Canadian wages are growing faster than usual, but they’re failing to keep up with household spending. Statistics Canada (StatCan) data reveals household credit is once again outpacing wage growth, suggesting households are borrowing what their wages won’t provide. The growing gap raises questions about the sustainability of repaying a household debt load that now rivals […] The post Canadian Household Debt Outpacing Wages (Again), Structural Trap Deepens appeared first on Better Dwelling.Read More
Canadian Household Debt Outpacing Wages (Again), Structural Trap Deepens