Business NewsMarketWire • Household Debt Slowing, But Still Growing: BMO

Household Debt Slowing, But Still Growing: BMO

Household Debt Slowing, But Still Growing: BMO

- Household credit market debt climbed to an all-time high of $1.524 trillion in Q1- While debt accumulation is slowing, current trends are unsustainable in the long run- BMO survey shows one in three Canadians are living at or beyond their means, with 27 per cent living paycheque to paycheque a 10 point increase over last year

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