The University of Winnipeg’s Institute of Urban Studies looked at the amount of debt related to consumer purchases, not including mortgages, held by households in different parts of Winnipeg.
The results show that debt levels and bankruptcy risk do not necessarily go hand in hand.
It found households in affluent neighbourhoods like Tuxedo carry the most debt but have the lowest risk of bankruptcy.
In contrast, North End and West End neighbourhoods carry the lowest consumer debt but also have a high risk for bankruptcy.
The report is titled Living in the Red Exploring Winnipeg’s Debt-Scape.
