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Deleveraging and shifting from consumption to savings may be expected of households in the aftermath of an economic recession. Our research provides insights on how households’ borrowing and savings habits adjusted to the new economic reality.
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Where is the Money Now: The State of Canadian Household Debt as Conditions for Economic Recovery Emerge will help you understand the extent to which the economic downturn might have worsened financial positions of Canadians. Deleveraging and a shift from consumption to savings may typically be expected of households in the immediate aftermath of an economic recession.
Our economic research details these trends. We also highlight recommendations on policies that may help influence the fundamentals of household borrowing behaviours, including:
March 1, 2017
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February 13, 2017
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