Q1 2022 Financial Performance
CA: Household Finances
Household Savings Ratios Elevated
30
% of disposable income, SAAR
25
20
15
10
5
0
Household Credit-Market Debt Has Levelled Off
200
% of disposable income, SAAR
180
160
140
120
100
80
Adjusted Canadian
Official U.S.
-----Official Canadian
92 94 96 98 00 02 04 06 08 10 12 14 16 18
Sources: Scotiabank Economics, Statistics Canada, BEA, Federal Reserve Board.
-5
60
92 94 96 98 00 02 04 06 08 10
Sources: Scotiabank Economics, Statistics Canada.
12 14
16 18 20
Ratio of Household Assets to Liabilities Rising
750
%
700
650
20
Household Debt-Service Ratios Tempered
16
% of disposable income, SAAR
14
Canada
12
10
600
Debt service ratio
(principal and
interest)
8
550
Debt service ratio
6
500
(interest only)
U.S.
4
450
Debt service ratio
(principal only)
2
400
0
350
T
92 94 96 98 00 02 04 06
08
10
12
14
16 18
20
92 94 96 98 00 02 04
Sources: Scotiabank Economics, Statistics Canada.
06
08 10
12
14
16
18
20
Sources: Statistics Canada, Federal Reserve Board.
70
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