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On this page you will find information about BC Consumer Debt Studies conducted by Sands & Associates, BC’s largest firm of Licensed Insolvency Trustees. Thanks to the findings from our BC Consumer Debt Studies, we have gained important insight into how BC residents not only manage their debt, but also how debt impacts their daily lives.

As award-winning leaders in debt management, we have helped thousands of individuals achieve a financial fresh start. Our clients represent all cultures, occupations, ages and income levels. We pride ourselves on understanding the unique financial situation of each of our clients, and strive to continue to deliver outstanding service and support.

Each debt study provides an in-depth look at consumer debt levels and the reported causes of financial difficulties, with a special additional area of focus each year.

Eleventh Annual Debt Study conducted by Sands & Associates 

Click here to read the full report in PDF format.
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Click here to read the press release.

Sands & Associates’ 2023 BC Consumer Debt Study explores how costs of living in the province contribute to consumers’ high-interest debt as well as:

  • The impacts of financial problems on individuals
  • Long-term shifts in consumer debt levels and debt solutions

Tenth Annual Debt Study conducted by Sands & Associates 

Click here to read the full report in PDF format. 
Click here to view the infographic.
Click here to read the press release.

Sands & Associates’ 2022 BC Consumer Debt Study highlights common causes of problem debt for individuals and circumstances surrounding consumer debt issues in the province, as well as:

  • The wide effects problem debt had on people
  • How the experience of resolving debt impacted financial attitudes and daily life

Ninth Annual Debt Study conducted by Sands & Associates

Click here to read the full report in PDF format.
Click here to view the infographic.
Click here to read the press release.

Sands & Associates’ 2021 BC Consumer Debt Study invites readers to better understand the experiences of consumers struggling with debt, and their journey through to debt-free. This year’s study also highlights:

  • Impacts of debt-stress on wellbeing and mental health
  • Trends in credit use and causes of problem debt

Eighth Annual Debt Study conducted by Sands & Associates

Sands & Associates BC Consumer Debt Study ReleasedClick here to read the full report in PDF format.
Click here to view the infographic.
Click here to read the press release.

2020’s BC Consumer Debt Study provides invaluable observations surrounding:

  • How the COVID-19 pandemic impacted consumer debt in 2020
  • Causes and circumstances commonly faced during a personal financial crisis
  • The effects of dealing with a debt problem and debt-stress
  • Contrasting financial outlook and attitudes before and after receiving professional debt help

Seventh Annual Debt Study conducted by Sands & Associates

2019 BC Consumer Debt Study
Click here to read the full report in PDF format.

Click here to view the infographic.
Click here to read the press release.

Our 2019 BC Consumer Debt Study offers insight on:

  • Types of debt, income, housing and credit ratings of respondents at the time they started their debt relief process
  • Emotional and physical impacts of being in debt
  • What caused respondents to delay seeking debt help
  • Advice from consumers who made a Consumer Proposal or filed personal bankruptcy

Sixth Annual Debt Study conducted by Sands & Associates

In our 2018 BC Consumer Debt Study, you’ll learn more about:

  • Top indicators of debt problems
  • Four Real Life Debt Stories

Click here to read the full report in PDF format.

Fifth Annual Debt Study conducted by Sands & Associates

In our 2017 BC Consumer Debt Study, you’ll learn more about:

  • The psychological impact debt had on consumers
  • Physical impacts respondents suffered, because of being in debt

Click here to read the full report in PDF format.
Click here to view the infographic.
Click here to read the press release.
Click below to see media coverage:

Fourth Annual Debt Study conducted by Sands & Associates

Sands & Associates’ 2016 BC Consumer Debt Study provides insight into:

  • Payday loan usage in BC
  • Housing costs impacting in-debt consumers

Click here to read the full report in PDF format.
Click here to view the infographic.
Click here to read the press release.

Click below to see media coverage:

Third Annual Debt Study conducted by Sands & Associates

The 2014 BC Consumer Debt Study sheds light on:

  • Financial literacy among study respondents
  • Levels of general consumer knowledge about debt restructuring options
  • Fees paid by BC consumers for non-legislated debt consultations

Click here to read the full report in PDF format.
Click here to view the infographic.
Click here to read the press release.

Click below to see media coverage:

Second Annual Debt Study conducted by Sands & Associates

2013’s BC Consumer Debt Study gives readers more information about:

  • Life events that respondents felt they had to put on hold because of debt-levels
  • The correlation between supporting dependents and debt-levels
  • How debt impacts BC consumers’ ability to retire

Click here to read the full report in PDF format.
Click here to view the infographic.
Click here to read the press release.

Click below to see media coverage:

 

First Annual Debt Study conducted by Sands & Associates

The first BC Consumer Debt Study undertaken by Sands & Associates shares:

  • The financial outlook of consumers before and after filing a Personal Bankruptcy
  • An indebted consumer’s perspective before and after filing a Consumer Proposal
  • Ways study participants tried to get out of debt

Click here to read the full report in PDF format.
Click here to view the infographic.
Click here to read the press release.

BC Student Finances Study conducted by Sands & Associates

With student loan debt a major concern for many British Columbians, Sands & Associates undertook the BC Student Finances Study to gain further insight into the graduate debt levels, financial habits and financial knowledge of the province’s students. The results of Sands & Associates’ BC Student Finances Study reflect:

  • Student lifestyles and financial models
  • Financial expectations of students, post-graduation
  • Anticipated debt repayment for students

Click here to read the full report in PDF format.
Click here to read the press release.
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