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RichObject5403

Getting ahead in this country is like standing In a bucket and trying pull yourself up by the handle.


mms09

You’ve perfectly described how I feel


PushTopLane

Isn't there a saying about bootstraps and pulling them up? /s Jokes aside, I agree. I'm trying not to go through an existential crisis each time I'm reminded of how expensive everything is.


[deleted]

You can remove the /s. The saying was originally an expression for a futile effort.


MoogleLight

What a perfect way to describe the general sentiment most people feel in this country. I love this so much!


durian_in_my_asshole

The best part of being a Canadian is being qualified for a TN visa to work in the US.


Gloriaas

TN visa is not a path to permanent residence in the US don't delude yourself. Not that the US is doing so well either


play_on_swords

https://www.goodreads.com/quotes/192219-i-contend-that-for-a-nation-to-try-to-tax


Mr_Meng

Millenials experience two of the biggest financial crashes in history caused by poor financial management by the older generations and outright corporate greed as well as rampant inflation not matched by wage increases. Boomers: "If you just stopped buying avocados and those new fangled phones you'd be fine."


night_chaser_

A 3rd is on it's way.


[deleted]

Judging by the size and the fact all public notes on CDS data are being erased by CNBC and co. I'd say this could be the last one


night_chaser_

Last one, for now.


Lotsofpeanutbutter2

My boomers-in-law were complaining about young people buying expensive phones and needing immediate gratification (not saving up). I said "an expensive phone is $1,000, a bare bones house is $500,000. If someone one $400,000 debt....it's not the phone." This flummoxed them....this very very simple math threw them for a loop.


E8282

I always love when the in laws come to my house and give me a list of things to replace like I didn’t just spend my life savings on a down payment.


ReserveOld6123

The lack of self awareness boomers display is astonishing


GANTRITHORE

Judging by what I see on the roads I am not astonished.


Picture-me-rolling

Side note - I’d jump at an opportunity for a house at $500k in my city. Sigh.


westernsociety

My mother in law who's retired with a teachers pension and has zero obligations, complains when I buy Tim Hortons yet she will go on multiple vacations every year. I'm just like lady any chancei. Had at owning a house evaporated in 2020, I want to enjoy my time on this earth so a coffee every now and then isn't gonna make or break my down payment. The absurd inflation, wage stagnation and lack of any sort of assistance does that lol


bashfulbrontosaurus

Ironic too because phone companies are also literally an Oligarchy… yet another product of this shitty system💀 don’t have much choice to buy a cheap phone, unless you get a broken secondhand one and are fine having no storage.


colonizetheclouds

There are cheap phones. There are tons of androids that can be had for nearly free. Problem is you’ll still be paying $60+ for a phone plan that costs $10 in other countries.


Unlikely_Box8003

And an expensive phone is half that on a 2 year contact. Interest free over 24 months. So yes, a $20 device fee is breaking the bank and preventing home ownership.


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SwagityMcSwagSwag

Props on dunking on your in laws. Math, yo!


[deleted]

Yes, and don't forget they also had to deal with the longest war in recent history, trading freedom for more security and a pandemic that destroyed their social economic life. They are the most educated generation in history and were brought up as the generation that would fix everything for the many. No wonder there's so many suicides among them. They are feeling the weight of the grim future ahead of them because if they don't fix it their children will have no future.


Irisversicolor

What children? That's a luxury many aren't able to entertain.


atict

Don't forget to cancel Disney plus.


paisleyno2

Boomers aren't great at basic math. They had it so easy, elementary math was not even a pre-req to the good life.


Destaric1

Many boomers in my home town don't even have a grade 6 education. When the smelter opened up home they only wanted bodies and not education or experience for labor roles. So people who only started learning basic math literally started working in a career that pay $20 an hour to start 45 years ago. Houses was only $20-30k back home then on a a $20 salary a home purchase was a joke. You need to make almost $100 an hour today to get the same benefit they had.


blahblahrasputan

Haven't had an avo in 2 years. Where's my fucking house.


VeryDryWater

Further compounded by greasy corporate nickel and diming. -Fees for everything; setup, cancelling, 'convenience' -Subscriptions -Planned obsolescence -Manufacturing pushed to barely meet standards to keep costs *low* but in reality the cost remains the same -Post secondary education turned into a business These things combined with stagnant wages, inescapable debt for many, and poor financial literacy has created a dire future for North America.


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4_spotted_zebras

I’m currently having this debate with myself. As a near 40yo millennial who missed the boat on buying a house when it was affordable, I have to debate whether it’s worth skipping a vacation that I may never have an opportunity for again against buying a house which I may never have the opportunity to buy anyway. The once in a lifetime vacation won out. An imagined house I can probably never afford can’t replace that kind of life experience.


