Debt Fever is Spreading, Will it Affect You? |

I’m sure you’ve been hearing it everywhere: debt fever is spreading… and spreading quickly. As the U.S. economy continues to dwindle, and the spread of the debt crisis diffuses in Europe, what does this mean for Canadians?

In our recent Seniors Group meeting, the ‘world’ debt crisis was brought up as a forefront international political issue. Why should we as Canadians be concerned about it anyway? Some really solid points were discussed at the meeting, including the key question of whether Canada’s economy will weaken to the extent of their counterparts. How is Canada acting to avoid this pitfall? Another one of our seniors brought up that Prime Minister, Stephen Harper’s recent activity in Latin America noting an increase in trade with bolstering economies like Brazil. Whatever the forecasted changes may be, for all money borrowers take full advantage of the current low interest rates.

I know this sound like some heavy material, but for the record, the Barbara Frum Seniors Group has open conversations about political, lifestyle and community issues. Everything from local to supranational politics, general lifestyle questions, community programs and even activities that require no thinking at all. At our meeting yesterday, we invited a local musician to perform live classical music. Seniors noted that it brought enjoyment to their lives and was a great way of “reducing stress” and opening their minds to “precious moments in the past.”

The next Seniors Group meeting is scheduled for Tuesday September 13 at 2 p.m. We’ll have more open-ended conversations about issues concerning seniors. If you know a senior that may be interested, refer them to Barbara Frum's Seniors Group.

For more information about National Debt and International affairs, check these out.

       Debtor Nation                    How the West Was Lost        Debts, Deficits and the Demise…