But is debt really that bad? Isn't it part of the natural cycle of economics to owe money and pay it off? Unlike our friends in Greece or Spain, Canadians have been listening to the economic reports and are taking measures.
Canadians aren't putting their heads in the sand when it comes to what is owed, in fact ..."Canadians are focused on reducing their debts amid warnings about rising household debt." In fact, 49 per cent of Canucks have put down a lump payment in 2012 to help reduce their debt says CIBC.
So what else can we do to cut the debt?