Nevertheless,
Equifax report: young people aged:
Young Canadians accumulate payment delays at an never seen rate. Moreover, according to a new Equifax Canada report.
Stuck between a vacillating job market. Meanwhile, the multiple increases in daily life, people aged 36 and under are in an inconvenient situation.
Payment delays of more than 90 days jumped almost 20% in one year. Consequently, Overall, it was 1.4 million Canadians who missed credit payment in the second quarter. Consequently, It is 7000 less than in the first quarter, but it is still 118,000 more than in 2024.
The most vulnerable are young and tenants. In this group. one in 19 consumer has missed a payment, while this statistic goes to 1 out of 37 for those who have a mortgage.
The gap now exceeds 96%, while it was 45% in 2019.
“Young consumers do not always have equifax report: young people aged the savings necessary to absorb the increase in costs. which pushes them to resort to credit, explains to the Globe and Mail Rebecca Oakes, vice-president at Equifax Canada. Without stable employment, it is practically impossible to follow payments. ”
It is hardly better for the labor market. Statistics Canada indicates that 34,000 young people aged 15 to 24 lost their job in July. Their employment rate dropped to 53.6%, the lowest since 1998.
If the mortgage owners are taking their heads out of the water. the young generations are heading for a debt crisis.
equifax report: young people aged — Equifax report: equifax report: young people aged young people aged: Young Canadians accumulate payment delays at an never seen rate. according to a new Equifax Canada report. Stuck between a vacillating job market. the multiple increases in daily life, people aged 36 and under are in an inconvenient situa.
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