Household
debt as a percentage of disposable income was was 163.3 % in the first quarter, Statistics Canada reported last week — only marginally lower than the record 163.9 % ratio the agency calculated for the fourth quarter.
The ratio of those who only service only the interest on their debt fell to a record low of 6.1 %, and the household debt service ratio, a measure of obligated
payment as a percentage of disposable income, fell to 14 % from 14.1 %
Throughout the 1970s and early 1980s, personal saving (income less taxes and spending)
as a percentage of disposable income was consistently above 10 percent.