IDEAS home Printed from https://ideas.repec.org/
MyIDEAS: Login to save this paper or follow this series

A Driving Force No More: Have Canadian Consumers Reached Their Limits?

  • Elena Simonova

    ()

    (Certified General Accountants Association of Canada)

  • Rock Lefebvre

    ()

    (Certified General Accountants Association of Canada)

Registered author(s):

    In 2007, 2009, 2010 and then again in 2011, CGA-Canada set out to analyse the level of debt of Canadians, and to understand the extent to which the financial crisis and economic downturn worsened the financial situation of households, and whether the economic recovery have eased the financial stress. That was done by integrating the results of a public opinion survey commissioned by CGA-Canada with an analysis of available statistical information. The results of the analysis show that the financial condition of the aggregate household sector does not appear to be exceedingly distressful; however, focusing on the aggregate household sector conceals the fact that financial situation of certain groups of households may be much worse than average. Our ability to fully assess the state and level of household indebtedness is limited due to limited availability of data, whereas pan-Canadian perspective does not reflect significant regional differences. As such, the state and the dynamic of the household sector’s balance sheet should remain high on the radar of policy-makers.

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

    File URL: http://ideas.cga-canada.org/WorkingPapers/110604.pdf
    File Function: First version, 2011
    Download Restriction: no

    Paper provided by Certified General Accountants Association of Canada in its series Working Papers with number 110604.

    as
    in new window

    Length: 129 pages
    Date of creation: Jun 2011
    Date of revision:
    Handle: RePEc:cga:wpaper:110604
    Contact details of provider: Postal: Suite 100, 4200 North Fraser Way, Burnaby, British Columbia V5J 5K7, Canada
    Phone: 1-800-663-1529
    Fax: 1-604-689-5845
    Web page: http://www.cga-canada.org

    More information through EDIRC

    References listed on IDEAS
    Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

    as in new window
    1. Lise Pichette & Dominique Tremblay, 2003. "Are Wealth Effects Important for Canada?," Working Papers 03-30, Bank of Canada.
    2. Schellenberg, Grant & Ostrovsky, Yuri, 2010. "Retirement-Related Highlights from the 2009 Canadian Financial Capability Survey," Insights on the Canadian Economy 2010026e, Statistics Canada, Economic Analysis.
    3. Thomas A. Mroz & Timothy H. Savage, 2006. "The Long-Term Effects of Youth Unemployment," Journal of Human Resources, University of Wisconsin Press, vol. 41(2).
    Full references (including those not matched with items on IDEAS)

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    When requesting a correction, please mention this item's handle: RePEc:cga:wpaper:110604. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Elena Simonova)

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.