My fancy padlet by Tim Fraser https://padlet.com/tntfraser/chbx8vm5mzwo Made with the best of intentions en-us 2017-04-02 18:13:56 UTC 2017-04-04 00:34:54 UTC hello@padlet.com tntfraser https://padlet.com/tntfraser/chbx8vm5mzwo/wish/164182968 2017-04-02 18:17:33 UTC https://padlet.com/tntfraser/chbx8vm5mzwo/wish/164182968 Importance of Consumer Credit on Economy. tntfraser https://padlet.com/tntfraser/chbx8vm5mzwo/wish/164183454 By Tim Fraser]]> 2017-04-02 18:24:13 UTC https://padlet.com/tntfraser/chbx8vm5mzwo/wish/164183454 tntfraser https://padlet.com/tntfraser/chbx8vm5mzwo/wish/164184320 2017-04-02 18:34:19 UTC https://padlet.com/tntfraser/chbx8vm5mzwo/wish/164184320 tntfraser https://padlet.com/tntfraser/chbx8vm5mzwo/wish/164185489 2017-04-02 18:50:26 UTC https://padlet.com/tntfraser/chbx8vm5mzwo/wish/164185489 Mortgage and Non-Mortgage. tntfraser https://padlet.com/tntfraser/chbx8vm5mzwo/wish/164185597 We have two types of Debt  which accounts for economic growth. Residential mortgage debt includes mortgages with banks or large non-bank lenders. Non-mortgage debt includes all other types of consumer debt such as credit cards,lines of credit and personal loans.
When consumer spending grows steadily upwards, it's usually an indication of an healthy economy. It's important that consumers to keep spending as any slowdown in consumer spending will be felt throughout the economy and could possibly lead to higher unemployment rater.]]> 2017-04-02 18:51:40 UTC https://padlet.com/tntfraser/chbx8vm5mzwo/wish/164185597 Credit before Cash? tntfraser https://padlet.com/tntfraser/chbx8vm5mzwo/wish/164185638 Very seldom do I carry Cash on me. It is easier to lose in many ways and is a pain to go get it out of my financial institution so I use debit card or use credit. Cash, Debit and Credit. As cash will always be a form of payment, it is the lowest form of payment. Debit cards and mobile devices make up just over a quarter of payment methods. Just under one half of all purchases made in today market are made by means of Credit and these levels are constantly rising.]]> 2017-04-02 18:52:16 UTC https://padlet.com/tntfraser/chbx8vm5mzwo/wish/164185638 tntfraser https://padlet.com/tntfraser/chbx8vm5mzwo/wish/164186046 2017-04-02 18:57:00 UTC https://padlet.com/tntfraser/chbx8vm5mzwo/wish/164186046 Canadian household debt. tntfraser https://padlet.com/tntfraser/chbx8vm5mzwo/wish/164186139 As this maybe an advertisement it shows how the Canadian personal financial obligations has grown and is still on the rise.
If one is to borrow too much leaving little or no room in repayment , one may find themselves and family left without anything but debt.
This alone puts a struggle on our economy as little as it seems, it would add to lower spending within our economy.]]> 2017-04-02 18:57:50 UTC https://padlet.com/tntfraser/chbx8vm5mzwo/wish/164186139 tntfraser https://padlet.com/tntfraser/chbx8vm5mzwo/wish/164186425 2017-04-02 19:01:01 UTC https://padlet.com/tntfraser/chbx8vm5mzwo/wish/164186425 Where does our money go? tntfraser https://padlet.com/tntfraser/chbx8vm5mzwo/wish/164186521 We have as Canadians changed over the last fifty years on where our money goes how much harder we need to work on maintaining our economic growth as just under half goes to income tax. 
Our Tax dollars go towards keeping our credit in good standing by allowing global spending creating more credit within our county. Taxes also create employment within our country by creating work within the industrial infrastructure.


