MNP Consumer Debt Index Dips To Second-Lowest Level in Last 5 Years, Canadians’ Current Debt Perception Reaches All-Time Low

CALGARY, Alberta, Jan. 08, 2024 (GLOBE NEWSWIRE) — The MNP Consumer Debt Index, conducted quarterly by Ipsos, has dropped to 83 points, a decrease of three points from the last quarter, reaching the second-lowest level in five years. Most notably, Canadians’ current debt perception has reached an all-time low, with the impact of inflation and higher interest rates leaving them feeling the most pessimistic about their current debt situation. More this quarter perceive their current debt situation as much worse (22%, +2pts) and fewer rated it better (22%, -2pts) compared to a year ago. Looking back to five years ago, a rising proportion (28%, +3pts) say their debt situation has worsened, and nearly three in ten (27%, -1pt) say it…