You can blame the Kardashians for a recent rise in insolvency claims in B.C., according to at least one expert.
Social media use can lead to overspending for some people, prompting her to offer the following advice for leading a healthy financial life: “Turn it off.” Campbell blamed a “perfect storm” of factors, including the high cost of housing, rising interest rates and increasing economic instability. She noted that the issues come at a time when people have the highest debt-to-income ratio in history.Campbell said financial health can have significant impacts on all aspects of a person’s life — from their physical and mental health to their relationships and their ability to work.
Carbon tax corelation !
Some people can not afford to declare bankruptcy. They are too broke and don't own anything.