Despite concerns around debt and budgeting, most are feeling optimistic about their financial futures
High debt levels mean rate hikes will take a bite out of budgets
Borrowing needs are starting to ease
Younger, less affluent households see larger wealth gains
The figure is the second-highest on record but an improvement over 2020
The recent throne speech said recovery from the pandemic will be fuelled by growth, not spending cuts or tax hikes
High debt levels and rising rates may keep consumers on the sidelines
26% of Canadians incurred at least one new kind of debt during the pandemic
A report questioned investors' timing as debt returns faltered and stocks outperformed
Over half of survey respondents to a recent consumer debt poll have considered borrowing more