{"id":23369,"date":"2012-11-05T08:02:07","date_gmt":"2012-11-05T08:02:07","guid":{"rendered":"https:\/\/nomoredebts.org\/?page_id=23369"},"modified":"2023-01-10T17:40:09","modified_gmt":"2023-01-10T17:40:09","slug":"canadian-consumer-debt-increases","status":"publish","type":"post","link":"https:\/\/nomoredebts.org\/blog\/about-credit-counselling-society\/canadian-consumer-debt-increases","title":{"rendered":"Canadian Consumer Debt Increases 53% in 5 Years (November 5, 2012)"},"content":{"rendered":"\n\n\n[et_pb_section fb_built=”1″ _builder_version=”4.6.5″ _module_preset=”default” custom_margin=”||||false|false” custom_margin_last_edited=”off|desktop” top_divider_style=”curve2″ top_divider_color=”#e7dff3″ top_divider_flip=”horizontal|vertical” bottom_divider_style=”curve2″ bottom_divider_color=”#5b25af” bottom_divider_height_tablet=”80px” bottom_divider_height_phone=”50px” bottom_divider_height_last_edited=”on|phone” da_is_popup=”off” da_exit_intent=”off” da_has_close=”on” da_alt_close=”off” da_dark_close=”off” da_not_modal=”on” da_is_singular=”off” da_with_loader=”off” da_has_shadow=”on” da_disable_devices=”off|off|off”][et_pb_row _builder_version=”4.6.0″ _module_preset=”default”][et_pb_column type=”4_4″ _builder_version=”4.6.0″ _module_preset=”default”][et_pb_text _builder_version=”4.8.0″ _module_preset=”default” hover_enabled=”0″ sticky_enabled=”0″]

Canadian Consumer Debt Increases 53% in 5 Years (News Release, November 5, 2012)<\/h1>\nDespite some recent reports that it looks like Canadians are being a little more careful with how much credit they use, over the past 5 years, the Credit Counselling Society has seen the debt load of Canadians seeking their help increase by 53%, and the majority of the increase occurred in the two years following the global economic crisis. What\u2019s more alarming is that the numbers continue to climb, showing no signs of turning around this year.\n\n\u201cOn average, clients come to us owing over $31,000 of unsecured debt,\u201d explains Scott Hannah, President & CEO or the non-profit Credit Counselling Society<\/a>. Hannah continues, \u201cOur hope is that consumers take heed of the warnings and decrease their reliance on credit.\u201d\n

Increasing Financial Literacy with Education\"Financial<\/h2>\nTo help Canadians turn the tide on this unsettling trend, the Credit Counselling Society has launched several new free online workshops \/ webinars<\/a> this month. The workshops are designed to help consumers learn how to manage their money, debt and credit better, and take the first steps to getting their finances back on track.\n\n\u201cWe\u2019re looking at a staggering increase in the amount of personal debt Canadian families are trying to manage,\u201d explains Hannah. \u201cWe want to give everyone across Canada the opportunity to attend one of these free events during Financial Literacy Month<\/a> so that we can start working towards reversing this trend.\u201d\n

Events Planned for Financial Literacy Month<\/h2>\nIn addition to online workshops (webinars) provided by the Credit Counselling Society, events include in-person workshops at post-secondary institutions and ask-the-expert tweet chats each Thursday evening. The winners of a national high school essay contest will also be announced the week of November 12.\n

More Financial Literacy Resources<\/h2>\nThrough its educational programs and services, the Credit Counselling Society is proud to partner with the Financial Consumer Agency of Canada<\/a> to provide free financial education to Canadians during Financial Literacy Month.\n\nFor a complete listing of events, topics, and workshops, visit www.MyMoneyCoach.ca<\/a>.\n\n<< Go back to the Blog main page<\/a>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]\n\n\n","protected":false},"excerpt":{"rendered":"

CCS has seen the debt load of Canadians seeking their help increase by 53%, and the majority of the increase occurred in the two years following the global economic crisis\u2026<\/p>\n","protected":false},"author":3,"featured_media":24435,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"1080","_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[120],"tags":[],"class_list":["post-23369","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-about-credit-counselling-society"],"yoast_head":"\nCanadian Consumer Debt Increases 53% in 5 Years - CCS<\/title>\n<meta name=\"description\" content=\"CCS has seen the debt load of Canadians seeking their help increase by 53%, and the majority of the increase occurred in the two years following the global economic crisis\u2026\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nomoredebts.org\/blog\/about-credit-counselling-society\/canadian-consumer-debt-increases\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Canadian Consumer Debt Increases 53% in 5 Years (November 5, 2012)\" \/>\n<meta property=\"og:description\" content=\"CCS has seen the debt load of Canadians seeking their help increase by 53%, and the majority of the increase occurred in the two years following the global economic crisis\u2026\" \/>\n<meta property=\"og:url\" content=\"https:\/\/nomoredebts.org\/blog\/about-credit-counselling-society\/canadian-consumer-debt-increases\" \/>\n<meta property=\"og:site_name\" content=\"Credit Counselling Society\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/nomoredebts\" \/>\n<meta property=\"article:published_time\" content=\"2012-11-05T08:02:07+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-01-10T17:40:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/nomoredebts.org\/wp-content\/uploads\/2020\/11\/flm-2012-logo_feature_blog.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"400\" \/>\n\t<meta property=\"og:image:height\" content=\"284\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Josh Hunt\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@CrdtCounselSoc\" \/>\n<meta name=\"twitter:site\" content=\"@CrdtCounselSoc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Josh Hunt\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Canadian Consumer Debt Increases 53% in 5 Years - 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