With another poll coming out warning how indebted Canadian are, and the personal and national risks of carrying so much debt, I’m glad that I spent so much time (and money!) last year shedding my consumer debts. I’m not looking forward to increases to student loan carrying costs but they’re manageable and won’t risk my quality of life. But I was in a privileged situation: I really don’t know what society is going to have to do to help people who have accumulated far too much debt, though increasing the borrowing costs might at least disincentivized people from accumulating large quantities of new debt.