Quote:
Originally Posted by #-3
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.
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Yeah, well, when a single parent manages to make it, because he or she chooses not to overspend on frivolous things, it dilutes the argument. That's my point. Stop whining that you can't afford a $500k detached house when it's not necessary. And STFU about 40k cars. Nothing wrong with either, but neither are necessities. Somehow, working people manage to get along without them. And somehow, people manage to go without, and then save something on top of it.
But, "ok, boomer".
Sorry I just make regular money, and manage to save.