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Debt Trap (3 of 5)
Some facts established in this documentary:
- Canadians collectively owe $1,000,000,000,000+ of debt, almost 10 times that of 30 years ago.
- in the last 20 years bank profits up 900%. Half is of debt interests.
- avg household consumer debt: $70,000 - $80,000.
- personal bankruptcies up 400% in 25 years.
- savings rate now an all time low [...]