Marketplace. Debt nation [personal finances in crisis].
" ... the average Canadian family owes more than it earns. In 1984, Canadians owed about $187 billion in personal debt. Today we owe more than $801 billion. Personal bankruptcies are near record highs. We carry 74 million credit cards - three for every Canadian over the age of 18. Credit counselling agencies say they're busier than ever. Students are often graduating with accumulated debt of $25,000 or more. Consumer debt levels are rising much f...