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Author Question: Which of the following is correct regarding Canadian household debt? (Read 5 times)

najmarocks25

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on: Aug 7, 2023
Which of the following is correct regarding Canadian household debt?

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Average overall Canadian household debt has varied between 34% and 50% of assets over the past 30 years.


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A Canadian household’s debt-to-assets level has no relationship with the likelihood of financial distress.


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Statistics Canada inferred that the household debt-to-assets ratio may be a better predictor of financial distress than the more commonly used debt-to-income measure.


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Average overall Canadian household debt has kept increasing since 2017.

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Marked as best answer by najmarocks25 on Aug 7, 2023

RodrickHac

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Reply #1 on: Aug 7, 2023
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najmarocks25

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Reply 2 on: Aug 7, 2023
Thanks for the timely response, appreciate it

robbielu01

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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