Older millennials, adults aged 35 to 44, had debt-to-disposable income ratios around 250 per cent in 2019, while Freestone noted that metric was roughly 150 per cent for the same age group in 1999.

Can confirm we’re sitting around 250% but this is after exercising significant restraint to not take on as much mortgage as the banks would have given us. Everyone I know who bought over the last couple of years went all out and I can’t imagine them being any lower than 300-350%.

  • GrindingGears
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    1 year ago

    That’s just it though, and your average investment profile hasn’t likely been getting 10% overall these past few years. Even if you stuck that cash in a high interest savings account, it’s been making maybe 4-5% this last little bit, which sounds good until you consider that inflation has been about the same amount, eroding the purchasing power of it. 10% return in your RRSP’s isn’t going to drive you to work in the morning either.