Here's an interesting article from cbc.ca which highlights the need to get our debt under control. The full article canbe read here. If you need advice or require a debt management plan, mydebtsolution.com has the experience and track record to help. We have an A+ rating at the BBB and credit counsellors with years of experience. Read on. Canadians often think of themselves as a thrifty people, but economists and financial experts say we are overspending at a troubling rate. "I have a concern right now – we have more debt than our American counterparts," says Greg Pollock, president and CEO of Advocis, the Financial Advisers Association of Canada.

From the Globe and Mail, is this a good start to the new year? Our Full Review remains the best choice for those who find themselves in financial difficulty. Low interest rates and an entrenched culture of spending are changing the face of indebtedness in Canada, driving people who already are deeply in debt – particularly those over the age of 45 – to borrow ever more, even as incomes stagnate.

A new analysis by Canadian Imperial Bank of Commerce on consumer debt shows that families that already are borrowers are driving virtually all of the increase in the country’s debt load. Much of the rise is being driven by the baby boom generation, raising concerns that a demographic group that should be focusing on saving for retirement is instead digging itself faster into a financial hole.