Families face rising debt pressures
“Canadian household debt levels reach a new high.—Globe and Mail headline, 13 December 2012“IMF warns about Canadian household debt.”—Canadian Press headline, 22 December 2011
Soaring household debt leaves Canadians vulnerable to unexpected shocks—whether it’s sickness, job loss or rising interest rates. But getting debt under control isn’t easy when you look at the pressures people are facing.
Rental housing costs are up. And the Federation of Canadian Municipalities says homeownership costs have grown three times faster than incomes since 2005.
Across Canada, the cost of a university education is three times what the last generation paid 20 years ago. And fees are projected to rise another 14 per cent by 2017.
At the same time, people are facing unfair banking fees, high credit card interest rates, and rising costs for many of the goods and services we rely on.
Meanwhile, good-paying, full-time jobs are being replaced by more precarious work. For the first time in Canadian history, middle-class wages are now consistently declining.
Canadians deserve better. That’s why New Democrats are putting forward positive solutions—to create quality jobs and make everyday life more affordable.
What’s next? Join the campaign!
Tired of well-connected insiders getting all the breaks? Be part of the movement, and bring change to our community and to Ottawa.
On February 22, hundreds of volunteers from coast-to-coast will be knocking on doors in their community and talking to their neighbours about these important issues and what we can do to bring change to Ottawa.
Be a part of it – Sign up today!
Here in Brant, I want you to join me and our dynamic volunteer team as we take part in the National Day of Action on Affordability Issues. On February 22, we will knock on the doors of our community, with a positive message to make life more affordable – but we need your help!
Volunteers will be meeting at at Sophia’s Bakery and Cafe, located at 60 Colborne Street, on Saturday, Feb. 22 at 11 a.m. I’ll be buying all volunteers that day a hot beverage and we will have some light refreshments before we head out into the neighbourhood of Eagle Place with our message.