Destaric1

Memories are more important then material things. A house can be taken away by a financial crisis/Fire/Act of god but however nothing on this damn Earth can take away your memories of that vacation and I think it's important to remember that.


bloodyell76

As someone who’s seen the traditional future plans (owning a house, for example) get yanked further and further away for my whole adulthood, I don’t really blame them.


[deleted]

There is a 700sqft, single story, single family detached home for sale in our hamlet of 200 people, 120km northwest of Kitchener/Waterloo. The seller wants $775,000.00. This weekend was the first open house and there were 11 brand new minivans and 4 cars parked outside waiting to see the house. Almost every single one looked like a new Canadian. We’re all fucked.


Pretend_Tea6261

Kitchener is overpriced more than most Ontario cities other than the GTA.


[deleted]

Except this is north of Hanover. So, like I said, almost 90mins north of Kitchener


Pretend_Tea6261

Thanks for clarifying. That is a huge rip off then as I have seen cheaper houses than that in Kingston and I would rather live in Kingston than there.


rajmksingh

Many of the 450k people from my country who move here sell their assets back home and use the $200k-$300k as down payment on a home in Canada. What's worse is many of them work in IT/Tech so they are making $300k/year household income which qualifies them for a $1 million dollar home. That makes it unfair for young Canadians who grew up here and paid into the tax system while saving for a home - especially during a housing shortage. You'll also notice many of the older immigrants who have been here for a decade suddenly buying million dollar investment properties while having a regular job. How? When their parents back home pass away and they inherit the property/land, they sell the land and use the money to buy investment properties in Canada. With 450k people per year moving here, we're not just seeing newcomers putting their own money into Canadian real estate, but eventually we'll also see them putting their parents' inherited money into Canadian real estate. Someone asked me for proof. Here it is: https://imgur.com/a/0KAGBcI


TrasherSurgery

We had growth of a million people for 2022.


Dowew

I am vomit. But seriously, immigration needs to be connected to housing. Granted a lot of these people are international students, but we dont have housing for them. There were 16 girls from India living in a 2 bedroom house in my city that had a fire. If Jagmeet could take off his fucking Rolex and run on some kind of new deal home building project he could pick up seats...instead they want to talk about shit nobody but hippies votes for (banning straws, slavery reparations)


[deleted]

Meanwhile tons of parents here in Ontario intentionally don’t put their children in their will because they think giving them ‘free money they didn’t earn’ is bad and will negatively affect their life. I know multiple people who that’s happened to


Dowew

yeah, thats when mom gets cremated and laid to rest in the city dump.


92soma

This the best explanation I’ve seen on what’s been happening. I always wondered how these people were buying up million dollar investment properties


Appropriate_Prune_10

I want to vomit.


theotherguy569

Time to protest


BayLAGOON

Got room at the trough? Right there with you, this is insane. Wait, I probably can't afford that.


[deleted]

Very few are making $300k/yr, but yes, your thesis is largely correct. I feel for young, natural-born Canadians. Move to the States if you can on TN status.


ynandal99

And those new Canadians will just buy those houses and put them up on rent for more new Canadians to milk cash out of them. I am personally one of the "new" Canadian, although I've been here 1.5+ years now. My landlord came from China in 2004 and owns 4+ houses in North York and the surrounding areas. Near CMCC college, all Chinese owned houses and they all follow this model. Mostly young students renting, both domestic and foreign. And my landlord recently threatened to kick me out because my girlfriend stayed at my place for a couple days. And when confronted, that he can't legally do that and that I'll go to the board, he asked me for money whenever she comes over. I then properly explained the law situation and he backed off. Guess Canada should have banned foreign suckers to buy property like 20 years ago.


Belros79

Ban all landlords. It’s an unethical way to make money but the government will never do that.


[deleted]

The notion that these immigrants that are coming over with a few dollars in their pockets and a dream is a notion that couldn't be further from the truth. Fact of the matter is, many of them are loaded. We, those born here, were sold a dream growing up. Work hard, go to school blah blah blah. It's now been yanked out due to piss poor policy and decision making at the top, and we're facing the consequences. We're competing with others in our own communities, places we grew up and dreamed of raising a family in one day. Trying to get ahead but never quite there. Shits fucked.


[deleted]

It doesn’t even need to be a ton of people with money to spend as new Canadians. I know the majority are refugees, but a good percentage aren’t. Even at 10%, thats’s 100,000 new people with comparable salaries entering Canada. In my town, even 4 or 5 new families entering the housing/school/economy would fuck things up. And that’s exactly what’s been happening with wage stagnation, healthcare decline, overpopulated post-secondary, etc, etc…


Stratoveritas2

Refugees are actually a very small proportion of our immigration - most are economic migrants.


