Economic Pressures Could Impact Credit Performance of Consumers, Especially Young Adults

– Financial Challenges May be Driving Rise in Multigenerational Living – Equifax Canada Market Pulse Quarterly Consumer Credit Trends Report TORONTO, Aug. 27, 2024 (GLOBE NEWSWIRE) -- Consumer debt levels rose to $2.5 trillion in the second quarter of 2024, marking a 4.2 per cent increase since Q2 2023, according to the latest Market Pulse Consumer Credit Trends and Insights Report from Equifax® Canada. Credit cards continued to be the primary driver of rising debt with outstanding balances reaching$122 bi ...