{"id":5677,"date":"2015-05-11T08:30:09","date_gmt":"2015-05-11T15:30:09","guid":{"rendered":"https:\/\/www.sands-trustee.com\/?p=5677"},"modified":"2021-03-23T11:43:38","modified_gmt":"2021-03-23T18:43:38","slug":"joe-debtor-2015-study-findings","status":"publish","type":"post","link":"https:\/\/www.sands-trustee.com\/blog\/joe-debtor-2015-study-findings\/","title":{"rendered":"Joe Debtor: 2015 Study Findings"},"content":{"rendered":"<p>Ontario Trustees <a href=\"http:\/\/www.hoyes.com\/\">Hoyes Michalos<\/a>\u00a0recently released\u00a0their 2015 \u201cJoe Debtor\u201d study, exposing concerning trends for those financially at-risk and examining why and how Canadians face economic distress.<\/p>\n<p>Some encouraging figures emerged from the 2015 Joe Debtor study, such as a decrease in the average number of credit cards and credit card debt amounts insolvent debtors carried.<\/p>\n<p>Conversely, the instance of fast instalment loans increased five-fold and the percentage of individuals carrying payday loans also rose.\u00a0 Single parents, individuals carrying student debts and Canadians over the age of 50 were found to be the most at-risk groups facing insolvency.\u00a0 According to the study, a typical insolvent debtor carries a staggering $56,545 of unsecured debt.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-5678\" src=\"https:\/\/www.sands-trustee.com\/wp-content\/uploads\/2015\/05\/who-is-joe-debtor-study-infographic-2015.jpg\" alt=\"How are Canadians Handling Debt Infographic\" width=\"550\" height=\"2584\" srcset=\"https:\/\/www.sands-trustee.com\/wp-content\/uploads\/2015\/05\/who-is-joe-debtor-study-infographic-2015.jpg 1400w, https:\/\/www.sands-trustee.com\/wp-content\/uploads\/2015\/05\/who-is-joe-debtor-study-infographic-2015-64x300.jpg 64w, https:\/\/www.sands-trustee.com\/wp-content\/uploads\/2015\/05\/who-is-joe-debtor-study-infographic-2015-218x1024.jpg 218w, https:\/\/www.sands-trustee.com\/wp-content\/uploads\/2015\/05\/who-is-joe-debtor-study-infographic-2015-20x93.jpg 20w, https:\/\/www.sands-trustee.com\/wp-content\/uploads\/2015\/05\/who-is-joe-debtor-study-infographic-2015-624x2931.jpg 624w\" sizes=\"auto, (max-width: 550px) 100vw, 550px\" \/><\/p>\n<p>To read the full 2015 Joe Debtor study please <a href=\"http:\/\/www.hoyes.com\/press\/joe-debtor\/\">click here<\/a>.<\/p>\n<p><em>To arrange a free, <a href=\"https:\/\/www.sands-trustee.com\/free-debt-consultation\/\">confidential consultation<\/a> regarding your debt management options, please <a href=\"https:\/\/www.sands-trustee.com\/downloads\/\">contact us<\/a>.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ontario Trustees Hoyes Michalos\u00a0recently released\u00a0their 2015 \u201cJoe Debtor\u201d study, exposing concerning trends for those financially at-risk and examining why and how Canadians face economic distress. Some encouraging figures emerged from the 2015 Joe Debtor study, such as a decrease in the average number of credit cards and credit card debt amounts insolvent debtors carried. Conversely, [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":6412,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","footnotes":""},"categories":[261,260],"tags":[172,39,173,37,117,120,50,106,70,35],"class_list":["post-5677","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-debt-free-living","category-in-the-media","tag-bankruptcy","tag-bankruptcy-trustees","tag-consumer-proposal","tag-consumer-proposals","tag-credit-counselling","tag-credit-counsellor","tag-debt","tag-debt-study","tag-financial-stress","tag-sands-associates"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.3 (Yoast SEO v26.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Joe Debtor: 2015 Study Findings - Sands &amp; Associates<\/title>\n<meta name=\"description\" content=\"Learn about Ontario Trustees Hoyes Michalos&#039; &quot;Joe Debtor&quot; study, exposing trends for those financially at-risk and examining Canadians&#039; economic distress.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.sands-trustee.com\/blog\/joe-debtor-2015-study-findings\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Joe Debtor: 2015 Study Findings\" \/>\n<meta property=\"og:description\" content=\"Learn about Ontario Trustees Hoyes Michalos&#039; &quot;Joe Debtor&quot; study, exposing trends for those financially at-risk and examining Canadians&#039; economic distress.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.sands-trustee.com\/blog\/joe-debtor-2015-study-findings\/\" \/>\n<meta property=\"og:site_name\" content=\"Sands &amp; Associates\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/SandsAssociates\" \/>\n<meta property=\"article:published_time\" content=\"2015-05-11T15:30:09+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-03-23T18:43:38+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.sands-trustee.com\/wp-content\/uploads\/2016\/04\/NEWS.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"960\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Blair Mantin\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Blair Mantin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.sands-trustee.com\/blog\/joe-debtor-2015-study-findings\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.sands-trustee.com\/blog\/joe-debtor-2015-study-findings\/\"},\"author\":{\"name\":\"Blair Mantin\",\"@id\":\"https:\/\/www.sands-trustee.com\/#\/schema\/person\/bce0833a5a7c2b89498e7d357aa214bf\"},\"headline\":\"Joe Debtor: 2015 Study Findings\",\"datePublished\":\"2015-05-11T15:30:09+00:00\",\"dateModified\":\"2021-03-23T18:43:38+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.sands-trustee.com\/blog\/joe-debtor-2015-study-findings\/\"},\"wordCount\":137,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.sands-trustee.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.sands-trustee.com\/blog\/joe-debtor-2015-study-findings\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.sands-trustee.com\/wp-content\/uploads\/2016\/04\/NEWS.jpg\",\"keywords\":[\"Bankruptcy\",\"Bankruptcy Trustees\",\"Consumer Proposal\",\"Consumer Proposals\",\"Credit Counselling\",\"Credit Counsellor\",\"Debt\",\"Debt Study\",\"Financial Stress\",\"Sands &amp; Associates\"],\"articleSection\":[\"Debt-Free Living\",\"In the Media\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.sands-trustee.com\/blog\/joe-debtor-2015-study-findings\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.sands-trustee.com\/blog\/joe-debtor-2015-study-findings\/\",\"url\":\"https:\/\/www.sands-trustee.com\/blog\/joe-debtor-2015-study-findings\/\",\"name\":\"Joe Debtor: 2015 Study Findings - 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