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Low-income, young racking up debt at record pace
Wednesday, June 15th, 2011
Jun 14 2011
Low-income and young Canadians are racking up debt more quickly than seniors and those with higher incomes, according to… the annual study by the Certified General Accountants Association of Canada… Nearly half of lower income respondents, those with incomes under $35,000, reported their debt increasing, compared to one-third of higher income respondents, the study found… About one-third of seniors are retiring with an average debt of $60,000.
Tags: poverty, standard of living, youth
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