This is the biggest threat to the economy, more than housing. Household debts are caused by too much immigration and foreign labor. Because unless the government helps pay-down household debts, the only other way is for people to make money, principally employment income, to pay the debts down. So it's very clear, when current available jobs aren't going to current citizens, Canadians can't pay off household debts. And when we hear think-tanks who are more concerned with the private sector, sounding alarm, we know the situation is worse than people realize, for years now! Consumers are the biggest spenders, more than government and businesses combined, if you don't have money changing hands there is no economy, consumers are the biggest drivers of aggregate demand and thus GDP growth. Decreasing immigration and foreign labor supply, is what needs to be done, so job vacancy stays above 3.5%+ nothing else matters. Picket in front of MP offices about changing policy, to benefit Canadians!