Go to the Globe and Mail homepage

Jump to main navigationJump to main content

AdChoices

Canadians make a surprising return to frugality Add to ...

Subscribers Only

When it comes to Canadians’ household debt loads, the problem is not so much about swelling debts any more. It’s about slowing incomes.

In a new report from Merrill Lynch, economist Emanuella Enenajor says Canadian consumers have been undergoing a “stealth deleveraging” – a significant reduction in debt accumulation that has largely flown under the radar because of the focus on the market’s favoured measure of household debt loads, the debt-to-disposable-income ratio. This sat at a record 164 per cent at the end of 2013 – widely seen as evidence that Canadians simply can’t break their reckless and unsustainable debt habit.

Report Typo/Error

Follow on Twitter: @ParkinsonGlobe

Next story

loading

Trending

loading

Most popular videos »

More from The Globe and Mail

Most popular