A new report from insolvency firm MNP LTD. says more Canadians are facing a deteriorating debt situation, as high costs and elevated interest rates make it harder to pay the bills.
It was that way in the 90’s too. It’s not a new problem. I didn’t have parental support and ended up couch surfing for a few years while putting myself through college, despite working the entire time. It’s hard to establish your place in life when you don’t have odds stacked in your favor. I couldn’t even get a credit card because I was injured without health insurance at 18, which led to medical collections, which meant bad credit and no credit card.
Wanna hear grim, I’m youngish and I came out of highschool using my credit card to get by.
Thank god my parents are able to sorta support me, cause financial independence is a dream at this point.
I can only imagine the effect this has on my generation expecting this to be the norm
It was that way in the 90’s too. It’s not a new problem. I didn’t have parental support and ended up couch surfing for a few years while putting myself through college, despite working the entire time. It’s hard to establish your place in life when you don’t have odds stacked in your favor. I couldn’t even get a credit card because I was injured without health insurance at 18, which led to medical collections, which meant bad credit and no credit card.
Oh god yeah I can only imagine what my personal medical bills would add up to, luckily I’m in Canada.