Quote:
Originally Posted by Roger
Well, I've been told.
Good luck struggling with your $120k. Tough titties. If you ever want to learn how not to waste your money, try some reading comprehension yourself.
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I think he was talking about household income, and what is required to not struggle. It's a different conversation than what is required to stay out of poverty.
At this point in time the minimum what for two parents of two children in Alberta is about $75,000.
$15 x 80hours x 50 weeks = $60,000
Child care benefit = $10,000 for parents at that income 2 young kids
GST & Carbon Tax Rebates = ~$1300 for this family.
I'm not a tax expert, but I am sure there are a few other things missing.
So when you see stats like 35% of families can't afford a surprise $500 expense, they are talking about families making between $75,000 and ~$120,000. It may be very possible to survive in that range, but it seems it is very difficult to avoid money struggles, and those struggles are generally a drag on the productivity of a society.