Embracing Fintech
CA: Household Finances
30
25
Household Savings Ratios Still Elevated
% of disposable income, SAAR
20
15
15
10
5
0
-5
92 94 96 98 00 02 04 06 08 10 12 14 16
Sources: Scotiabank Economics, Statistics Canada.
18 20
22
22
Ratio of Household Assets to Liabilities Rising
750
%
700
650
600
550
500
450
400
350
92 94 96 98 00 02 04 06
Sources: Statistics Canada, Federal Reserve Board.
Canada
U.S.
08
10
12
14
16 18
20
20
Household Credit-Market Debt Has Levelled Off
200
% of disposable income, SAAR
180
160
140
120
6
100
80
Adjusted Canadian
Official U.S.
-----Official Canadian
92 94 96 98 00 02 04 06 08 10 12 14 16 18 20
Sources: Scotiabank Economics, Statistics Canada, BEA, Federal Reserve Board.
60
Household Debt-Service Ratios Tempered
16
% of disposable income, SAAR
14
12
10
8
60
Debt service ratio
(interest only)
4
2
Debt service ratio
(principal and
interest)
Debt service ratio
(principal only)
22
0
22
22
92 94 96 98 00 02 04
Sources: Scotiabank Economics, Statistics Canada.
06
08 10
12
14 16 18 20
222
70
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