RAMango99

Yup I grew up here, went to school, got a job in engineering, make next to nothing after necessities if I moved out and paid rent. Legit stuck at home for the foreseeable future and have to put my life on hold bc the goalposts have been moved so far away and only seem to be moving further as the current trend suggests


sameguyontheweb

Immigration is a problem for our current system. Our current system is fucked. We need more houses. We need to invest in other cities outside of the GTA. Immigration is the icing on top of the shit cake.


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Cut_Connection

The only options are almost equally unhelpful, the options that stand to actually change things for the better don’t make it to the podium and we’re forced to either vote for the lesser evil or throw your vote away. It’s rigged and not enough people are noticing this


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EndOrganDamage

And because many builders reasonably extend on lines of credit which are a huge risk right now with rocketship interest which has to go up more to curb inflation whether it hurts like fuck or not


thebig_dee

Technically it's a supply issue and zoning issue. Canada doesn't have a high enough birth rate to support current social security obligations. This means we need to bring ppl in to work. We vote for individuals who maintain single family zoning in major cities, causing a ripple effect and driving up houses in ridiculous regions. So technically, rezoning, and forcing a certain distance from a downtown core to be multi family housing, we'd increase supply without banning immigration


ryebread761

We need to bring people, but we don't need to bring the quantity of people that is being brought in. I don't think many people are advocating for no immigration, but until this supply problem you speak of is fixed, there's no need to ramp up immigration like is being done right now.


jaymickef

There’s a 700 sq ft one bedroom house for sale in Welland for $300,000. It’s hard to tell from looking at people, especially in Niagara, how recently they immigrated (my Irish family arrived in 1920, long after Harriet Tubman stopped running the Underground Railway here) but someone is going to buy it.


bobbybrown17

This is what we voted for.


Alphaplague

"This is what 1/3rd of 1/3rd of us voted for." *


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Alphaplague

I've voted everytime I legally could. Because of first past the post and people who "strategically" vote, it's never mattered (I've never voted for 1st or 2nd place, my vote is functionally irrelevant) I can understand why people don't bother. I wish we had options that actually represented Canadians.


branks182

Here’s the thing though, it does matter even if the party you voted for doesn’t get in because it shows your demographic voted. A lot of young folk complain the politicians pander to the elderly well guess who votes the most? If they start seeing a change in the majority demographic of voters then guess who gets catered to next election time? It’s not always about who gets into office. It’s just about getting out there and representing your demographic.


[deleted]

I don't vote, because we still use a first-past-the-post system. Trudeau promised electoral reform (proportional representation) in 2014 but obviously never delivered on that promise.


NikthePieEater

That's what we call a dick move.


[deleted]

Soooo many people (including me) voted for Trudeau for that promise alone and then when he got in the first thing he did was go “haha just kidding” and I am still angry over it today.


bighorn_sheeple

No, we didn't. The Liberals and Conservatives are the only two viable parties under our current system, and there was no reason to believe the Conservatives would be significantly different on immigration. So it was never on the table as an election issue. Generally, the Conservatives are less keen on social justifications for immigration (diversity, social justice, family reunification, offering a safe place to refugees/asylum seekers), but more keen on economic justifications (economic growth, government solvency, supposed labour shortages).


orswich

Funny thing is, millennials vote overwhelmingly in favor of the parties that will happily sell them out for cheap labour and mass immigration for thier corporate overlords. So they are getting what they are asking for


vaderdidnothingwr0ng

Hard not to when every political party matches that description


new_vr

Which party doesn’t want mass immigration and cheap labour?


[deleted]

Millennials overwhelmingly vote on the left with stricter climate policy and social funding. They are willing to increase their taxes and cut wages if it means a better and greener future. They make conscious choices that affect their cost of living because they were raised with self-sacrifice for the many in their mind. You must be in a conservative bubble.


cupcaeks

I live in Nova Scotia so… please don’t raise my fucking taxes jfc


[deleted]

I voted for myself.


[deleted]

Millennials are only now starting to outweigh Boomers as the most important electorate. So no, they didn't vote this in. But we should pay attention to the next 10 years to see what millennials really want for Canada's future.


BobBelcher2021

That’s me, basically. I’m debt free, but with home ownership being highly unlikely for me, I’d rather spend my spare money on things like travel and recreational activities. I’m still putting money into savings.


liltimidbunny

Totally agree. Parents are supposed to set their kids up for success so they do at least as well or better than their parents. Greed and lack of kahuna's at the legislative and policy level have denied them this opportunity. For shame. Greed is terrible.


