Sentences with phrase «household debt numbers»

We all know that the rock - bottom interest rates directly impact Canada's rising household debt numbers.

These rock - bottom rates has implications for Canada's rising household debt numbers.

The household debt numbers are rising across the United States and Canada, and Canadians are leading in indebtedness with a debt - to - income ratio at a record 1.71 % — so for every dollar of household income there is $ 1.71 in credit debt.

The growth of household debt Number of mortgages delinquent 60 or 90 days Number of car loans that are delinquent Growth of student loans Delinquent student loans

Not exact matches

On the household - debt - to - disposable - income ratio, some experts see it as just one number out of many and insist that consideration must be given to the composition of the debt, such as how much of it is high risk.

Even if it is uncertain where the danger zones begin for the household - debt ratio, the briefing note to Morneau said there are «clear negative consequences» for the economy if the number gets too high or too low.

Any number of shocks could send Canada's house of cards tumbling, the bank says, particularly higher borrowing costs that pinches households already carrying record high levels of debt.

The Fed's most - recent Survey of Consumer Finances, released in October, showed an increase in the number of U.S. households with credit card debt: 43.9 % in December 2016 compared with 38.1 % in December 2013.

To obtain this figure, we looked at data reported by the Federal Reserve for Outstanding Revolving Debt - we then divided that number by the number of card - carrying households each year.

In recent years, while the number of people holding credit - card debt has been decreasing, the average debt for those households carrying a balance has been on the rise.

Much as I think the expansion has a good deal further to run, I suspect that a significant number of households have chosen a debt level which makes sense in good times, but does not take into account the fact that bad times inevitably will occur at some time or other.

But only a miniscule number of Canadians carry credit card debt — as of August 2015, it made up just five per cent of our overall household debt, according to the Canadian Bankers Association.

If those numbers sound high, or even if they don't, understand that in the U.S. the average household credit card debt was $ 16,748 in 2016.

To obtain this figure, we looked at data reported by the Federal Reserve for Outstanding Revolving Debt - we then divided that number by the number of card - carrying households each year.

This number is based on the mean U.S. card debt for indebted households which currently stands at approximately $ 15,000, an average APR of about 17 %.

In the United States, the average household debt ballooned by nearly 8 % in 2017, and the numbers continue to rise among all age groups.

The average credit card debt by household of $ 15,799 clearly is skewed by a relatively few in number, very large balances, since only 15 % of cardholders have a balance over $ 10,000.

More American households are rolling that debt from one month to the next than before the recession, and the number of open credit lines is set to soon surpass the previous high in 2008.

In the fall, Canadian household debt reached 165 per cent of disposable income, and all signs point to that number rising in 2016.

According to the most recent numbers, household debt to disposable annual income is above 150 percent... and rising.

The latest round of numbers has shown that household debt is now at a record 152 percent of disposable income.

The average American household has $ 5,700 in credit card debt, but when you exclude households that have no credit card debt, that number rises to over $ 16,000.

According to a recent Globe and Mail article which references Statistics Canada numbers, «the total amount of debt held in households led by people aged 55 to 64 almost quadrupled between 1999 and 2012, while the level for the overall population did little more than double (these are inflation - adjusted numbers).

According to recent Statistics Canada numbers, mortgage debt now accounts for 65.5 % of all household debt.

As the economy gradually gains steam, consumers are taking out larger numbers of loans and slowly increasing household debt, research shows.

This number is based on the mean U.S. card debt for indebted households which currently stands at approximately $ 15,000, an average APR of about 17 %.

For example, almost 47 million Americans live under the federal poverty line, and the same number have average household credit card debt of $ 16,000.

The average American household has $ 5,700 in credit card debt, but when you exclude households that have no credit card debt, that number rises to over $ 16,000.

The survey additionally found that a growing number of millennials and younger boomer buyers have children living at home; student debt is common among Gen X and boomer households; more millennials are buying outside the city; and younger generations are more likely to use a real estate agent.

While rising rents and lack of inventory might nudge renters into buying a home, National Association of Realtors ® Chief Economist Lawrence Yun points out that tight credit standards, student debt, and the growth of multigenerational households are contributing to the lowest number of first - time home buyers in decades (as shown in the 2014 NAR Profile of Home Buyers and Sellers).