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Canadians Doubling Back-to-School Spending

Aug 28, 2017

1 min

At the same time Canadian household debt levels are at record amounts, a new Angus Reid Poll says Canadians this year are expected to spend almost double what they spent on school supplies last year. The big reason is technology reshaping what people are buying, and also how and when they are making their purchases. Households will reportedly spend an average of $883 preparing for this year's school season, nearly twice the $450 spent last year. Nathan Sugeng and Natalie Faubert are Licensed Insolvency Trustees with Fontaine & Associates and people who help families deal with debt issues. They have advice on how to get back-to-school spending under control and are available for media interviews.


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Study Says Canadians Aren't Ready For An Economic Downturn

A new report says unprecedented household-debt levels will give Canadians a rude awakening on their unpaid credit-card bills if another economic downturn hits. We see reports like this all the time, but what does it mean for regular people? Nathan Sugeng helps people with debt issues every day and he says this is a trend that can't be ignored. He's a federally-regular Licensed Insolvency Trustee and a former bank manager. Nathan is an experienced media commentator who specializes in distilling complex information down to valuable nuggets audiences can understand, including advice on how to deal with these issues. Source:

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