Sentences with phrase «high consumer debt»

In fact, student loan debt is the second highest consumer debt category next to mortgage debt.
Just behind mortgage debt, student loan debt is the second highest consumer debt category.
Did you know that student loan debt is the second highest consumer debt?
In the meantime, the banks» traditional businesses are already being challenged on a number of fronts, including by high consumer debt in Canada that has left customers with less room to borrow from traditional lenders.
The oft - cited reasons include high consumer debt levels, the potential for a housing bubble, and worries that Canada's economy is on a divergent path from the US.
The Bank's storyline seems to be that the 50 bps of stimulus (now removed) was cultivating imbalances in the form of overheated housing markets and high consumer debt burdens.
As consumers, we have little control over the macroeconomic effects of high consumer debt.
They point to Presidential impeachment, trashed trade deals, global economic slides, and high consumer debt as sure signs the housing market bubble will burst.
high consumer debt in Canada that has left customers with less room to borrow from traditional lenders.
«There are shorter product life cycles and if consumers are feeling less connected to the products they're already buying, just add easier access to credit and higher consumer debt levels and it's a toxic combination,» says Shah.
That correlates with an increase in student - loan debt, which has become the second - highest consumer debt in the country (behind mortgage debt, currently at $ 13.8 trillion).
Carney has said that high consumer debt is the biggest risk facing Canada today.
We can also help applicants who are self - employed or have high consumer debt.
For many years, majority of Americans have had high consumer debt, low savings rates, and increased borrowing.
Experian ranked the 20 metropolitan areas with the highest consumer debt.
Mecado points to high consumer debt, including mortgages and credit cards, as an often «overlooked» factor that takes a «significant bite out of workers» ability to save.»
But the International Monetary Fund recently predicted slower growth in coming years, due to higher consumer debt levels and a slowing housing market.
We also hold the dubious honour of having the highest consumer debt burden in any G7 country.
Adds McDerfmott: «High consumer debt will result in more personal bankruptcy.»
It's the high consumer debt load that will eventually bring real estate and the Canadian economy in general down on its knees.
The combination of a negative consumer savings rate, high consumer debt, and likely interest rate hikes could lead to a substantial drop in the U.S. stock market, he said, but the Federal Reserve Board would most likely soften the blow.
I also feel it is the availability and ease of obtaining the unsecured high interest credit cards that is contributing to the high consumer debt.
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