Canadians owe nearly 3 Trillion Dollars in debt, topping 130% of our GDP! ๐Ÿ’ธ๐Ÿ’ธ๐Ÿ’ธ

Buying, Real Talk with Corbin | May 1, 2024 | written by Corbin Chivers

CANADIAN DEBT = $2,920,000,000,000 !!!

Canadians owe nearly 3 Trillion Dollars in debt, topping 130% of our GDP! ๐Ÿ’ธ๐Ÿ’ธ๐Ÿ’ธ

While Canadians have stopped borrowing as much, now that rates are SKY HIGH, we still accumulated a whopping amount of debt, especially over the past 4 years! ๐Ÿ˜ฑ๐Ÿ’ฐ

To put it in perspective, from March 2020 to Now we’ve added an insane 541 BILLION dollars to the national debt. ๐Ÿ’ธ๐Ÿ’ฅ

To put this in context, the United States ๐Ÿ‡บ๐Ÿ‡ธ which is renowned for their debt, has a debt to GDP ratio of 75%, and we’re almost DOUBLE that at 130%. ๐Ÿ“Š๐Ÿ‡บ๐Ÿ‡ธ

So what do you think? Why is Canada in so much debt and why are we in nearly TWICE as much debt as our American counterparts?

I’d love to hear your thoughts in the comments below ๐Ÿ‘‡ ! ๐Ÿ’ฌ

And as always if you found value in this video, please give it a like โค๏ธ and a share ๐Ÿ”„ and please followย @callcorbinteamย for more great content ๐Ÿ™!

#realtorย #realestateย #bcย #vancouverย #economyย #debtย #funnyvideoย #fun
#Economyย #finance

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