Canada Consumer Debt Follows US, Hits Record Levels

NAFTA is on the table but at least for 2/3rd of the union there is some union as Canada’s Consumer debt follows as scary pattern akin to America At the end of July, propriety data from UBS showed that US consumers are coming under increasing strain as leverage rises faster than earnings. [dalio] According to the proprietary UBS Evidence Lab survey, the percentage of lower and middle-income consumers that have ‘strained’ finances (consumers are ‘strained’ if their monthly income barely covers or is below monthly expenses) remains near peak levels, at roughly 36% of all US consumers. US Consumer Defaults Are On The…