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A fifth of Canadians think they’ll never go debt free
Canadian News

A fifth of Canadians think they’ll never go debt free 

Twenty percent of Canadians do not expect to escape debt in their lifetime, according to Global News. Based on a study by The Manulife Bank of Canada, Canadians believe that household debt has increased too much. 

More worryingly, however, 67 percent of those in debt believe that the rest of the country is in serious debt, too. This study has also revealed that Canadians are terrible at spending: 45 percent of Canadians say that their spending is increasing faster than their income, which is an increase from 33 percent who said this in the spring. 

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