PriceWaterhouseCoopers found indebted Britons are now paying 19 per
cent of their disposable income on debt repayments.
It's said that the average driver spends 5.3 per
cent of their disposable income on auto insurance in Ontario.
Not exact matches
As a share
of total household sector
disposable income, the cash flow effect in this scenario is estimated be less than 0.2 per
cent on average per annum over each
of the next three years (Graph 7).
The OECD concluded earlier this month that, nationally, Canada's housing market is over-valued as much as 30 per
cent, based
on the ratio
of house prices to
disposable income, and up to 60 per
cent if the comparison is to the historical value
of rent.
Taking these facts into account, and allowing for the fact that households with debt have,
on average,
incomes about 30 per
cent higher than the average for all households, interest and principal repayments probably account for something like 20 per
cent of disposable income among those households who have debt.
The ratio
of household debt - to -
disposable income reached the highest
on record in the third quarter, at 148.1 per
cent, Statistics Canada said Monday, a 6.7 per
cent rise in Canadian household obligations from a year ago.
Meanwhile, the debt service ratio — the amount
of interest paid
on mortgage and non-mortgage debt as a proportion
of disposable income — declined to 6.8 per
cent, an «all - time low,» according to Statistics Canada.
It shows the breakdown
of impact, from an unemployed 23 - year - old who loses $ 47 a week or 18 per
cent of their
disposable income to the $ 24 per week, or less than 1 per
cent of disposable income, paid through the deficit levy by an individual
on three times the average wage — close to $ 250,000 by 2016 — 17.