An article, “50% Of Canadians Say They Are Within $200/Month Of Being Unable To Pay Their Bills,” by Tyler Durden tells us, “household debt relative to disposable income is sitting at 171% in Canada meaning that for every $100 in disposable income, households have debt obligations of $171.
But don’t take our word for it, just ask Canadians, half of whom said in response to a new Ipsos Reid survey that they are within $200 per month of not being able to pay their bills and make their debt payments.
Ipsos Reid conducted the poll about a week after the Parliamentary Budget Office issued a report on Jan. 19 that said Canada has seen the largest increase in household debt relative to income of any G7 country since 2000,” The Calgary Herald writes, adding that ‘31 per cent of respondents said any increase in interest rates could move them towards bankruptcy‘.
The survey also found that 25% of Canadians are already unable to cover their bills and service their debt.”
This article, “Canadians without an employee pension plan face challenging retirement: Report,” is equally stunning. We learn that “Retirement assets for people between 55 and 64 without an employee pension plan is $250.” That’s why we seee more and more people shopping for food in Dollar Stores and more and more seniors getting arrested for shoplifting. Packing bags in grocery stores doesn’t pay enough to fill the gap.
You can only cut your costs so much. And if you’re getting older, you will find it harder and harder to find a job that pays enough for you to survive. We can’t rely on the government – their money goes to drug addicts, “refugees,” and the like. What can you do?
You can create a reliable, safe, RESIDUAL income of between CAD$42,000 per year and CD$342,000 per year, and get paid every 20 minutes using this proven system that I use. And you don’t have to recruit anyone or sell anything to create the CAD$42,000 per year income level! All it takes is clicking your mouse for 10 minutes a day.
Robin Elliott Leverageadvantage.com