Not only are Canadians bringing debt into marriage, they are reluctant to discuss debt and spending with their partner. In fact: 1 in 3 did not discuss their debts prior to getting married; 20% are ashamed to talk about debt with family and friends; 15% do not discuss their spending habits with their spouse or […]
It’s February, the time when many couples are thinking about making that ultimate commitment. Before you say “I do”, should you be talking about how much debt your potential partner might have? Today we released a Harris/Decima Research study that shows that four in ten Canadian couples say they are bringing debt into their marriage. According […]
To pay credit cards, you need to pay more than the minimum. Ted Michalos explains how costly it is to pay credit card interest, and what you can do to get out of credit card debt.
Last year some American researchers published the results of a study that asked the question: "If you were faced with a financial emergency, could you come up with $2,000 in 30 days?" In that study one quarter of Americans said that no, they could not come up with $2,000 within 30 days. I was curious […]
Detailed statistics from the Hoyes Michalos/ Harris/Decima poll published September 24, 2012. Canadians are very confident financially Other surveys, such as the Harris/Decima consumer confidence index, indicate that Canadians are confident. In our survey 65% of Canadians are very or somewhat comfortable: Question:“How comfortable are you with your financial situation?” Answer: 11% Very comfortable 51% […]
Canadians are alarmingly accepting of debt as a financial strategy, according to a Hoyes Michalos/ Harris/Decima poll published September 24, 2012. “It’s frightening to see that Canadians have become totally blasé about debt - it’s becoming their new ‘normal’ and they’re numb to this dangerous trend,” says Douglas Hoyes, a bankruptcy trustee with Hoyes, Michalos […]
Doug Hoyes was interviewed on CBC, and gave some suggestions for dealing with debt, the ticking time bomb.