Posthaste: Cash-strapped Canadians have run their credit card debt up to a record high, survey shows
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Equifax Canada’s consumer survey out today found that the average credit card balance has now reached a record high of $2,121. Gains in household wealth over the past year have been erased, the agency said, with average net worth sinking by $65,400 or 6.5 per cent, in the second quarter from the quarter before.
The Equifax survey shows that Canadians’ anxiety over their finances is growing. Fifty-three per cent said they had a lot of anxiety over their level of debt and only half said they felt comfortable with their personal economic outlook, down from 61 per cent last year.Article content
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