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As Canadians continue to feel the financial pinch of inflation and a rising cost-of-living, recent studies say those who are more open and honest about their debt have an easier time getting out of it.
People who are open about their debt level and seek peer-supported counselling are more likely to get their finances in order, according to new research out of Western University in London, Ont.
Get latest articles and stories on Lifestyle at LatestLY. Consumers who are honest about their level of debt and join peer-supported debt counselling groups are more likely to get their finances in order than those who keep it a secret, according to a new study in the Journal of Marketing Research co-authored by Ivey Business School professor Miranda Goode. Lifestyle News | Fear of Judgment is Keeping Consumers Indebted: Study.
According to a new study in the Journal of Marketing Research co-authored by Ivey Business School professor Miranda Goode, consumers who are honest about their level of debt and join peer-supported debt counselling groups are more likely to get their finances in order than those who keep it a secret.