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Debt Nation: Personal Finances in Crisis

In this video, students will learn that Canada is a nation of debt. Today, Canadians owe more than $801 billion. Personal bankruptcies are at a record high and there are over 74 million credit cards. Students often graduate with an accumulated debt of $25,000 or more. In this video, three families, who live on credit and pay huge amounts of interest, share their stories.


 

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