Feeling maxed out? Smothered by a growing burden of credit card payments, loans, mortgages and other debts?
You are not alone. The average Canadian is shouldering a personal debt load greater than their total yearly net income. Never before in history have so many people been in so much debt to large corporations, and our debt load is mounting daily.
DEBT TRAP examines why the average Canadian is sinking deeper in hock, by looking at the stories of several individuals and families who are struggling with debt. Sobering, ironic, and enlightening, the film probes the reasons why more and more of us are struggling to keep afloat, and what needs to be done to turn this trend around.