Liberal (Minority/Majority) Government 2025 - ???

[Brad Sallows]

Take the average income number for the year I mentioned and put it in the inflation calculator. Thats where I get my numbers.

Sure. I'll stick with the Statscan numbers for medians.

There is one aspect, only, in which "younger generations" are at a disadvantage. Home prices. Everything else is gravy. Tech has never been more advanced; availability of consumer goods has never been more widespread; and right now, all kinds of employment opportunities exist. "We need more people working in X" has practically become the national motto.

 

[Brad Sallows]

Bit of a side track but germane. The advantage of a company pension is that the company extracts that 50 bucks I mentioned before it is paid out thus producing a forced savings. Yes it is part of the total pay package but the majority of people spend according to their take home and there is nothing left at the end. Our education system should be teaching money management as a compulsory course in H.S. with a thorough explanation of savings and self-administered pension plans. Whilst the illustrated paragraph is a great idea, for many people it is an impossibility given COL. and even for those whose budget would allow such investment it is a very disciplined individual who can actually do it.

Sure, I know the advantage of "forced savings". People have known the fable of the grasshopper and the ant, or some variation, probably since pre-recorded times. Inability to onboard that, even in an age of plenty, is why we have OAS.

 

[Eaglelord17]

Sure. I'll stick with the Statscan numbers for medians.

There is one aspect, only, in which "younger generations" are at a disadvantage. Home prices. Everything else is gravy. Tech has never been more advanced; availability of consumer goods has never been more widespread; and right now, all kinds of employment opportunities exist. "We need more people working in X" has practically become the national motto.

Ahh yes the main thing you need to survive has gone up dramatically but I am going to discount that because it doesn’t suit my narrative.

The apartment I rented in 2014 was 860$ a month. That same apartment today is 2k a month. Wages haven’t doubled. Cars are more expensive, food is more expensive. Yeah sure your not paying 300$ for cable but that doesn’t mean much when you struggle to pay for the basics.

 

[captloadie]

Ahh yes the main thing you need to survive has gone up dramatically but I am going to discount that because it doesn’t suit my narrative.

The apartment I rented in 2014 was 860$ a month. That same apartment today is 2k a month. Wages haven’t doubled. Cars are more expensive, food is more expensive. Yeah sure your not paying 300$ for cable but that doesn’t mean much when you struggle to pay for the basics.

The greatest issue about affordability for young people is that they believe it is their right to have work/life balance right out of high school, and to have the same life they had when living with their parents. Very few understand what hardship is until its too late. Do you know who can afford their own houses these days in their early thirties? Individuals who work six and seven days a week and multiple jobs and save that money up. Not those who live at home, work 35-40 hours a week and then spend all their money on vacations, weekends away, Starbucks, and wine nights.

Oh, and the other group that can afford housing. Immigrant families where all eight family members work whatever jobs they can get for as many hours as possible, and pool their earnings. And when they have enough saved up, they buy a local business and run it successfully. And then purchase the next one, and so on, creating employment for the ever growing family.

This used to be the way family farms, and family run businesses worked, until the newest generations decided they didn't want to put in the effort to keep the wealth generating businesses going because the work was too hard.

 

[Altair]

The greatest issue about affordability for young people is that they believe it is their right to have work/life balance right out of high school, and to have the same life they had when living with their parents. Very few understand what hardship is until its too late. Do you know who can afford their own houses these days in their early thirties? Individuals who work six and seven days a week and multiple jobs and save that money up. Not those who live at home, work 35-40 hours a week and then spend all their money on vacations, weekends away, Starbucks, and wine nights.

Oh, and the other group that can afford housing. Immigrant families where all eight family members work whatever jobs they can get for as many hours as possible, and pool their earnings. And when they have enough saved up, they buy a local business and run it successfully. And then purchase the next one, and so on, creating employment for the ever growing family.

This used to be the way family farms, and family run businesses worked, until the newest generations decided they didn't want to put in the effort to keep the wealth generating businesses going because the work was too hard.

It's a rigged system.

For every dollar someone saves, the price they need for something else goes up 2. The job market and youth unemployment has been fluctuating and inconsistent since 2008. And now AI is eating away at jobs that many young people used as entry level.

You know why people go on vacations, starbucks and game nights? Also put off having kids and getting married? Because if you're never going to catch up, save enough for a downpayment, might as well go the instant gratification route. It's financial nihilism on a mass scale.

That's what happens when the system is rigged.