Debt and financial distress among Canadian families

Articles and reports: 75-006-X201900100010


This study uses data from the 2016 Survey of Financial Security to examine financial distress indicators for Canadian families. Three financial distress indicators are examined: the proportion of Canadian families who skipped or delayed a mortgage payment, the proportion who skipped or delayed a non-mortgage payment and the proportion who borrowed money through a payday loan. This paper also examines the factors associated with financial distress among Canadians, with a particular focus on their debt level.

Issue Number: 2019001
Author(s): Marshall, George
FormatRelease dateMore information
HTMLJune 26, 2019
PDFJune 26, 2019