What a great article that outlines the trends between debt and family type in Canada. Click the link below to read the full article. Here are the highlights:
- Debt-to-Asset Ratio increased to its highest point in 35 years in 2009
- Canadians in lone-parent families are more likely to have high debt-to-asset ratios
- Financial insecurity related to debt decreases with higher income
- Canadian-born had lower odds of high debt load than immigrants
- Debt-to-income ratio climbed more than 55 percentage points between 1990 and 2009
- Older Canadians have less debt
