Young adults and renters are feeling squeezed as Manitobans increasingly miss credit card payments, new Equifax Canada data show.
The credit reporting agency tracked a six per cent year-over-year increase in missed payments in the July through September period.
Meantime, Manitobans’ average non-mortgage debt is rising: the number jumped three per cent year-over-year to $18,635.
However, Manitobans still carry the least non-mortgage debt among their Canadian counterparts.
“Based on this information, it seems like younger people are feeling a lot of financial stress,” said Chi Liao, a University of Manitoba professor who studies household finances.
She reviewed the Equifax data, reading the firm’s notes on younger shoppers and renters.
Nationally, one in 20 Canadians ages 18 to 35 miss

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