There was a recent study conducted in Canada that places household debt at $96,000. That is up 145% from just a few years ago.
And to top it all off there has been a 40% increase in those that are late on their credit card payments.
We have become a nation and world where we thrive on having the latest and having it now. Gone are the days of saving for a vacation or such - We Want It Now! So now we have to pay for it.
But don't fret there are lots of options out there for us all. Non-profit organizations such as Credit Counseling Canada or private firms that will help build you a household budget and help you manage your debt.
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