The all-clear siren sounded by the Fraser Institute last week on household debt is misleading. The debt service metric they use only captures the interest cost portion of debt, which completely misses the point in a high debt, low interest rate environment. Other evidence suggests that household debt obligations are becoming a burden.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services