Are you...
Doomed to debt?
Doomed to debt?
I was a kid. I didn’t know what the ad meant. Now I do.
According to a recent survey by Manulife bank, “the number of Canadians that cite ‘debt freedom’ as a top financial priority” now stands at 76%.
That’s up from 69% in two earlier surveys ‘this year.’
Now, why would a growing number of Canadians cite debt freedom as a top priority? Likely because their debt is growing and they see it only getting worse.
At the same time, the Bank of Canada is entirely happy about household spending.
Yes, it’s a costly and confusing world we live in, unless we dedicate ourselves to less spending, debt reduction and more saving.
When it comes to material goods, many of us are like greedy monkeys and doomed to debt.
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Debt sure is growing.
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