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Economic Viewpoint

The financial situation of Quebec households

August 25, 2016
François Dupuis, Vice-President and Chief Economist • Hélène Bégin, Senior Economist • Danny Bélanger, Economist

result that the debt/asset ratio has not fluctuated much, a sign that, overall, borrowers remain in relatively good financial shape. Beyond the broad picture, are households in some age brackets in shakier financial position than they were? Has the position worsened more for young people, or older households? For those under 35, debt levels have skyrocketed, going up more steeply than their assets. Their situation is not necessarily alarming, but greater vigilance is required, as about 20% are in the financial discomfort zone. Even the debt of households over 65 has gone up. Many more are resorting to debt than were 15 years ago. One thing is certain, debt profiles and asset accumulation differ widely depending on the age group.

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