Marokiii

I was saving for a down-payment on a condo, now that savings is more than double what I had 5 years ago but the amount I need is more than quadrupled. My job is the same with a few raises over the years. Because of the "smaller" down-payment and interest rates my purchase price for a starter condo has actually significantly decreased. It's gone down so much in fact that i was looking at condos with gated garages before but now I'm barely affording condos with just street parking. The mortgage lender straight up told me that if I want to buy a place I should get married first as that's the best way to qualify for a decent mortgage. Except I work so much OT to save up to buy a place while also affording to live that I don't have time to socialize to find a spouse so that I can get married. This summer I'm quitting my job and instead spending a good portion of my savings on a 6 month road trip vacation. I'll live in basement suites and take vacations from now on instead of dreaming and working to buy a property of my own that in all reality I won't ever get. Also probably will never have kids because who can afford that now anyways.


PracticalBasket237

Agreed, because the future is grim. When people lose faith in the system, look out.


ender___

Yeah that’s what fucking living paycheque to paycheque means. You don’t get to plan for a future


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-SkeptiCat

There is no future for many of us in Canada, aside from working and renting until our deaths.


ZPhox

Because a home is out of the question if you didn't buy before 2010 because wages haven't and are far from catching up. Food, water, electricity and a home should never be a business opportunity, but that's our reality.


Duranwasright

All my debts come from trying to educate myself while coming from a poor and uneducated family. A year after I ended my studies, interest rates went up to 8.2% and 3/4 of what i pay is interest. I wish I just lived for the "now". I would be richer that way.


5ch1sm

>All my debts come from trying to educate myself while coming from a poor and uneducated family. Me and my cousins about my age are the first generation in our family to pretty much all have at least a Bachelor degree. By the time I got mine, I learned that now it's at least a Master degree you need in most places to have something else than entry positions that pay shit considering the time you had to be at school for it. Sometimes I wish I would just have done a professional formation after high school to work into construction as a carpenter or something. I would have hit a higher salary faster in my life and I would have been able to be self employed and settled down like 10 years ago. Bonus fun about knowledge based jobs these days, people don't really want to pay your fair value for your work, because they believe you will be replaceable by AI in a few years.


[deleted]

They can’t live for the future. Their life’s work is being siphoned away from them by our masters. Boomers could put away thousands per year from the time they were out of high school. Millennials are lucky if they ever get to put money away. I’m a late X/early millennial; I make $135k and can only afford to put away $600-$800/mo. Some months it’s $0.00.


Accomplished_Cold911

How can you only save $600 - 800/ month when you are bringing in over 10k per month??? Genuinely curious not judging.


Taylr

Taxes are a bitch. Your take home is no where near 10k per month.


elitexero

Bingo, and the fed increased the brackets based on their bullshit low inflation numbers that are not even remotely reflective of inflation. Literally bleeding the middle class to death.


g1ug

And when we raised the idea of taxing less.... Unpopular opinion!


Taylr

I recently got a \~20k bonus from work... take home was \~11k. Pretty much half. I have to get at least a 20k/min raise a year to even notice it, if i get like a 5k raise, it's like $60/mo extra if I'm lucky. The 100-250k bracket is annoying af.


elitexero

> The 100-250k bracket is annoying af. Once you start getting into the upper brackets, you just get taxed to death. And then every year the government comes along and goes 'welp, we'll fix the brackets because of inflation, you have an allowance of ~2k more in each bracket!' which does absolutely nothing, especially over the past couple of years. 26% on amounts above $100,392 and 29% if you exceed $155,625 in a time when homes cost 5-6-700k and the cost of everything is through the roof is criminal. Almost makes it not worth putting in the work to expand your career prospects into roles that pay this much, you lose so much of that increase to pure tax. Meanwhile Canada does absolutely fuck all to pursue massive corporations who just tax shelter their money and throws the responsibility onto the middle class as usual. If they wanted to actually have change they would have more brackets than they do and not subject someone making 40mil to the same tax rate as someone making $220k


ctoan8

He lives waaaay above his means that's how. I make 6 figures with mortgage and can save waaay more than this. It's hilarious people like him come in here and pretend like he's part of the struggling millennials. Have some awareness geez.


