We’re a nation of debtors. A survey released by BMO in June showed that the average Canadian household is more than $100,000 in debt, and most have ramped up borrowing over the past five years. With interest rates rising, many are scrambling for a way out.
The same thing happens on a macroeconomic scale in national and global economies. In fact, it’s going on right now in much of the world. It’s called deleveraging, and it happens when people, companies and governments hit a dead end in terms of borrowing and have to switch to paying it all back. So what does that mean for investors? As with all things economic, it’s a matter of some debate. Read more in my new article on GoldenGirlFinance.ca: http://bit.ly/SeuO9r