Because the consumption ratio of loans is too high, a large number of families consume loans, because the loan economy and credit economy of these developed countries are very developed now. Why did the American financial crisis happen in 2008? Because of the bubble in the real estate industry. At that time, when you bought a house, you could even give him a zero down payment, and then you could live in this house. However, when problems such as employment gradually emerged and banks could not receive money, banks closed down. After the crash, the whole financial industry was driven, and then the whole market crashed, affecting the whole world. This is the great financial crisis in 2008.
This situation in Canada is very similar now, because Canada is the same, and the loan ratio is too high. If a resident says that his monthly income is 5000, and then his loan ratio is 2000 or 3000, then this is still true. Although she said that her life pressure is quite high, as long as there is no problem in the big economic environment and the enterprise develops normally, she can have a stable income and can afford it. However, if the loan ratio reaches 4,000, and he earns 5,000 a month, he will have to pay back more than 4,000. If anything happens to him, it will lead to his personal bankruptcy. For example, if he is ill, it will cost him 1 0,000 yuan a month. How can he go to see a doctor? That's the big problem.
This also tells people that it is ok to spend more than 60% of personal income, but not more than 60% at most, because too much can't cope with risks. You think very well now. I will overdraw the future money for today's dream, but how do you know that you won't overdraw the future money for tomorrow's dream? When your capital chain breaks, you are in trouble.