Debt is just one measure of comparison. Many 20-30 somethings in Calgary have $400-500k mortgage, car payment, student loans, lower relative income, etc.... but they also get to live longer, high-speed internet, cell phones, global communication, cheap stuff from China, accessibility to any products they want, infinite access to information, more geopolitical stability, better environmental stewardship, better work-life balance, yearly vacations around the globe, miniscule chance of being drafted to a war, 10,000 years of music/video/books on a handheld device....
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