One third of Canadians have stretched themselves so thin that they can no longer cover monthly bills and debt payments, according to a survey …
Thirty-three per cent of respondents … admitted to being stretched beyond their means on a monthly basis, marking an eight-point increase since MNP's last survey in September …
… almost four in 10 respondents … admitted they regret the amount of debt they've taken out in their lifetime.
… Forty-two per cent of respondents … said they'll be in financial trouble if rates rise much higher. Moreover, nearly one-third said they could be forced into bankruptcy because of rising interest rates.
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