Household debts in Canada have sky-rocketed.
In 1990, families had debts equal to 89 per cent of their annual disposable income. Today, it's 165 per cent.
- Debt-to-income ratio ticks up to 164.6%, StatsCan reports
- Canadian households are racking up more debt, poll suggests
- Household debt is under control in Canada, Fraser Institute says
While troubling, that's not the whole story. Watch the CBC's James Fitz-Morris explain why.