2010 Fellow Suzanne von der Porten’s op-ed The Hidden Cost of Household Debt published by Corporate Knights:
Have you ever considered how remarkable it is that your grandparents used to save up to buy things? It conjures up a quaint image of a ceramic piggy bank rattling with coins and a dusty walk to the corner store. By contrast, today’s Canadians have embraced the phenomenon of perpetual debt, holding a staggering net household debt of $1.4 trillion and counting. Some economists say that spending makes the economy tick.
Read the article The Hidden Cost of Household Debt.