]]> 2017-04-02 19:02:17 UTC https://padlet.com/tntfraser/chbx8vm5mzwo/wish/164186521 Gross Domestic Product (GDP) tntfraser https://padlet.com/tntfraser/chbx8vm5mzwo/wish/164191069 Canada's economy has maintained a steady growth over the years even with recessions in the early 80's and again in the early 90's outputs provide products for consumers to buy, and income gives consumers power to buy them.
A healthy Labor market drives our consumer markets, supplying buyers for the market in requiring our World Trade Relations to remain strong.  
Even with changes in disposable income the marketplace has felt the repercussions.Canadian households had problems obtaining affordable housing while at the other end of the income scale, the situation is markedly different. 
The trends toward buying very large homes and increased home ownership do not reflect the reality of the housing market for many low-income consumers.
Alternative consumer credit market (e.g. payday loans) has grown significantly in Canada.  Such loans may be convenient to some but also an alternative way into the credit market.]]> 2017-04-02 19:57:44 UTC https://padlet.com/tntfraser/chbx8vm5mzwo/wish/164191069 tntfraser https://padlet.com/tntfraser/chbx8vm5mzwo/wish/164191135 2017-04-02 19:58:22 UTC https://padlet.com/tntfraser/chbx8vm5mzwo/wish/164191135 Consumer spending is an integral part of growing economy and vital to the economic growth nations worldwide. As Canadians we have a mortgage AND / OR Non mortgage debt. How does this debt allow such a change over so much? tntfraser https://padlet.com/tntfraser/chbx8vm5mzwo/wish/164191662  ]]> 2017-04-02 20:05:43 UTC https://padlet.com/tntfraser/chbx8vm5mzwo/wish/164191662 Household Debt Reaches Record High tntfraser https://padlet.com/tntfraser/chbx8vm5mzwo/wish/164207363 For every dollar we as an Canadian make we owe one dollar sixty eight cents? Many Canadian home owners have borrowed into their equity on their homes for simple things such as making improvements or taking a trip and if they are unable to pay back this credit they may be forced to sell and end up having to pay back much more than what the property is worth. This is very much dependent on the market housing market at the time. If the market becomes flooded due to economic fall, these properties will fall along with it in value causing an even harder hit on our economic credit values. ]]> 2017-04-03 00:03:02 UTC https://padlet.com/tntfraser/chbx8vm5mzwo/wish/164207363 Are we to worry? tntfraser https://padlet.com/tntfraser/chbx8vm5mzwo/wish/164218279
]]> 2017-04-03 02:16:38 UTC https://padlet.com/tntfraser/chbx8vm5mzwo/wish/164218279 Could this happen? tntfraser https://padlet.com/tntfraser/chbx8vm5mzwo/wish/164218622
]]> 2017-04-03 02:20:49 UTC https://padlet.com/tntfraser/chbx8vm5mzwo/wish/164218622 Taxes? Half my earning go to Taxes? tntfraser https://padlet.com/tntfraser/chbx8vm5mzwo/wish/164218988
]]> 2017-04-03 02:25:07 UTC https://padlet.com/tntfraser/chbx8vm5mzwo/wish/164218988 Our credit is fragile to our economy. tntfraser https://padlet.com/tntfraser/chbx8vm5mzwo/wish/164219687 Our credit now more than ever has become paramount in day to day spending to maintaining our economic growth and stability within our country and around the world. Without it the fragile structure would create a downfall of everything we have including the largest part, our homes.
It is that simple. 
When our credit drives our market spending and dictates what we can spend, we spend it! If we don't have credit we find it or create it for those which want it and in return charge more for it allowing more purchases. This alone creates more demand on supplies be it food to construction needs.
Lets just say we stopped spending and did not need that credit. Interest rates go up as lose prevention is now implemented and we are charged more on what we owe and now the costs go up on everything and so on.
I had no idea how large the credit machine really is and how large that machine was on pumping credit. How vulnerable we are to its importance of consumer credit to our economy. 

]]> 2017-04-03 02:33:36 UTC https://padlet.com/tntfraser/chbx8vm5mzwo/wish/164219687 Have you seen this yet tntfraser https://padlet.com/tntfraser/chbx8vm5mzwo/wish/164219799
]]> 2017-04-03 02:35:28 UTC https://padlet.com/tntfraser/chbx8vm5mzwo/wish/164219799 How many ways can we divide our Dollar? tntfraser https://padlet.com/tntfraser/chbx8vm5mzwo/wish/164219957


]]> 2017-04-03 02:37:44 UTC https://padlet.com/tntfraser/chbx8vm5mzwo/wish/164219957 We built this house on... tntfraser https://padlet.com/tntfraser/chbx8vm5mzwo/wish/164223258
]]> 2017-04-03 03:22:47 UTC https://padlet.com/tntfraser/chbx8vm5mzwo/wish/164223258 The importance of consumer credit on the economy tntfraser https://padlet.com/tntfraser/chbx8vm5mzwo/wish/164499267

 

What really surprised me was the fact of how much credit was being used for and how it has taken over in method of payment.


I just recently had to book hotel rooms for a function and even though I was paying in full at the time by cash, I was required to provide a credit card. The problem was that I had received a new one in the mail and because I do not use my credit much (I rather pay by debit) it was on my desk at home. 


I had to go back and activate the card and proceed with the bookings and afterwards pay the costs by debit. This says without a credit card you are basically out of business. 


On this same note, you are required a credit card for a parking lot now as the ticket machines ONLY use credit cards for payment.


When I was doing research on this I fell across this video reflecting back to 1961 and how the cost have changed since then. The amount of taxes to today’s amount was shocking as to everyday household spending. It makes me wonder why it has changed so much. 


In all, it all seems to dwell around the housing market as it is the largest price tag held over a much longer period of time. The fragility of the market and our spending habits and or allowances could falter the whole system if we were to just stay at home and penny pinch.

]]> 2017-04-04 00:29:50 UTC https://padlet.com/tntfraser/chbx8vm5mzwo/wish/164499267