Not exact matches
In other words, Canadians want better highways, better subways, better education and healthcare, but they are not prepared to pay for them through deficits and
higher debt,
even if this borrowing for new infrastructure doesn't increase our future
debt burden.
In other words Canadians want better highway, better subways, better education and healthcare, but they are not prepared to pay for them through deficits and
higher debt,
even if this borrowing for new infrastructure doesn't increase our future
debt burden.
While such a rate of expansion will clearly not be sustainable in the longer run, there is little sign at this stage that the appetite for borrowing has been restrained by the recent increases in interest rates,
even though the
higher debt burden of households might be expected to make them more responsive to interest rate changes.
If we wish to avoid this fate, we need to take immediate action to both reduce the
burden of existing student
debt and prevent future
debt from piling up
even higher.
The
burden is
even more problematic if you consider the country's
high interest rates — the policy rate was just raised to 12.75 %, one of the
highest among major economies — which dramatically increase the costs of servicing
debt.
Even for an applicant with an excellent credit history and a large income is earned, the
burden of
debt can be
high.
There is a
high risk of future
debt problems if you don't see the business generating enough income to maintain your lifestyle,
even without the full
burden of the past
debts.
The
burden of
high student loan
debt causes delayed financial decisions including home buying and
even when to start a family.
We found that medical professionals take on the most
debt —
even when their
high salaries are accounted for — while MBAs enjoy a low
debt burden relative to their income.