Quote:
Originally Posted by Azure
Not actually pointing fingers, just saying that if 50% of the population who are not living paycheck to paycheck, it could be because they have no mortgage.
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Part of the problem is, what does that even mean? In the same poll, 60% of respondents said their personal finances were "good" or "very good", which is pretty tough to reconcile with 47% effectively saying they have zero money (at least by my understanding of that term).
It's similar to the "50% of Canadians are $200 away from insolvency" at the same time as the median household having a $350K net worth and insolvencies barely budgeting despite high inflation creating tons of unexpected expenses for people.