Why Is Household Debt So High in Canada?

This is, once again, apropos of nothing in particular. I just happened to come across it:

Household debt wasn’t the driver of the financial collapse in the United States, but it certainly played a role. And since the Great Recession, households have delevered considerably, from 100 percent to about 80 percent.

But in Canada, leverage went up during the recession and has kept going up ever since. They’re now above the highest point of the US housing bubble. Is this a problem?

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Minority rule, corruption, disinformation, attacks on those who dare tell the truth: There is a direct line from what's happening in Russia and Ukraine to what's happening here at home. And that's what MoJo's Monika Bauerlein writes about in "Their Fight Is Our Fight" to unpack the information war we find ourselves in and share a few examples to show why the power of independent, reader-supported journalism is such a threat to authoritarians.

Corrupt leaders the world over can (and will) try to shut down the truth, but when the truth has millions of people on its side, you can't keep it down for good. And there's no more powerful or urgent argument for your support of Mother Jones' journalism right now than that. We need to raise about $450,000 to hit our online fundraising budget in these next few months, so please read more from Monika and pitch in if you can.

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