304 – Debt and Reasons for Optimism

A lot has changed as a result of COVID-19. There are obvious reasons for pessimism, but there are a lot of reasons to be optimistic.  For example, more people have made meaningful changes to their financial habits. Canadians are saving more and some are even able to pay off more of their debt. Many of us have also used the time to learn a new skill. With every major life transition comes positive and negative change and we are forced to adjust to a new reality. On today's podcast, Doug and Ted share social and economics reasons for why we should be optimistic about the future and explain how we can use this new reality to our advantage. Lots of great thought-provoking commentary on this episode, so tune in!   Related Links:   Dealing with the Consequences of Loan Deferrals: https://www.hoyes.com/blog/dealing-with-the-consequences-of-loan-deferrals-when-the-deferral-period-ends/ Savings, Debt & Modern Monetary Theory with Hilliard MacBeth: https://www.youtube.com/watch?v=Wx_7T6YWT8w​ Episode 290, our first COVID-19 show https://youtu.be/lWmZDLaJ63o Canadian unemployment rate https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=1410028703 Canadians applying for CERB https://www.canada.ca/en/services/benefits/ei/claims-report.html