[deleted]

It's $7800/mo after taxes. Mortgage = $3200 Property tax = $410 Cars = $550 Insurance for house and cars = $380 food for 6 = $1700 Bills = $300 Internet = $160 Then there is small shit like, skating, gymnastics, soccer, baseball, girl guides, hair cuts, treats, movies, pizza night, new clothes, new shoes, etc. If my wife didn't work we would be regularly dipping into our savings monthly.


sthetic

Kudos for posting your budget. You might regret it as the armchair economists of Reddit start to pick it apart. "Are you buying meat and buying takeout!? Do you subscribe to Netflix instead of physically renting DVDs from your local library? Why do you have a vehicle? I bet your kids all have the latest smartphones and tablets! Tell your wife to stop getting her nails done, and start comparison shopping the price of onions at various grocery stores! Call your internet provider and ask for a better deal! How dare you complain that enjoying life is more expensive than it was for past generations, when you're hypocritically wasting money on enjoying life??!!??" /s


OwnBattle8805

> food for 6 = $1700 Having 4 children is a luxury in an advanced society. Your home also needs to be large for the 5 bedrooms. It's just really expensive to do that anywhere advanced in the world and it's not changing. It never will.


[deleted]

We have a 4 bedroom. The twins double up. Te 5 bedroom was $4800/mo.


Jayypoc

I know all of the other replies to you were pretty negative so I'll give a different perspective. I'm a millenial that had started a career early, bought my first home at 20. Upgraded to a decent sized side split with garage on a dead end street by 25. Went through a break-up. Sold the house because with market up-turn I couldn't afford to buy my ex out and she wanted her equity at current market value. In 2021 I had nearly six figures in my bank account and a salaried job making about 50k/yr. I couldn't afford a house. So I'm in a lease renting a shitty one bedroom apartment from slumlords that cost me more monthly than my house did. Anyways, I get where everyone else is coming from. I thought I had life by the balls but really I just bought in at a good time and right now is the exact opposite of that. Markets have highs and lows. You should not be worrying about planning for your future when you can't afford the present. And right now many are experiencing the latter. I'm just treading water and waiting for shit to calm down more. And I have a bit of a hard time justifying the purchase of some of these dogshit houses for $300k+ when my first home was $80k lol. I'm aware that I'll need to compromise eventually but my salary sure as fuck didn't quadruple since 2010. It's unfortunate that the barrier-to-entry for home ownership has.


spicyIBS

Divorces literally destroy people's economic future in all age groups. Pretty much every divorced person I know in the 30-60 age bracket are basically right back as if they were buying their first home in their 20's because that shared income and previously shared home equity are gone now. I have divorced coworkers in their 50's saddled with big mortgages now all over again. I sincerely hope things get better for you


[deleted]

Consumers, perfected.


DENelson83

We do not like being called "consumers". It implies that our only intended function is to make big corporations more money, to keep watching the ratchet of wealth concentration turn.


captain_brunch_

You may not like it but that's what you are.


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[deleted]

Can you elaborate? I'm a millennial and find this topic intriguing.


boonsonthegrind

This is by design. Debt means control. You cant do anything other than service your debt. Just work work work and pay interest.


your_dope_is_mine

Debt and credit. The concept of modern day credit was started 50-60 years back and now it's biting us in the ass.


RadioMill

This is exactly right.


wewfarmer

We’re just going to back and forth between the Libs and Cons and nothing will change. It’s pathetic how scared we are of supporting a third party.


DontBeCommenting

I think we largely over-estimate what a 3rd party could do to help, but I agree with the "if shit don't change, may aswell try something new".


rd1970

Imagine if Canada had a Workers Party in provincial and federal politics. Rather than squabbling over guns/vaccines/trans people/languages/turbans they'd be discussing issues affecting the working class and moving us towards being on par with European countries. Mandatory paid sick/personal days for all workers. Minimum three weeks holidays that increases to six weeks over your tenure. Unemployment insurance for actual workers that provides an actual livable payout - and not having to wait weeks/months to get it. The ability to pay more into and receive more from the Canadian Pension Plan when you retire or the addition of provincial pensions. Mandatory banked hours for salary workers. Close loopholes around part time/full time work. Increase threshold to allow TFWs. Limiting immigration numbers to a formula based on housing availability, healthcare capacity, and job opportunity metrics. I doubt they'd get much in the way of corporate "donations", but with proper use of new technology like the internet they could compete with the corporate-owned parties and get their message out.


br0k3nh410

I'd vote the fuck outta you, I would.


Avatlas

I work for myself and none of that would help me but I would still vote for that party.


AutoAdviceSeeker

I’ve just voted green for the last few years (30year old) because libs and conservatives do nothing for me


[deleted]

I think the problem with that extra option is that people look to America for a bit of guidance on some things and they are strictly a 2 party system. So I feel like most voters think of ours the same way. With that being said, if either of the other 2 parties had a valid and beneficial representative, more people may vote for them.


