A comparative study shows that poverty in Canada is on a relative decline. This is good news for consumers and businesses alike and is a clear indication that the government is doing what needs to be done to improve the quality of life for each and every Canadian citizen. However, a spike in economic prosperity and the decline of poverty is just the first step towards financial freedom for everyone. Reality is, that more and more Canadians spend more per month than their take home pay. This is probably attributed to the increase in credit cards, debit cards, and online payment processors. However, this is not an excuse, the bottom line is that these financial tools were made for the benefit of consumers and not to overburden the same with debt. … Read entire article »