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The State of Household Debt In Canada VS Quebec
Household debt is one of the main areas of concern for Quebecers and Canadians. The debt-to-disposable income ratio of households rose to more than 160% in 2014, leading the Bank of Canada to note that high household debt is one of the main vulnerabilities of the Canadian economy. The fact that consumer credit has grown faster than mortgage debt over the last two decades does not help the situation.
Check out our infographic for more information about the state of household debt in Quebec and Canada, including great tips to reduce your expenses: