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Tag Archives: Income

Debt repayments make up more than 30% of lower-income households’ spending

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As much as half of Canada’s lower-earning households are spending around 31% of their incomes on debt repayments, according to a new survey by charity group Prosper Canada. In its recently released report, Prosper Canada also said that the debt-repayment ratio among moderate-income households is at an average of 18%, although it warned that “as this average is [&hellip…

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