I saw that... that's bad news... Four in Ten are retiring with debt.. that's just wrong.. they'll be working until they die.

IMO... this is a generational thing... people will keep doing it until they learn the hard way... I agree that people need to pay off their debts.. quit living beyond their means.

One of the things that keeps people in debt is that they keep up grading their housing. I heard a statistic that families move on average every five years. If they would keep to their original house they would have it paid off and they wouldn't incur larger mortgages every five years.

That is one of the key problems. People moving every five years is what's causing alot of the housing inflation... needing a bigger house.. that's just wrong.

Yes I want Canadians to be happy and debt free and want them to wake up and realize we are getting sucked in by the banks and credit card companies. I don't want to see anyone in this situation when they retire at the link listed below.

http://www.ctv.ca/servlet/ArticleNews/story/CTVNews/20100426/debt_retirement_100426/20100426?hub=TopStoriesV2

Yes I want Canadians to be happy and debt free and want them to wake up and realize we are getting sucked in by the banks and credit card companies. I don't want Canadians to be in this situation when they retire as it states in this article listed below.

http://www.ctv.ca/servlet/ArticleNews/story/CTVNews/20100426/debt_retirement_100426/20100426?hub=TopStoriesV2

didn't we have this conversation a few weeks ago? lol..

you must really want all canadians to be debt free!!

There is more fraud going on today electronically then the cheque days. With today’s technology they can make cheques a lot harder to forge.

Back in those days, everyone could pay for ANYTHING with a cheque. A cheque was taken on the honor system, unfortunately it was too easy to forge someone elses cheque. Ever see the movie "Catch me if you can"? It was too easy for con men to get away with.

It’s time that every Canadian should get rid of all credit cards and debits cards and start using cash again and you will see Canadians much happier and would have savings again within a few years. The only thing you could get in the sixties and seventies I believe was a mortage, line of credit for your business and personal loans.