Analysts have been chatting up a storm about how all the extra cash folks saved up is like a financial superhero cape for homeowners. Yet, a new CIBC report suggests that household savings won't be enough to save the mortgage renewers who need the most help.
Turns out, that middle-income crowd—those with mortgages—aren't exactly the saving champs you'd hope. The bank's research finds they actually have low liquidity and are vulnerable.
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