Calgarypuck Forums - The Unofficial Calgary Flames Fan Community - View Single Post - Canadians 'drowning in debt': 47% will borrow to cover costs, survey says

FireGilbert · 10-28-2019, 06:15 PM

Wages have stagnated, the cost of living is increasing, and interest rates are at historic lows. Can't say I'm surprised people are taking on debt.

Can we please stop with the generational stereotyping? Kids these days are not better or worse at saving than their parents were. The older generations spent more on optional things like music, smokes, and alcohol while the younger generations spend more on the necessities of life such as rent and education. Looking at what wages, house prices, and interest rates were 40 years ago it was easier to save enough to buy a house or have a nest egg.

Oh and you NEED a phone with a data plan to exist in today's society. It's not something you can budget out to save money.

10-28-2019, 06:15 PM	#17
FireGilbert Franchise Player Join Date: Sep 2013 Location: Brisbane Exp:	Wages have stagnated, the cost of living is increasing, and interest rates are at historic lows. Can't say I'm surprised people are taking on debt. Can we please stop with the generational stereotyping? Kids these days are not better or worse at saving than their parents were. The older generations spent more on optional things like music, smokes, and alcohol while the younger generations spend more on the necessities of life such as rent and education. Looking at what wages, house prices, and interest rates were 40 years ago it was easier to save enough to buy a house or have a nest egg. Oh and you NEED a phone with a data plan to exist in today's society. It's not something you can budget out to save money. __________________ The masses of humanity have always had to surf.