{"id":781,"date":"2015-04-15T08:00:50","date_gmt":"2015-04-15T13:00:50","guid":{"rendered":"https:\/\/www.creditaid.ca\/blog\/?p=781"},"modified":"2015-04-15T08:00:50","modified_gmt":"2015-04-15T13:00:50","slug":"has-society-become-desensitized-to-spending","status":"publish","type":"post","link":"https:\/\/www.creditaid.ca\/blog\/2015\/04\/15\/has-society-become-desensitized-to-spending\/","title":{"rendered":"Has Society Become Desensitized to Spending?"},"content":{"rendered":"<p>\t\t\t\t<a href=\"https:\/\/www.creditaid.ca\/blog\/wp-content\/uploads\/2015\/04\/Desensitized-to-spending-Apr-15.png\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-full wp-image-782\" alt=\"Desensitized-to-spending-Apr-15\" src=\"https:\/\/www.creditaid.ca\/blog\/wp-content\/uploads\/2015\/04\/Desensitized-to-spending-Apr-15.png\" width=\"500\" height=\"375\" srcset=\"https:\/\/www.creditaid.ca\/blog\/wp-content\/uploads\/2015\/04\/Desensitized-to-spending-Apr-15.png 500w, https:\/\/www.creditaid.ca\/blog\/wp-content\/uploads\/2015\/04\/Desensitized-to-spending-Apr-15-300x225.png 300w\" sizes=\"(max-width: 500px) 100vw, 500px\" \/><\/a><\/p>\n<p>Good question. Certainly, not everyone has, but spiraling levels of <a href=\"\/let-us-help-you\/debt-help\" target=\"_blank\" rel=\"noopener noreferrer\">consumer debt<\/a> have risen to record levels, indicating that Canadians are spending more money that they don\u2019t have at an alarming rate.<\/p>\n<p><a href=\"http:\/\/www.statcan.gc.ca\/start-debut-eng.html\" target=\"_blank\" rel=\"noopener noreferrer\">Statistics Canada<\/a> has released figures for the third quarter of 2014 indicating that Canadian household total credit-market debt, which consists of <a href=\"\/let-us-help-you\/mortgage-loan\" target=\"_blank\" rel=\"noopener noreferrer\">mortgages<\/a>, consumer credit (mostly <a href=\"\/let-us-help-you\/credit-card-debt\" target=\"_blank\" rel=\"noopener noreferrer\">credit cards<\/a>) and <a href=\"\/let-us-help-you\/car-loans-and-auto-financing\" target=\"_blank\" rel=\"noopener noreferrer\">non-mortgage loans<\/a> rose to 162.6 percent of disposable income. The Bank of Canada has stated that \u201chigh consumer debt loads and imbalances in the housing market\u201d are a concern.<\/p>\n<p>In short, people are using credit more today than ever before.<\/p>\n<p>Two generations ago, very few people used credit. Society was based on a \u201ccash on the barrelhead\u201d philosophy that encouraged living within one\u2019s means. This standpoint has been slowly eroded by rising home ownership costs (it is virtually impossible to purchase a home without a mortgage, and the length of time that the average family spends paying for their home gets steadily longer), the availability of consumer credit, and the replacement of \u201chard\u201d currency with cheques, credit cards, and digital wallets.<\/p>\n<p>It\u2019s easier to access credit today than ever before, and advertising inundates us with constant messages promoting consumption of high-value items, usually on payments. It\u2019s no wonder that people wind up in trouble with credit cards, loans, and lines of credit.<\/p>\n<p><a href=\"\/who-is-creditaid\" target=\"_blank\" rel=\"noopener noreferrer\">Creditaid exists to help people who have used credit improperly<\/a>, or have been faced with unforeseen circumstances, and are having trouble dealing with their debt. We offer a <a href=\"\/let-us-help-you\" target=\"_blank\" rel=\"noopener noreferrer\">free initial credit counselling review<\/a> with professionals who can advise you on how to best manage and repay your debts. We\u2019ll work with you in a judgment-free manner to develop solutions for your specific situation. We have a number of tools available to help you deal with your creditors, including <a href=\"\/let-us-help-you\/debt-consolidation\" target=\"_blank\" rel=\"noopener noreferrer\">debt consolidation<\/a> and <a href=\"\/let-us-help-you\/debt-management-program\" target=\"_blank\" rel=\"noopener noreferrer\">debt management<\/a> solutions. If you\u2019re feeling the pressure of collections, <a href=\"\/contact\" target=\"_blank\" rel=\"noopener noreferrer\">call Creditaid for help<\/a> today.\t\t<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good question. Certainly, not everyone has, but spiraling levels of consumer debt have risen to record levels, indicating that Canadians are spending more money that they don\u2019t have at an alarming rate. Statistics Canada has released figures for the third quarter of 2014 indicating that Canadian household total credit-market debt, which consists of mortgages, consumer &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.creditaid.ca\/blog\/2015\/04\/15\/has-society-become-desensitized-to-spending\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Has Society Become Desensitized to Spending?&#8221;<\/span><\/a><\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[92,93,107,177,396,398],"_links":{"self":[{"href":"https:\/\/www.creditaid.ca\/blog\/wp-json\/wp\/v2\/posts\/781"}],"collection":[{"href":"https:\/\/www.creditaid.ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.creditaid.ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.creditaid.ca\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.creditaid.ca\/blog\/wp-json\/wp\/v2\/comments?post=781"}],"version-history":[{"count":0,"href":"https:\/\/www.creditaid.ca\/blog\/wp-json\/wp\/v2\/posts\/781\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.creditaid.ca\/blog\/wp-json\/wp\/v2\/media?parent=781"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.creditaid.ca\/blog\/wp-json\/wp\/v2\/categories?post=781"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.creditaid.ca\/blog\/wp-json\/wp\/v2\/tags?post=781"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}