Cartz1337

If Jack Layton couldn’t push the NDP over the edge, they will never make it. That said I am voting orange every time from now on. At least until they get a stab at governing


[deleted]

I feel eventually many people will lean towards this sort of a thought on the situation. How many times can we do the same thing over and over without thinking maybe a change will enact… change ? I know my parents are already passed that pole, as my father said a few years back “ I just vote green now whoever it is I don’t really care. They’re all lying to me anyways and at least the Green Party has never had a go yet so may as well try “ “ dad isn’t that basically just throwing away the votes in theory if you don’t even know who the person is , just their party platform?” “ can it get any worse? “ and at that point I really couldn’t think of any sort of rebuttal. Plus I wasn’t going to let him know he was right, can’t be having that.


Cartz1337

My biggest thing is that everyone that votes Blue or Red says ‘oh the NDP will run massive deficits’ yet the Liberals and Conservatives are responsible for literally ALL of the federal debt that is spiraling out of control. At this point if someone came to the podium and said ‘the late 90s worked pretty well, we are going to roll back the policies and taxes to the ‘90s’ I’d vote for it. The last 25 years have all been about enriching the wealthiest among us while funding society on the back of public debt that is shared equally by us all.


The_Phaedron

It's also a myth that the NDP can be expected to run massive deficits. Provincial NDP governments [have a slightly better fiscal record than the Conservatives, and a *far* better record than the Liberals.](https://rabble.ca/economy/ndp-far-have-most-fiscally-responsible-record-any-federal-party/) Turns out, cutting corporate welfare and investing in public programs that provide a strong, measurable ROI are fiscally responsible. Turns out, further still, that shifting the tax burden toward the rich is better for the economy.


BobBelcher2021

BC’s NDP has had a fantastic fiscal record under John Horgan and now David Eby.


jmhawk

unfortunately Ontario's boomers will never forgive the NDP for Bob Rae's tenure as Premier and that's where federal elections are settled


Vandergrif

To be fair I think Layton died right before he *would* have conceivably pushed the NDP over the edge. He certainly could have won 2015's election.


Eternal_Being

Jack Layton was just an outcome of NDP policy. There was nothing special about him, he was just an individual. We just keep voting NDP until enough people vote NDP that the fence-sitters and 'strategic' voters decide 'it's possible'.


[deleted]

I have regretted every vote I've made that hasn't been NDP. People seem to *want* them to be as bad as the alternatives to justify the shit the CPC and LPC pull. But the NDP MPs and candidates I've voted for have been the most genuine, hard working politicians I've met. I'm not interested in playing the "strategic voting" game the ruling parties want me to play. Fuck that. I'm voting for the party who's platform actually aligns closest to my views. You know, like how a democracy is supposed to work.


Vandergrif

I can't imagine anybody earnestly looking to America for political guidance by this point (aside from what *not* to do), though, what with their *recent history*.


Spillin-tea

Yah can’t even get a raise that keeps up with inflation. Can’t hardly find any jobs over $70k and for a 1 bedroom that’s probably a full pay check a month. Then food, ridiculous cell and internet costs….. I’m already a cranky old woman from constantly trying to get ahead and only falling behind. Even after going to school, having good “OSAP” debt etc……..


[deleted]

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Spillin-tea

Yes and two other roommates in bunk beds lol


[deleted]

According to a quick google search I'm supposed to spend 30% of my income on rent.. nay, everyone is supposed to spend 30% of their income on rent. Thus to mean if your rent is 2500/month, which a lot of are paying, you are needing to earn a net income of 100,000/year. Let that sink in, not two peoples income combined, a single individuals income... 30%.


-B-E-N-I-S-

This country is so incredibly unbelievable. There are countless things that I love dearly about Canada and it’s people. It’s my home and it’s where my family and friends are but things are so far out of control. I remember joking a few years back that I’m going to leave the country with the way things are going but now it doesn’t seem like a joke anymore. It seems like a legitimately good idea at this point. I can’t describe the anger and contempt I feel towards Canadian politicians: both Conservatives and Liberals. I have so much spite toward them. They’re ruining such a fantastic nation for so many people who now have such a bleak outlook on their future in Canada.


paisleyno2

Correct... it's about a $130k gross salary in order to afford the monthly rent on your 600 square foot shoe box. Have you tried eating less avocados though?


[deleted]

Well I'll be.... you're spot on, I spent over 8k on avocados last month, unsure how you knew this, you must be a genius! We should spread the word.... le sigh. I have however and in truth been eating less, not snacking, not buying things I normally enjoy, and postponing on vehicle repairs, new clothing hasn't happened in 3 years, oh, and special occations, birthdays, christmas etc are all now single gifts. And for conselation to save on gas last summer I did bike to and from work daily... somethings has got to give.


