Quote:
Originally Posted by GP_Matt
According to Stats Canada the Median income in 1980 in Canada was $41348 in 2005 dollars. Adjusted for inflation the median salary in 1980 was $16570 a year.
Lots of grads are making $80000 their first year out of school. A couple making $80000 a year each at the age of 22 should have no problem paying off any student loan debt and saving up to buy that $400000 house.
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My brother who works as a intermediate geologist just started making close to 80K after 5+ years of work.
No one i know who is a recent grad is making anything close to 80K a year unless they are doing fieldwork on the rigs.
For most people graduating they should be expecting to make 40-50 grand per year given the field.
To save up the 10-20% required for a DP shouldnt take that long, its the payments that are going to own you, Try telling a 1-2 year grad who makes 55K a year, that he has to spend over 1/2 of his monthly net income alone on mortgage payments. Makes it almost impossible to do.
There is a reason people are getting married/having kids at 30+ now instead of in their 20's, because its basically impossible to do.