Albertans saddled with biggest debt load in the country, says Equifax
CTV Calgary: Study shows Alberta in debt
A new survey shows that Albertans across the province are in a lot of debt, so much so that they’re leading the country.
According to a new report, Albertans are leading the country in debt loads, and the delinqency rates have jumped.
The report, published by Equifax, shows that the average Albertan is carrying more than $27,000 worth of debt, excluding mortgages.
That figure is $600 above the national average.
Equifax says that consumer debt in Alberta is way up, and there are indications that delinquency rates are beginning an upward trend too.
Delinqency rates, meanwhile, have jumped 25 percent in the province, but when you look at Calgary alone, the city has the highest rate of any other Canadian city.
Calgarians carry more than $28,000 in credit debt, and has grown by 17 percent over last year.
Experts say the jump can be attributed to many people, who were already overextended, have now lost their jobs or have been forced to take pay cuts.
Michael Franklin, Web Producer