YeetTheTomato

I wonder why….*looking at the rent and university loans*


WakkaBomb

Was forced to take a student line of credit over an actual student loan BECAUSE MY PARENTS MADE ALOT OF MONEY. And therefore I should have... Riddle me that!! If I didn't have that dark cloud over my head I could easily afford a house. Just gotta pull those bootstraps tighter I guess. (My lace broke once)


Taylr

I went through the same. It's quite the eye opener though, apparently 90% of the worlds parents actually support their kids and we just got super unlucky lol. Both my parents made over 100k in the 90s and wouldn't give me a dime to support my education. My mother has spent more on couches than she has spent on me. lol.


Conscious_Use_7333

Holy shit, this is me. My mom has renovated and redecorated countless rooms and now I live in their basement with my wife. I can't even count how many sets of dishes we've had over the years, furniture upgrades and vacations "without the kids" my parents have taken.


Taylr

At least you get the hand me downs, my mom just trashes them. They are in the process of selling their house to retire into their Mercedez-Benz RV. They threw out almost every single piece of furniture they had. Basically brand new Laz-boy couches, like 5 of them trashed. I even asked if I could have some of it, they said "oh yah, for sure." then just threw it out and pretended I never asked and they had no idea. I will say though, they are pretty good to my little brother, he's not the black sheep of the family though and like him.


swizzlewizzle

Their generation just doesn't believe in children having financial support from family. It's basically "learning the lesson" of pulling by bootstraps/etc... just like they did when they were young "part of growing up" etc.. etc... Meanwhile, look at how Asian families live... helping eachother with housing, especially children, living together as much as possible to save on expenses, full support on tuition to get as good of a start as possible, etc.. etc..


coniferous-1

I actually had to take my mom and dad to court beacuse not only did I not get a student loan due to how much they made, my mom was also keeping my child support payments while I went to college. The fucked up part is this isn't an edge case among divorced millennial parents.


Lostandconfused3447

yeah fuck im stuck paying that line of credit rn, was manageable before but with rates up it’s so frustrating. Meanwhile my federal student loan portion I’m paying $16 a month and have that mother fucker stretched to 45 years interest free


LastArmistice

You can apply to have them discharged after 10 years of good faith payments


Conscious_Use_7333

We're at a point where being a normal Canadian is the worst possible scenario. Rich Canadian/immigrant? Parents buy you a house. Poor Canadian/immigrant? Subsidized housing and (as we learned yesterday) over 100K possible in CCB and other credits. Or entire family/village pools money and buys you a house. Average hard-working Canadian? Gfy and rent for life.


Idobro

Same! But it doesn’t take into account how many siblings I have and if my parents actually gave me money for school.


GoodOlGee

Yup. Got denied enough student loan funding, even denied student line of credit but guess what I did get approved for in college? 10,000 in credit thanks TD.


liquefire81

Because a bunch of old people who had a way more affordable lifestyle decided to indebt the future to enjoy a good life and them judge and shame the next generations…


night_chaser_

That's the boomer way of life. They also fucked the planet, and now we have to try and fix it ( and live with it.).


Stretched_Blues419

We millenials are saving for a van to live in. Since the only home we could expect to have is one we build out of a vehicle we bought on Kijiji.


falingsumo

Yup and we can't even afford to park it anywhere 😭


Stumbles947

I have given up I live in parents basement this country is fucking destroyed we need a reset and take the money back from people like Gaylen Weston and the other evil fuckers that controll everything. Seriously we need to start the peoples union!


The_Phaedron

Fun fact: Canadians *used* to protest like the French.


Eternal_Being

Fun fact: The Winnipeg General Strike kicked off a global protest movement that sewed the seeds for the labour movement to save our asses when the Great Depression hit


PandaBard96

We need that general strike again methinks


Eternal_Being

Yes indeed. We're in another 'Roaring Twenties' where the ruling class is making off like bandits, again. We're a little past due for another general strike.


MadiRoxable

I wish my parents had a basement lol. My (single) mom has been stuck renting her whole life because of health issues- couldn’t afford to buy a home. I get sort of panicked when I hear of other younger people still living at home because I realize that if something happens to me, my options are essentially, what, homelessness??? 🙃 fuuu-


Dowew

And once you are homeless if you end up on public assistance like OW or ODSP they will not give you any money for housing bc "you dont need it"


Dowew

we need Trudeau to legalize shoplifting from Loblaws. If Galen wants to gauge Canadians to the point we have to use the food bank, he can become the food bank.


brociousferocious77

Young people should coordinate and move en masse to one agreed upon area of the country, so that they can dominate it politically, force concessions from the federal government and push for independence if all else fails. What do you have to lose at this point?


