RWRDS Daily Update – June 22, 2023 + MORE Jun 23rd

Space travel weakens the immune system by altering gene expression  Tech ExploristSpace Travel Alters Gene Expression, Weakening Immune Systems  GizmodoAstronauts are more likely to get sick while in space. Here’s why.  National GeographicScientists reveal how space travel weakens astronauts’ immune systems  EuronewsScientists finally discover why space travel weakens our immunity  BBC Science Focus MagazineView Full Coverage on Google News

Space travel weakens the immune system by altering gene expression  Tech ExploristSpace Travel Alters Gene Expression, Weakening Immune Systems  GizmodoAstronauts are more likely to get sick while in space. Here’s why.  National GeographicScientists reveal how space travel weakens astronauts’ immune systems  EuronewsScientists finally discover why space travel weakens our immunity  BBC Science Focus MagazineView Full Coverage on Google News

Debt seems to be a normal thing for Canadians these days. After a brief decline during the pandemic, the Canadian household debt-to-income ratio soared to 184.5% in the first quarter of 2023. That means Canadians owe nearly $1.85 for every dollar of disposable income.

The ballooning debt has been mainly driven by rising mortgage balances as demand pushed home prices to record levels across the country.

Does this mean the average Canadian is up to their eyeballs in debt? Not necessarily.

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What is the average debt for Canadians?

Let’s start by looking at the average consumer balance held across different credit products. This information comes from TransUnion’s Q1 2023 Credit Industry Insights report.

Debt typeAverage owedCredit cards$3,909Installment loans$20,845Auto loans$26,494Lines of credit$34,328Mortgages$349,178

Note, the numbers here represent the average consumer that carries a balance in these categories…

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Why trust us

MoneySense is an award-winning magazine, helping Canadians navigate money matters since 1999. Our editorial team of trained journalists works closely with leading personal finance experts in Canada. To help you find the best financial products, we compare the offerings from over 12 major institutions, including banks, credit unions and card issuers. Learn more about our advertising and trusted partners.

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Scotiabank Platinum American Express Card review, Porter Airlines confirms Toronto-St. John’s flights and One more Walmart coding with 5x points for the Cobalt Card. Check out today’s points & miles updates here:
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