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third quarter consumer credit trends studywindsorstar
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78% Informative
Equifax Canada’s 2024 third quarter consumer credit trends study found overall consumer debt rose 4.1 per cent compared to Q3 2023 to reach a record $2.54 trillion .
The debts piled up fastest for the younger generations and newcomers to Canada as more people relied on their credit cards.
The average Canadian now owes $ 21,810 in non-mortgage debt.
VR Score
88
Informative language
90
Neutral language
64
Article tone
semi-formal
Language
English
Language complexity
37
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
8
Source diversity
5