Drowning in Debt: How the Canadian Dream Became a Nightmare of Financial Slavery

The Canadian Dream is dead. It has been replaced by a waking nightmare of perpetual debt. A shocking new report reveals that Canadians are now carrying one of the highest levels of household debt in the developed world, a crushing burden that has turned millions of us into modern-day serfs, shackled to the banks and credit card companies. This isn't a story of financial irresponsibility; it's the story of a system designed to entrap you.

How did we get here? For decades, our wages have stagnated while the cost of everything—housing, education, food, transportation—has soared. The only way to maintain a middle-class lifestyle was to borrow. The government and the banks actively encouraged it, pushing cheap mortgages and ever-increasing credit limits. They sold us a dream funded by debt, knowing full well that a population drowning in monthly payments is a population too desperate and exhausted to fight back.

Now, with interest rates soaring and a recession looming, the trap is snapping shut. People are using credit cards to pay for groceries, taking out lines of credit to make their mortgage payments, and falling further behind every single month. This isn't an economy; it's a debt-harvesting machine. It's a system of financial slavery where you work your entire life not to build wealth for your family, but to pay interest to the financial institutions that own you. The dream is over. The bill is due.