👉A TransUnion report reveals an increase in Canadians paying only the minimum on their credit cards, up to 1.3% from last year, due to rising living costs and higher interest rates. Matthew Fabian of TransUnion Canada highlights that inflation is pushing more people, including millennials and Gen Z, to rely on credit cards and personal loans. The report shows total consumer debt at $2.38 trillion in Q1 2024, slightly down from a record $2.4 trillion in Q4 2023. The number of Canadians with credit products rose 3.75%, driven mainly by newcomers, with millennials holding the largest debt share and Gen Z's debt surging 30%.✅ . 𝐁𝐞𝐬𝐭 𝐈𝐧𝐝𝐢𝐚-𝐂𝐚𝐧𝐚𝐝𝐚 𝐟𝐥𝐢𝐠𝐡𝐭 𝐝𝐞𝐚𝐥𝐬 𝐚𝐰𝐚𝐢𝐭! 𝐑𝐚𝐡𝐦𝐚𝐧 𝐓𝐫𝐚𝐯𝐞𝐥 𝐒𝐞𝐫𝐯𝐢𝐜𝐞𝐬 (𝟔𝟒𝟕) 𝟖𝟖𝟗-𝟐𝟕𝟕𝟔, 𝟗𝟎𝟓-𝟒𝟏𝟐-𝟐𝟕𝟖𝟕 𝐬𝐚𝐥𝐞𝐬@𝐫𝐚𝐡𝐦𝐚𝐧𝐭𝐫𝐚𝐯𝐞𝐥𝐬𝐞𝐫𝐯𝐢𝐜𝐞𝐬.𝐜𝐨𝐦 @rahmantravelservices . . #CreditCardDebt #TransUnionReport #CanadianEconomy #InflationImpact #MillennialDebt #GenZDebt #ConsumerDebt #mnm #malayalisnearmeapp #canadaupdate #canadanews