I saw the Central Bank again noting
weakness in consumer demand reflects the weak trend in disposable incomes.
Well 25-45 year olds should be responsible for a huge chunk of discretionary spending. However we well know that loads of those loonies maxed out for the highest mortgages. WIth overtime, automatic salarly raises & bonuses vanishing: these people are trapped.
I suspect that this will be a 15-15 year dampener on our recovery - is there any data source / survey to show how bad the situation might be ?