<?xml version="1.0" encoding="UTF-8"?>
<data>
<terms url="https://www.bankofcanada.ca/terms/"></terms>
<groupDetail>
    <label>The share of highly indebted households in 2021 is on track to surpass pre-pandemic highs</label>
    <description><![CDATA[Share of indebted households with a debt-to-income ratio greater than 350%

Indebted households represented 62% of all households in 2019.

Statistics Canada and Bank of Canada calculations]]></description>
    <link>https://www.bankofcanada.ca/?p=226998</link>
</groupDetail>
<seriesDetail>
<series id="FSR_2022_C6_S1">
<label>Share of indebted households with a debt-to-income ratio greater than 350%</label>
<description></description>
<dimension key="k" name="Category"/>
</series>
</seriesDetail>
<observations>
<o k="From Statistics Canada’s Survey of Financial Security_1999"><v s="FSR_2022_C6_S1">6.5</v></o>
<o k="From Statistics Canada’s Survey of Financial Security_2005"><v s="FSR_2022_C6_S1">8.4</v></o>
<o k="From Statistics Canada’s Survey of Financial Security_2012"><v s="FSR_2022_C6_S1">14.6</v></o>
<o k="From Statistics Canada’s Survey of Financial Security_2016"><v s="FSR_2022_C6_S1">15.8</v></o>
<o k="From Statistics Canada’s Survey of Financial Security_2019"><v s="FSR_2022_C6_S1">15.9</v></o>
<o k="From simulations of household indebtedness performed by the Bank of Canada_2020"><v s="FSR_2022_C6_S1">16.8</v></o>
<o k="From simulations of household indebtedness performed by the Bank of Canada_2021"><v s="FSR_2022_C6_S1">18.7</v></o>
</observations>
</data>