Quote:
Originally Posted by KootenayFlamesFan
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.
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The #1 debt item in this country is housing. Something the government controls a fair amount of influence over. Multiple governments have let this run rampant for election reasons. In the end it screws everyone over except those receiving inheritance (oh wait government will take 50% of that, which is conflict of interest but another matter)
So to just say irresponsible spending is the reason for so many Canadians barely meeting ends is simplistic. If I was a 20 something in Vancouver or Toronto Who bought a house I probably strongly disagree my problems are my own making.
The government absolutely owns this. Not in whole but in major part. Their interests have caused huge equality problems in Canada (despite their claims to close that gap)