Canada's skyrocketing household debt

Household debts in Canada have sky-rocketed.

In 1990, families had debts equal to 89 per cent of their annual disposableincome. Today, it's 165 per cent.

• Debt-to-income ratio ticks up to 164.6%, StatsCan reports
• Canadian households are racking up more debt, poll suggests
• Household debt is under control in Canada, Fraser Institute says

While troubling, that's not the whole story. Watch theCBC'sJamesFitz-Morrisexplain why.