Canadians are Comfortable with Debt
Posted Sep 24, 2012 11:19:19 AM.
This article is more than 5 years old.
How many loans do you have?
A new poll suggests most Canadians are quite comfortable with using debt as a financial strategy.
A survey, done for bankruptcy trustees Hoyes, Michalos & Associates, finds nine out of ten respondents would consider borrowing money to cover an unexpected cost.
Speaking on 570’s Gary Doyle show, Doug Hoyes says people need to really concentrate on living within their means.
He says so many just aren’t accepting that at some point interest rates will rise, leaving many with debt they can’t handle.