What’s Dragging British Columbians into Debt? New Study Has Some Answers

The 2020 BC Consumer Debt Study polled over 1,800 consumers across BC who declared bankruptcy or consolidated debt using a Consumer Proposal. In addition to individuals’ debt levels and demographics, the study explores causes of debt and sheds light on debt-stress impacts faced by British Columbians during personal financial crises. Additionally, this year’s study highlights the COVID-19 pandemic’s role in consumer debt issues in the province to date.