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Canadians piled on more debt during COVID-19, see quality of life worsen: survey

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globalnews.ca

Debt-ridden Canadians are seeing their quality of life diminish even further as the COVID-19 pandemic drags on, a new survey suggests.The 2021 BDO Affordability Index released Monday shows 43 per cent of Canadians added to their existing debt thanks to the pandemic.

That’s up four per cent from the year before.One quarter (26 per cent) of Canadians have added at least one new type of debt, and 70 per cent of them say this new debt is making their quality of life even worse.

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