Why young people keep getting caught in debt traps and how to break the cycle
Ever-increasing credit card limits, lifestyle creep and a rising cost of living are contributing to a rise in debt loads among young Canadians.
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Ever-increasing credit card limits, lifestyle creep and a rising cost of living are contributing to a rise in debt loads among young Canadians.
Breaking News, Sports, Manitoba, Canada
Between inflation, housing costs and interest rates, debt is ballooning for many younger Canadians. Scott Terrio sees it all the time.
Canadians are feeling the squeeze between incomes that haven't kept up with the cost of living, housing crises in markets across the country and rising interest rates brought in to control inflation. Experts share some tips for managing debt and spending.
Canada's cost-of-living pressures are impacting some people's ability to pay down debt and keep their credit scores in good standing.