Sentences with phrase «of household debt add»

Though it boosts the economy in the short term, high levels of household debt add pressure on the economy in the long run, as households are forced to cut spending in order to repay their debt.

Not exact matches

Of course, rock - bottom rates and a strong Canadian dollar, he added, are the opposite of what the Canadian economy needs right now in order to kick its current addiction to household debt and condos and switch to a more sustainable growth model fuelled by exports and business investmenOf course, rock - bottom rates and a strong Canadian dollar, he added, are the opposite of what the Canadian economy needs right now in order to kick its current addiction to household debt and condos and switch to a more sustainable growth model fuelled by exports and business investmenof what the Canadian economy needs right now in order to kick its current addiction to household debt and condos and switch to a more sustainable growth model fuelled by exports and business investment.

A long period of lacklustre wage growth suggests the only way households can satisfy their spending habits is to keep adding to Canada's record pile of private debt.

«At a time when consumers are carrying record amounts of debt, the persistence of HELOC debt may add stress to the financial well - being of Canadian households.

In addition, it can encourage consumers to add to their debt load, which could put stress on Canadian households, at a time when they are carrying record amounts of debt.

«Women feel especially stressed about household debt because it's added to their list of things they have to do,» said Dean.

Why would we expect any different outcome in the United States as the household debt sector (the main sector that rose and drove the U.S. bull market of the 80s and 90s and also continued adding to the debt as the housing market took off from 2003 to 2007) is still in the process of deleveraging since 2007?

And adding $ 800 or so to the average household credit card debt of $ 7087 is bound to put more pressure on you when it comes to repayments.

In 2016, 38 percent of American households carried an average credit card debt of $ 16,061, and holiday debt adds, on average, about $ 1,000 to that debt load.

Canadian households and companies have added debt worth $ 1 trillion since 2011, pushing the total to $ 4.4 trillion, or 218 percent of gross domestic product.

Add your family's cost of living, your personal and household debt and the projected costs of your children's education as a starting point to determine the amount of coverage you need.

Positive thinking is a goal that needs to be added to the other goals that will see you eliminating debt and leading a more positive and productive life where you will have more control over all aspects of your life including the running of your household and your finances.

Those with pristine credit scores, stable employment, little debt and dual household income will enjoy some of the most competitive rates available, which can add up to thousands of dollars saved over the course of a mortgage.

With interest rates on the rise, Moody's notes that mortgage - servicing costs are likely to climb because nearly half of outstanding mortgages are due for interest rate renewals within a year, adding further strain on households» debt - servicing capacity.

«At a time when consumers are carrying record amounts of debt, the persistence of HELOC debt may add stress to the financial well - being of Canadian households.

Bank of Canada Governor Mark Carney has issued his third warning on Canadian household debt levels in less than a week, adding Tuesday that borrowing in this country has entered «uncharted territory».

Taking on new debt, even for furniture or other household related items, will change the state of your credit and add additional debts that leads to the loss of your mortgage approval.

Add your family's cost of living, your personal and household debt and the projected costs of your children's education as a starting point to determine the amount of coverage you need.