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Insolvency firm MNP reports 52% of Canadians are $200 or less away from being unable to pay bills due to rising interest rates and living costs. (www.bnnbloomberg.ca)

submitted 1 year ago by [email protected] to c/[email protected]

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The report says 35 per cent of those asked say they already don't make enough to cover their bills and debt payments, up from 30 per cent in April and a record high for the survey. It also says a record 48 per cent of those surveyed are concerned about their current level of debt.

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[–] [email protected] 4 points 1 year ago

Company who makes money off of people's money problems is advertising their services by attempting to induce fear among their client base.

And people will fall for it too.

[–] [email protected] 4 points 1 year ago

Culture that thrives on debt is surprised that people are in debt.

System that lives off perpetual debt is surprised that humans can not sustain perpetual debt.

[–] corminsterfullerene 1 points 1 year ago

I thought MNP was a giant accounting firm