Debt is too dangerous to hold in these uncertain times.
Individuals who hold any form of debt are well-advised to eliminate that prior to investing.
Although mortgage rates are very low, a few percentage point increase can wipe out a large portion of home owners.
The average bankrupt Canadian is getting older and has a growing level of debt, says a recent study.
“We reviewed approximately 7,000 personal insolvency filings from 2011 and 2012, and discovered the typical insolvent person is a 43-year-old male with more than $61,000 in unsecured debt,”