Wednesday, August 11, 2021

Canadian Workers are heavily in Debt

As the economy slips onto a higher gear, many Canadian workers are heavily in debt, which has been exacerbated by the pandemic.

 The consumer debt index poll of around 2,000 people, conducted by the accountancy, tax and business consulting company, MNP, revealed insolvency is at its greatest level since 2017.

 Around a third of Canadians polled said the pandemic made their debt worse or created more debt for them or their family. 

So once again capitalism creates a problem and the working class, who are the biggest debtors, pay for it - no pun intended.

S.P.C. Members.

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