Sentences with phrase «household debt reached»

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

Canadian household debt reached $ 1.41 trillion last December, 2.5 times what it was in 1989, and we're saving less than ever.

Total household debt reached a record $ 13.15 trillion at the end of 2017, up about $ 2 trillion since the most recent trough in 2013.

In June, cumulative U.S. household debt reached $ 12.84 trillion, a $ 114 billion increase from the first quarter.

Total household debt reached $ 12.58 trillion last year.

Not exact matches

«Canadian policy - makers have allowed household debt to rise above the disturbingly high levels reached in the U.S. in 2007, raising the risk of a similar potentially disastrous deleveraging down the road,» Madani wrote.

Bank of Canada governor Mark Carney has warned that the biggest risk to the financial system is now household debt, even if it's still «relatively low» and unlikely to reach levels that could cripple banks» balance sheets.

In Canada, household debt has reached an average that's approaching 150 % of disposable income, a record high.

This marked the largest quarterly increase in total household debt since the fourth quarter of 2013, and debt today is now just 0.8 % below its peak of $ 12.68 trillion reached in the third quarter of 2008.

Overall household debt remains 8.2 percent below the peak of $ 12.68 trillion reached in Q3 2008.

Further reinforcing my thesis that the average household has largely reached a point of «saturation» on the amount of debt that it can support, the Federal Reserve reported that credit card delinquencies on credit cards issued by small banks have risen sharply over the last year.

By 30 September 2012, Canadian household debt to personal disposable income reached a record 165 %, up from 137 % as of 30 June 2007, as debt grew faster than personal incomes.

Statistics show that household debt is skyrocketing, reaching new and new heights year after year.

The debt - servicing ratio reached 7.6 per cent of household disposable income in the March quarter (Graph 22).

Consequently, the household debt - servicing ratio reached 9.4 per cent of disposable income (Graph 26).

Revised data now suggest that the debt - servicing ratio reached 8.7 per cent of household disposable income in the September quarter, and it is likely to have surpassed its late - 1980s peak in the December quarter (Graph 27; see «Box B» for further discussion of the debt - servicing ratio).

The average amount of consumer household debt has reached more than $ 16,000.

Just as they are reaching the point in their lives where they should be finally paying off their own debt, they are becoming saddled with an additional average of $ 22,000 per household.

The household debt - to - income ratio reached 167.3 % by the end of 2016, surpassing the previous quarter's record - breaking (adjusted) 166.8 %.

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.

In the third quarter of 2017, the national household debt - to - disposable income ratio reached a record 171 per cent.

At the same time, our collective debt load continues to rise as America's household borrowing recently reached $ 12.1 trillion.

Ironically, the lack of refinance options, combined with rising residential real estate prices, may actually put homeownership even further out of reach for younger households with student debt.

According to the Deputy Chief Economist of Bank of Montreal, Mr. Doug Porter, «The Bank of Canada will be raising rates before the economy reaches full potential, sometime in the first half of 2013 because it is clearly uncomfortable with the idea of keeping interest rates below inflation when household debt continues to grind higher.»

Fitch said it was worried because household debt to income has only come down slightly from the 164.1 per cent high reached in third - quarter 2013, and unemployment will likely remain in its current seven per cent range for some time.

Canadian household debt has reached record heights and there is a growing need to be more financially self - reliant in retirement as less than a third of workers today are covered by an employer pension plan.

These rules were put in place to help reduce Canadian Household debt which reached 152 % of household income in the fourth quarter of last year.

Add the widening inequality gap, two income households, the sandwich generation (parents and kids living at home), debt levels reaching maximum levels... and you can plainly see that people are sinking in financial quicksand.

If yours is too high, it suggests that you're reaching beyond your ability to repay the loan: You've got too heavy a monthly debt load and not enough household income.