasty holiday debt hangover. So, what do you do when the holiday well has run dry and you still have a few gifts left on your shopping list?