Quote:
Originally Posted by CliffFletcher
If our middle-class spend most of their money on essentials, what does that say about the 90 per cent of the planet who have lower - much lower - material standards of living?
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It means the cost of many of the things that are deemed essential like housing are vastly inflated compared to their actual worth or that wages aren't keeping pace with the cost of living (or both).
Anyone who bought a house in Calgary in the 90s is laughing their asses off right now, but is a house in Brentwood or Inglewood really twice as valuable as it was then or are market forces conspiring against the average wage earner?