Results for - Borrowing Money! More Debt for Students in Canada

3,206 voters participated in this survey

High house prices and the mortgage stress test are making it as difficult as it’s ever been to buy a house, but young Canadians are finding other reasons to borrow money these days ― like covering their day-to-day living costs. The latest “Insights” report from credit rating agency Transunion found the total money owed by Canadians rose 4.3 per cent over the past year, to $1.88 trillion. Much of that increase came from young people. Among millennials, debt jumped by 12.3 per cent in the past year, to a total of $515.9 billion. That makes millennials’ debt larger than the baby boomers’ for the first time

08/22/2019 Money 3206 50 By: Tellwut

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By: Tellwut