Payday loans are a fairly recent occurrence here. The people who take out these loans are often young couples, young people whose mortgage is well above their payment capability. They are between 25 and 40 years old and they are heavily in debt. They are the ones who will slide down the spiral. These young people are our future politicians. They are our future. It is not too late to do something.
Currently, we believe that we are living through a crisis, or some kind of misunderstanding—we no longer know exactly what to call it—but I believe that this is not very serious as compared to what the future holds in store for this heavily indebted generation. Many people cannot get jobs at this time, but these young people often work for 40, 50 or 60 hours a week to pay back their debts. They have small families, but I cannot say that they are enjoying a marvellous standard of living. They have large budgets, they could take part in leisure activities, but they do not have the time for that. With regard to quality of life, I believe that it is important to mention people who have low or modest incomes, but nevertheless, the labour force in our provinces also includes these young people aged 25 to 40.
We will have to adopt a long-term approach regarding these people who borrow far too much.