Do debt right

Financial Literacy Week 4: How to get good debt and ditch bad debt

Ruth Saldanha 28 November, 2019 | 1:36AM

 

 

Ruth Saldanha: It's the final week of Financial Literacy Month here in Canada. And the theme for this week is debt. Debt is a huge problem for many Canadians. We owed roughly $1.74 for every dollar of disposable household income. This debt was spread over mortgages, consumer credit and nonmortgage loans. If you're feeling overwhelmed, don't worry, Karen Wallace is here to help. Karen is Morningstar's Director of Investor Education and she's here today to talk about debt and how to deal with it.

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Ruth Saldanha

Ruth Saldanha  Ruth Saldanha is Senior Editor at Morningstar.ca

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