Living in suburbs increases debt levels

Once again, Statistics Canada reported: “Canadian debt levels set records.”

One of the most overlooked aspects of why we have so much debt is our desire to have the suburban lifestyle with two or more cars. Governments are still encouraging housing and transportation that will prevent income security and wealth accumulation. Most governments have no formal policy directives and incentives to promote higher-density and lower-cost (both capital and household operating costs) living.

Read the full article...