Canadians and those living in Canada have reached reached record level of nearly $16 trillion (with a T). Which equates to $429,000 for every of 35 million Canadians, man, woman and child. It does not stop there. With nearly a trillion in recent record (Liberal) federal debt that is another $29,000 over every Canadian head. Add provincial debt (yes the provinces have borrowers and spent like drunken sailors too, not just the federal Liberals) and using Ontario as a proxy, $400 billion for 13 million Ontarians equates to another C$12,000.
Is that all? Nooooo. Canadians and those living in Canada have racked up 2.2 trillion (with a T) in credit cards and consumer debt equating to $63,000 per Canadian man, woman and child.
Total of these equals $530,000 on every Canadian's head - adult or not, working or not, homeless or not.
https://financialpost.com/executive/executive-summary/posthaste-canadians-are-richer-than-ever-before-and-theyve-never-had-so-much-debt
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