2.6 How Income is Earned and Spent
Completion requirements
In 2016, nearly half of working Canadians spent all or more than all of
their pay cheques every month. This behaviour increased debt
levels significantly. A 2017 survey by ATB Financial reported that many Albertans believe they will never be debt-free.
Why do people overspend?
Can low interest rates be the only reason? Is there something else involved?
Can low interest rates be the only reason? Is there something else involved?