Canada's skyrocketing household debt

CBC News | Posted: September 13, 2015 6:03 PM | Last Updated: September 13, 2015

Today, the debt-to-income ratio is 165 per cent. But that's not the whole story.

Media | Canada's sky-rocketing household debt

Caption: CBC's James Fitz-Morris examines debt-to-income levels for the average Canadian family

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Household debts in Canada have sky-rocketed.

In 1990, families had debts equal to 89 per cent of their annual disposable income. Today, it's 165 per cent.

While troubling, that's not the whole story. Watch the CBC's James Fitz-Morris explain why.

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