Politics·Video

Canada's skyrocketing household debt

Household debts in Canada have sky-rocketed, but there's more to that story. The CBC's James Fitz-Morris examines debt-to-income levels for the average Canadian family.

Today, the debt-to-income ratio is 165 per cent. But that's not the whole story.

CBC's James Fitz-Morris examines debt-to-income levels for the average Canadian family 1:54

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. 

While troubling, that's not the whole story. Watch the CBC's James Fitz-Morris explain why. 

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