151 – REBROADCAST: The Canadian Economy and Household Debt

151 – REBROADCAST: The Canadian Economy and Household Debt

Author: Doug Hoyes July 22, 2017 Duration: 32:27

Today's show is a rebroadcast of a show that first aired in October, 2016.

My guest is David Bond, who has a PhD in Economics from Yale University, and he makes a number of interesting points.  We discuss the high level of Canadian household debt, and we talk about the most popular topic here on the podcast in the last year, and that's the Canadian real estate market.  Mr. Bond has some very definitive views on income inequality and taxation, and he has some thoughts on Basic Income.

Mr. Bond  points out that we must face the fact that we live in an economy that has cycles. A high household debt to income ratio (167.8% at the time of our podcast) puts both the individual, and our economy as a whole, at risk. If you lose your job, you may not be able to pay your debts. If too many people default on their debts, our financial institutions might go bankrupt.

Tune in for Mr. Bond's David's advice if you have debt and risk a job loss or income reduction.


Doug Hoyes sits down each week with a different specialist to untangle the complicated feelings and hard numbers around owing money. The conversations in Debt Free in 30 move beyond simple scare tactics or dry theory, focusing instead on actionable strategies for managing debt, rebuilding savings, and making informed investing choices. You’ll hear from trustees, financial planners, and counselors who explain concepts in plain language, stripping away the industry jargon that often leaves people feeling overwhelmed. Whether it’s navigating a consumer proposal, understanding credit scores, or starting to invest with a tight budget, this podcast provides a clear-eyed look at the steps toward financial stability. Doug’s approach is grounded and pragmatic, reflecting his deep expertise in the field, making each episode feel like a direct consultation with a knowledgeable guide. Tuning in regularly offers a consistent source of demystified advice, turning what can be a stressful topic into a manageable process. It’s that blend of expert insight and relatable conversation that defines this particular personal finance podcast.
Author: Language: English Episodes: 500

Debt Free in 30
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