Financial Impact of Government Policies: Rising Debt, Mortgages, and Credit Cards Delinquencies
In this episode, Neil analyzes the financial challenges Canadians are facing in 2024 driven by restrictive government policies. Neil presents the numbers on rising consumer debt, increased mortgage pressures, and skyrocketing credit card delinquencies from Q2 2023 to Q2 2024, revealing a significant 4.2% surge in debt levels, with credit cards being the leading contributor.
Discussion Topics
- Rising debt levels from Q2 2023 to Q2 2024
- Impact of government policies on mortgages and credit cards
- Understanding delinquency rates and their effect on Canadians
- Predictions for Q3 2024 and beyond
Equifax Article: https://www.consumer.equifax.ca/about-equifax/press-releases/-/intlpress/economic-pressures-could-impact-credit-performance-of-consumers-especially-young-adults/
Connect with us!
Neil D'Souza: linktr.ee/realestate4horsemen
Linkedin: linkedin.com/in/neilmortgages
Email: neilmortgages@gmail.com
#CanadianEconomy #RisingDebt #MortgageCrisis #FinancialChallenges #NeilDSouza #Podcast #CreditCardDebt #GovernmentPolicies #EconomicOutlook #Q32024
Видео Financial Impact of Government Policies: Rising Debt, Mortgages, and Credit Cards Delinquencies канала Four Horsemen of Real Estate Investing
Discussion Topics
- Rising debt levels from Q2 2023 to Q2 2024
- Impact of government policies on mortgages and credit cards
- Understanding delinquency rates and their effect on Canadians
- Predictions for Q3 2024 and beyond
Equifax Article: https://www.consumer.equifax.ca/about-equifax/press-releases/-/intlpress/economic-pressures-could-impact-credit-performance-of-consumers-especially-young-adults/
Connect with us!
Neil D'Souza: linktr.ee/realestate4horsemen
Linkedin: linkedin.com/in/neilmortgages
Email: neilmortgages@gmail.com
#CanadianEconomy #RisingDebt #MortgageCrisis #FinancialChallenges #NeilDSouza #Podcast #CreditCardDebt #GovernmentPolicies #EconomicOutlook #Q32024
Видео Financial Impact of Government Policies: Rising Debt, Mortgages, and Credit Cards Delinquencies канала Four Horsemen of Real Estate Investing
credit card debt financial freedom household debt consumer spending interest rates financial planning personal finance real estate market credit cards personal finance tips consumer spending economics consumer spending 2024 interest rates 2025 interest rates and inflation explained canadian economy crash canadian economy forecast canadian economy crisis canadian economy today canadian economy update canadian economy collapse canadian economy crash 2024
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25 сентября 2024 г. 22:32:32
00:08:15
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