{"id":6475,"date":"2021-04-13T00:00:00","date_gmt":"2021-04-13T04:00:00","guid":{"rendered":"https:\/\/creei.ca\/new-article-on-household-debt-near-retirement-in-canada\/"},"modified":"2023-07-18T09:01:53","modified_gmt":"2023-07-18T13:01:53","slug":"new-article-on-household-debt-near-retirement-in-canada","status":"publish","type":"post","link":"https:\/\/creei.ca\/en\/new-article-on-household-debt-near-retirement-in-canada\/","title":{"rendered":"New article on household debt near retirement in Canada"},"content":{"rendered":"<div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-1 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"max-width:1144px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-0 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-text fusion-text-1\"><p><em>\u00a0<\/em><\/p>\n<p>The article \u201c<a href=\"http:\/\/www.utpjournals.press\/doi\/full\/10.3138\/cpp.2019-041\">Playing with Fire? Household Debt near Retirement in Canada<\/a>,\u201d previously made available online as a <a href=\"https:\/\/creei.ca\/en\/playing-fire-debt-near-retirement-canada\/\">CREEi working paper<\/a>, has just been published in Canadian Public Policy\/Analyse de politique.<\/p>\n<p>Written by Pierre-Carl Michaud, CREEi chair co-holder, with Nicolas B\u00e9dard, the article analyzes the evolution of debt among households nearing retirement in Canada over the period 1999\u20132016.<\/p>\n<p>The analyses carried out led to three important findings. First, debt as a ratio of income has risen considerably while debt as a fraction of assets has also doubled, even though assets remain roughly five times as large as debt. Second, mortgage debt has risen the most but average mortgage payments have remained relatively constant over the period. Third, a small but significant fraction of households are playing with fire, being vulnerable to a sudden rise in borrowing costs or a meltdown of house prices that could jeopardize their standard of living in retirement.<\/p>\n<p><img decoding=\"async\" class=\"alignnone size-full wp-image-3702\" src=\"https:\/\/creei.ca\/wp-content\/uploads\/2021\/04\/18-19.png\" alt=\"\" width=\"768\" height=\"430\" srcset=\"https:\/\/creei.ca\/wp-content\/uploads\/2021\/04\/18-19-200x112.png 200w, https:\/\/creei.ca\/wp-content\/uploads\/2021\/04\/18-19-300x168.png 300w, https:\/\/creei.ca\/wp-content\/uploads\/2021\/04\/18-19-400x224.png 400w, https:\/\/creei.ca\/wp-content\/uploads\/2021\/04\/18-19-600x336.png 600w, https:\/\/creei.ca\/wp-content\/uploads\/2021\/04\/18-19.png 768w\" sizes=\"(max-width: 768px) 100vw, 768px\" \/><\/p>\n<\/div><\/div><\/div><\/div><\/div>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-6475","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/creei.ca\/en\/wp-json\/wp\/v2\/posts\/6475","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/creei.ca\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/creei.ca\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/creei.ca\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/creei.ca\/en\/wp-json\/wp\/v2\/comments?post=6475"}],"version-history":[{"count":0,"href":"https:\/\/creei.ca\/en\/wp-json\/wp\/v2\/posts\/6475\/revisions"}],"wp:attachment":[{"href":"https:\/\/creei.ca\/en\/wp-json\/wp\/v2\/media?parent=6475"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/creei.ca\/en\/wp-json\/wp\/v2\/categories?post=6475"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/creei.ca\/en\/wp-json\/wp\/v2\/tags?post=6475"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}