High amount of Canadians struggling with debt - CTV News
Consumer Alert host, Pat Foran and Credit Canada CEO, Laurie Campbell discuss alarming survey results showing Canadians are struggling with debt. 31 percent of survey respondents indicated they didn’t earn enough money to make their monthly payments, and many more say they struggle to make ends meet. Laurie Campbell reminds viewers that consumers aren’t just struggling with their debt loads, but also with the rising cost of their basic living expenses, such as rent and utilities. This is especially alarming when 52 percent of survey respondents indicated they are $200 away or less from not being able to make their monthly payments.