Retirement? More Like Debt Slavery For Life. Home Equity Borrowers In Trouble
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The standard of living in Canada is plummeting. For most people retirement doesn't exist as people need to get second jobs in order to meet their debt obligations. Many seniors have borrowed from their home equity and done reverse mortgages to cannibalize their home equity and unrealized real estate gains. It seems like debt slavery is for life. The Canadian dream is over.
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