Liberal Leader Mark Carney and Conservative Leader Pierre Poilievre both promised middle-class tax cuts this week. But the former hallmarks of a middle-class lifestyle — like owning a home or taking annual vacations — are increasingly out of reach for younger adults.
“Based on the most recent Statistics Canada data, that’s a wide range anywhere from $52,875 to $141,000.”
And
“Her definition of “middle class” is simply having enough money to survive for two weeks without a paycheque. Right now, her family doesn’t meet that threshold. “
TIL I am both upper class and maybe still middle class. That can’t be right.
My household makes more than the threshold, but only misses the definition because we drive junkers that are 10+ years old with no payments. One vehicle payment and I’m not sure what we would need to start cutting. Food?
We mortgaged a lot less for a house than most because of when we bought it too. So anyone doing it now would be in over their head.
Knowing what struggles we have, which obviously aren’t as bad, how in the hell is anyone else making it work?
Being middle class growing up was not having the nicer boat or nicer motorcycle, like the uppity crowd had.
This seems like the system is trying to keep these numbers low, so the people getting hit the hardest can at least say they are not “low class”.
We collectively need to rethink the classes to just “rich” and “not rich”. That’s the only ones that matter anymore in my opinion.
Anyone that can live a stable life without worrying constantly about the cost of everyday items should be middle class.
Any household that can thrive without the need to work is rich.
People have thrown around the term “middle class” to mean “comfortable” or “financially secure” for generations now, but there’s nothing “middle” about that. It makes complete sense that as wages fail to keep up with the cost of living, the “middle” is going to struggle more and more.
This isn’t a problem with the formal definition, but one of the cultural expectations. The fact that those injured by the lie of the cultural expectation aren’t burning down the homes and businesses of the rich is still a small wonder to me.
I can’t fathom how many people are out there stressed to the max over money right now. Knowing how much it stresses me when it’s tight makes me sad it has come to this for everyone.
Not to bring politics into this, but I don’t think any of the current governmental systems or powers are equipped or willing to tackle this.
Yeah any household below 100k a year is still working poor. At least in Ontario 200k+ is about the lowest where you can feasible get a mortgage and eventually own your house.
I don’t know how different it is elsewhere in Canada though, Ontario is definitely one of the more expensive provinces to live in.
“Based on the most recent Statistics Canada data, that’s a wide range anywhere from $52,875 to $141,000.”
And
“Her definition of “middle class” is simply having enough money to survive for two weeks without a paycheque. Right now, her family doesn’t meet that threshold. “
TIL I am both upper class and maybe still middle class. That can’t be right.
My household makes more than the threshold, but only misses the definition because we drive junkers that are 10+ years old with no payments. One vehicle payment and I’m not sure what we would need to start cutting. Food?
We mortgaged a lot less for a house than most because of when we bought it too. So anyone doing it now would be in over their head.
Knowing what struggles we have, which obviously aren’t as bad, how in the hell is anyone else making it work?
Being middle class growing up was not having the nicer boat or nicer motorcycle, like the uppity crowd had.
This seems like the system is trying to keep these numbers low, so the people getting hit the hardest can at least say they are not “low class”.
We collectively need to rethink the classes to just “rich” and “not rich”. That’s the only ones that matter anymore in my opinion.
Anyone that can live a stable life without worrying constantly about the cost of everyday items should be middle class.
Any household that can thrive without the need to work is rich.
People have thrown around the term “middle class” to mean “comfortable” or “financially secure” for generations now, but there’s nothing “middle” about that. It makes complete sense that as wages fail to keep up with the cost of living, the “middle” is going to struggle more and more.
This isn’t a problem with the formal definition, but one of the cultural expectations. The fact that those injured by the lie of the cultural expectation aren’t burning down the homes and businesses of the rich is still a small wonder to me.
I can’t fathom how many people are out there stressed to the max over money right now. Knowing how much it stresses me when it’s tight makes me sad it has come to this for everyone.
Not to bring politics into this, but I don’t think any of the current governmental systems or powers are equipped or willing to tackle this.
Same boat, in the middle range, luckily I bought my house before the crazy price, now I would not be able to get a mortgage.
Yeah any household below 100k a year is still working poor. At least in Ontario 200k+ is about the lowest where you can feasible get a mortgage and eventually own your house. I don’t know how different it is elsewhere in Canada though, Ontario is definitely one of the more expensive provinces to live in.
Hmm, how many people are in your household?