Statistics Canada revealed that for the second quarter of 2015, household debt hit a record high. The ratio of debt to disposable income reached 164.4 per cent as debt loads grew faster than incomes. This means that for every dollar Canadians earned, they owed nearly $1.65 in credit debt. This included mortgages and other kinds of consumer loans. So things are not getting better, nor does there seem to be any relief in sight. It's a case of abolish capitalism and the money system, or suffer under it.
The Glasgow & Edinburgh Branches Blog. Towards a better understanding of the world, in order to change it.
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