Financial Security and Debt in Atlantic Canada

The wealth gap is widening in Atlantic Canada, and one-quarter of households would not be able to pay off their debts if they sold every asset they owned, according to a report released yesterday.

The poorest households in Atlantic Canada are dropping into an ever-deepening financial hole, according to a report released Thursday.

There are 77,000 households in Atlantic Canada whose debts exceed their assets, a sign of the growing gap between the rich and poor, says a new report by GPI Atlantic.

A new study on household debt, financial security and the wealth gap in Atlantic Canada suggests things have grown worse for the region's poor over the past decade.