U.S. household debt jumps past $16 trillion, with $2 trillion added since the end of 2019
Since the end of 2019, just prior to the pandemic, household debt has risen by nearly $2 trillion passing $16 trillion in the second quarter of 2022.
covid19
Debt burden of Americans on the rise
Americans paid off debt during the pandemic, but their debt burden is now on the rise again.
canada
Canada experiences 80% increase in debt-to-GDP in 2020, highest increase in all developed countries
Data released by the World Economic Forum in collaboration with Visual Capitalist shows that Canada has experienced the highest recorded change in debt-to-GDP in all developed countries.
canada
Trudeau government seeks to increase debt ceiling by $663 billion, a 56% increase
Chrystia Freeland, the Finance Minister of Canada, said yesterday that the Trudeau government would seek to increase the debt ceiling by 56%, an unprecedented hike.
