Young people often make less money, need to save for a down payment on a house, and spend a high percentage of disposable income raising their children. (awealthofcommonsense.com)
The governor noted in his latest speech that the debt - service ratio, or the amount we owe as percentage of our disposable income, has held steady at around 5 per cent since the early 1990s. (business.financialpost.com)
In 2016, 25 % of the borrowers in repayment on federal Direct Loans are in programs limiting their payments to an affordable percentage of their disposable incomes, up from just 11 % in 2013. (studentloanborrowerassistance.org)