Quote:
Originally Posted by pylon
A big part of the problem is, the current crop of kids, want a $500k home, a $50k BMW, and a vacation cottage before 30. And expect the income to support that.
|
Citation needed.
I don't know any kids who have such unrealistic expectations, except for the desire to own a home (keep in mind that a typical suburban "starter home" in Calgary costs $400k or more these days).
Quote:
|
My dad was a draftsman making about $850/mth, out of school in the late 60's, which was good entry level money then
|
No kidding that was good entry level money back then! Adjusted for inflation, $850/month in 1967 dollars equates to an annual income of ~$69,000 in 2013 dollars. I'm sure most of today's crop of recent post-secondary graduates would be lining up for a job that offered that level of compensation.