News Releases

BMO survey: students optimistic their school-related debt load will be manageable once they graduate

- 70 per cent of students have summer jobs this year

- 61 per cent of post-secondary students who have jobs believe their summer earnings will cover their day to day expenses while at school

- 59 per cent say they'll owe less than $10,000 or nothing at all when they graduate

- Household credit market debt climbed to an all-time high of $1.524 trillion in Q1

- While debt accumulation is slowing, current trends are unsustainable in the long run

- BMO survey shows one in three Canadians are living at or beyond their means, with 27 per cent living paycheque to paycheque a 10 point increase over last year

- Compared to last year, more Canadians are living at or beyond their means (32 per cent vs. 20 per cent)

- More than one-quarter (27 per cent) are living paycheque to paycheque compared to 16 per cent in 2010

- BMO offers tips and advice to help manage household finances and pay down debt faster