{"id":6257,"date":"2014-12-07T19:02:18","date_gmt":"2014-12-08T03:02:18","guid":{"rendered":"http:\/\/al6400.com\/blog\/?p=6257"},"modified":"2014-12-07T19:02:18","modified_gmt":"2014-12-08T03:02:18","slug":"thinking-debt-normal-based-statistics","status":"publish","type":"post","link":"https:\/\/www.al6400.com\/blog\/thinking-debt-normal-based-statistics\/","title":{"rendered":"Thinking Debt Is Normal Based On Statistics"},"content":{"rendered":"<p>There were quite a few reports about this Equifax case study lately that evaluates how much consumer debt people in Canada have.  You can read the report at <a href=\"http:\/\/www.equifax.com\/international\/canada\/documents\/Equifax_Canadian_Consumer_Credit_Trends_Q3_2014.pdf\">http:\/\/www.equifax.com\/international\/canada\/documents\/Equifax_Canadian_Consumer_Credit_Trends_Q3_2014.pdf <\/a><\/p>\n<p>From what I gather it is emphasizing how consumer debt has grown up to a new record of $1.5 Trillion.  The interesting thing I noticed was that a lot of people would look at this in comparison with their own situation and figure since so many other people are in the same boat it\u2019s acceptable.  Example, having a $10,000 credit balance is okay where they figure they don\u2019t need to do anything about it.<\/p>\n<p>In my personal view, money statistics like these can be a way a great way to educate yourself as oppose to accepting it as a standard way of life.  No difference if I read a report that is health related that talks about weight issues for example.  Instead of saying that\u2019s just the way it has to be, I usually find statistics are a good way to show you what people in a certain category are doing to put themselves in a particular situation for you to avoid that.  Or likewise, what specific groups of people are doing to be a good financial position that you would like to be in.  Learn from it as opposed to abiding by it I say.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>There were quite a few reports about this Equifax case study lately that evaluates how much consumer debt people in Canada have. You can read the report at http:\/\/www.equifax.com\/international\/canada\/documents\/Equifax_Canadian_Consumer_Credit_Trends_Q3_2014.pdf From what I gather it is emphasizing how consumer debt has grown up to a new record of $1.5 Trillion. The interesting thing I noticed was [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":11567,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_newsletter_tier_id":0,"footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[5],"tags":[5329,297,1506,35,5954,1771],"class_list":["post-6257","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financial-management","tag-consumer-debt","tag-debt","tag-equifax","tag-finance","tag-financial-management","tag-statistics"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/www.al6400.com\/blog\/wp-content\/uploads\/2020\/06\/turnout.jpg","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p6VnHC-1CV","_links":{"self":[{"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/posts\/6257","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/comments?post=6257"}],"version-history":[{"count":1,"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/posts\/6257\/revisions"}],"predecessor-version":[{"id":6258,"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/posts\/6257\/revisions\/6258"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/media\/11567"}],"wp:attachment":[{"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/media?parent=6257"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/categories?post=6257"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/tags?post=6257"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}