Calgarypuck Forums - The Unofficial Calgary Flames Fan Community - View Single Post - More than half of Canadians living paycheque to paycheque

Cecil Terwilliger · 09-08-2011, 11:02 AM

I think a large part of it is the idea that at people aged 22-26, fresh out of school, think they can immediately live like their parents do.

2000sq ft house, nice car, trips all the time etc.

I was just speaking to someone the other day who's in an entry level type position like me, fresh out of Uni and they drive a Beemer which they pay $500 a month for and have a $400k mtg.

My cheap Nissan is paid off and I have a $200k mtg and we make about the same amount of money. And the guy wonders why he's having a tough time making ends meet.

For the people who will retire later than they thought, I blame it on living beyond their means. So few people have any type of proper retirement savings. CPP is not going to be enough to live off of in 20-50 years, in fact it may not even be there anymore.

09-08-2011, 11:02 AM	#2
Cecil Terwilliger That Crazy Guy at the Bus Stop Join Date: Jun 2010 Location: Springfield Penitentiary Exp:	I think a large part of it is the idea that at people aged 22-26, fresh out of school, think they can immediately live like their parents do. 2000sq ft house, nice car, trips all the time etc. I was just speaking to someone the other day who's in an entry level type position like me, fresh out of Uni and they drive a Beemer which they pay $500 a month for and have a $400k mtg. My cheap Nissan is paid off and I have a $200k mtg and we make about the same amount of money. And the guy wonders why he's having a tough time making ends meet. For the people who will retire later than they thought, I blame it on living beyond their means. So few people have any type of proper retirement savings. CPP is not going to be enough to live off of in 20-50 years, in fact it may not even be there anymore.