Younger Canadians Missing Payments on Credit Products: Equifax

Credit cards are shown in this file photo on Oct. 6, 2022. The Canadian Press/Andrew Vaughan

An Equifax Canada report says missed credit payments were higher among younger Canadians in the second quarter due to living costs and unemployment.

Equifax says one in every 17 Canadians aged 26-35 missed a credit payment, compared with one in 23 overall.