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Crushing Debt: Why Canadians Should Drop Everything and Pay Off Debt
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Crushing Debt: Why Canadians Should Drop Everything and Pay Off Debt

3.22  ·  Rating Details ·  27 Ratings  ·  6 Reviews
As the majority of Canadians are now spending much more than they make, their debt levels are reaching crisis proportions. Excluding mortgage debt, the average Canadian owes over $25,000 in consumer debt, which poses massive risks not only for the individuals carrying that financial load, but for our entire financial system. In Crushing Debt, bestselling author David Traha ...more
Paperback, 160 pages
Published November 1st 2011 by Wiley (first published October 31st 2011)
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Aly Mawji
Sep 28, 2016 Aly Mawji rated it it was amazing
Mr. Trahair's book deals with the rising personal debt situation in Canada. At time of writing, the average debt to income ratio in Canada was 148.1%, a higher ratio than in the U.S. for the first time in many years. Trahair explains the causes of high personal debt including a consumerist culture, easy credit and low interest rates. He offers a choice of four principal ways to overcome high personal debt: paying off your debt through savings, a debt management program provided by a credit couns ...more
Jan 11, 2012 Alison rated it liked it
Not my favourite book about debt out there, but it was an easy and quick read. There are good tips in there for getting out of debt, but other books I've read have much more practical advice. I'm trying to remember what it said, to be honest, and I'm coming up blank other than the fact that he's advising Canadians to get out of debt (obviously).
Dec 31, 2013 Heather rated it really liked it
Really clear and concise on economic issues that could be very confusing when explained by other people; the author renewed my motivation to clear off my student debts quickly and move onto other things that are more fun, like saving for a car
Dec 08, 2013 Sarah rated it really liked it
Short and sweet, this was a great introduction to debt at international, national, and personal levels, with a particular focus on the Canadian situation. Well worth a read.
James Piper
Jul 13, 2012 James Piper rated it really liked it
Some useful advice for Canadians who have debt problems.
Patrick Ireland
Fantastic! Great advice for Canadians.
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