Quote:
Originally Posted by flamesfever
How do you all (we) know that's not something PP wants?
The economy is getting worse with each rise in interest rates.
Nearly one in four homeowners feel that they many need to sell their home if interest rates continue to rise.
Nearly 50% of Canadians are living paycheck to paycheck
Almost 2/3 of young Canadian non-owners have given up on ever owning a home
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I'd like to see some more data concerning this claim. I've seen it before, but not sure if it's because it's self-inflicted.
I have a co-worker that makes enough money where he should live comfortably. But he and his wife spend money like drunken sailors, make terrible decisions buying large items that they shouldn't. Max out their credit cards purchasing things online just because they are on sale and a great deal.
I think a lot of our society spends far beyond their means, hence, they have to live paycheck to paycheck. Not because they can't find jobs or can only find low paying jobs, but rather because they are so horrible managing their money. I'm not going to pin that one on our government.