Sentences with phrase «high personal debt levels»

Finally, high personal debt levels from larger mortgage payments and student loans are also distracting younger Canadians from focusing on saving for their golden years.

One would hardly realize that the problem facing U.S. industrial employment is that wage earners must earn enough to pay for the most expensive housing in the world (the FDIC is trying to limit mortgages to absorb just 32 per cent of the borrower's budget), the most expensive medical care and Social Security in the world (12.4 per cent FICA withholding), high personal debt levels owed to banks and rapacious credit - card companies (about 15 per cent) and a tax shift off property and the higher wealth brackets onto labor income and consumer goods (another 15 per cent or so).

Not exact matches

Nonetheless, Canadians trying to imagine how a broad economic downturn could play out should pay attention to what's happening on the Prairies, where high house prices, soaring personal debt levels and an unexpected wave of job losses proved to be a toxic mix.

In addition, the higher debt - to - income limit means that people who already have significant levels of personal debt will find it easier to qualify for a conventional loan than an FHA loan.

Someone with poor or average credit may be able to get an unsecured personal loan on the strength of a steady income and low debt levels, but should expect rates toward the higher end of the range — up to 36 %.

The reality is that high levels of debt have become normal in wider society — huge numbers of people have high levels of personal debt and even larger numbers of people, myself included, have a mortgage that well exceeds # 30,000.

The low level of personal savings and high level of debt among Americans has raised concerns among national leaders about the need for more financial education, and the U.S. Congress has designated April Financial Literacy Month.

In the former, the authors use high - level statistics and careful logic to defuse the rhetoric surrounding student debt; in the latter, the author argues that the rhetoric is justified as she documents students» personal struggles to pay for college.

Someone with poor or average credit may be able to get an unsecured personal loan on the strength of a steady income and low debt levels, but should expect rates toward the higher end of the range — up to 36 %.

Levels of personal debt are rising higher than ever before as people struggle to meet increasing food and fuel prices when wages are being frozen.

The intention of the law is to not place undue burden on our country's college graduates, especially in economic times where personal debts are at a very high level; it is sound in principle.

Bank of Canada governor Mark Carney has repeatedly told us that our debt levels are too high and countless articles have been written espousing advice on how to clean up our personal balance sheets.

High levels of credit card debt are an impediment against personal financial stability and a risk to the stability of the overall economy.

At the same time, this savvy and cautious cohort, infamously called the most fiscally conservative generation since the Great Depression who has a high concern level for personal debt, might have begun to worry less.