How long can this go on?
http://www.theglobeandmail.com/report-on-business/economy/a-taste-for-risk-looking-into-canadas-household-debt/article24359445/
As long as you allow it to.
Wow around 22% higher than Americans. Surprises me.
As the old joke goes, "We have to find that household and tell them to stop NOW"
Quote from: "Gay Boy Bob"
http://www.theglobeandmail.com/report-on-business/economy/a-taste-for-risk-looking-into-canadas-household-debt/article24359445/
Until the housing bubble crashes and interest rates go up.
You guys are pussies...
Quote
Australia leads the way globally when it comes to household debt, as a result of large mortgages, credit cards and personal loans, according to research by Barclays.
Also read: Households could handle another GFC: RBA
Also read: Keep your grocery bill under $400/month
Barclays chief economist Kieran Davies says Australian household debt averages 130 per cent of GDP, compared to 78 per cent across the advanced world, Fairfax has reported.
"With high levels of leverage by world standards, where debt is concentrated in the household sector, we see this as a vulnerability in the event of another global shock," Davies said.
Quote from: "RW"
Quote from: "Gay Boy Bob"
http://www.theglobeandmail.com/report-on-business/economy/a-taste-for-risk-looking-into-canadas-household-debt/article24359445/
Until the housing bubble crashes and interest rates go up.
BINGO!!! .. double points awarded
That day will be as potent to your average Joe & Jane as was the fall of 08 slide to large investors, pensioners etc .. tragedy for many families