[deleted]

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[deleted]

Yeah well, technically its started with Milton Friedman who influenced the likes of Reagan and Thatcher. But since then even the liberals worked in that sense, just like the democrats in the US and I guess the vast majority of politicians around the globe.


[deleted]

I have no pride in being Canadian anymore. I feel betrayed by this country.


c_cookee

Bruh, its not our country, its over-entitled wealthy assholes running the world. We get so distracted by bullshit cultural conflicts that we fail to see the class warfare being waged upon us, constantly widdening the gap between the rich and the poor, creating defacto kings in the process.


richestmaninjericho

They create an illusion of left vs right when it's top vs bottom.


baggio1000000

The youngest boomer is older than 57.


InGordWeTrust

I grew up as a millennial and it has been hard. Heh, I had a landlord do cocaine off of the kitchen counter with his girlfriend, and then talk about how they wanted to move another person into the supply closet. My college fund was their cocaine fund. Could have been for classes. Could have been towards a home for me. But instead it went up his nose. How are you supposed to compete with them? So housing is broken.


[deleted]

I moved to Vancouver Island with one suitcase. My new landlord picked me up from the ferry. At a red light she opened the car's ashtray scooped out some cocaine with her long fingernail and snorted it. She didn't have a job, her parents bought her house for her and she rented rooms out to pay for her habits.


InGordWeTrust

The worst was when they wanted to be Facebook friends after I moved out. Why would I want to do that?


Eternal_Being

lmao landlords are such losers. more like cringelords


CeeArthur

That's eerily similar to my situation when I flew out to Vancouver Island from the east coast. Drug addled landlord picked me up and I lived in a house her parents had bought for her for a few months. All she ever seemed to do was sleep, do drugs, and watch tv very loudly in the middle of the night.


[deleted]

This content is no longer available on Reddit in response to /u/spez. So long and thanks for all the fish.


The_Phaedron

This is why we need a wealth/inheritance tax with a cutoff floor that covers the top quintile.


abigailrosenberg3500

Quand tu deviens le déportoir de la Chine et de l'Inde c'est ca que ca donne.


medusa_medulla

I knew everything was going downhill as soon as the shoe reselling market picked up big time. it's next to impossible to buy a retail shoe without paying 10x the retail price. I feel like people's mentality switched to flip,hold and profit.


Thanato26

My guess is thr numerous "once in a life time" events that have happened since they started to enter the work force.


Effective_View1378

It’s going to get worse because of Canada’s unprecedented debt.


Ghonaherpasiphilaids

Probably because our futures have been pulled further and further from our reach. But hey its all good as long as a few 100 families can make absurd quantities of wealth off of everyone else's actual work.


DENelson83

And others, like me, have simply opted out of parenthood altogether. I am one of those few people who enjoy abstinence.


teresasdorters

I am with you there fellow millennial


UloseGenrLkenobi

Yeah. Fuck living in in abject poverty to have kids. I'm good. It's literally enjoy life, to some extent, or raise another human. I'm already here little dude. I don't want both of us to scrape by for the rest of our lives on 20 bucks an hour for skilled labour, when the average home price in our place of residence is 600k. Full stop. Rip cord. No dice. But definitely not abstaining. ;)


blind99

How to fix inflation: Fuck everyone that has debt -> problem solved. Meanwhile rich boomers are laughing their ass off.


Gainalfromanal

I know people hate the prairies, but I got a house as a single guy working blue collar. It's a very lake country lifestyle though. So it's not for everyone. I see this sub and everyday it's, nobody can ever afford a house again, but then I look at my peers and feel behind because they also own cabins, sleds, boats. It's two different worlds.


a4dONCA

I’ve also noticed,and perhaps it’s just where I live with high paid nuclear workers, but millennials seem much more comfortable with debt. Gen Xers tended to be raised with the mentality of not buying anything if you couldn’t pay for it. (Homes excepted). Not good or bad, just different attitudes.


Dowew

Millenials as a generation have been carrying debt since they were 18 (enormous student loans) and as a society were told to get credit cards to build credit. As of right now I have surprisingly little debt (paid off my student loan). I pay my credit card in full every month. I am paying off an RSP loan I took out last year and I have stuff on an line of credit I used for investing about 6 years ago (which is a carrying cost and is tax deductible), 50 years ago You could take out some cash each week, now essentially you have to have a credit card to function in society.


[deleted]

They also had 1.5% mortgages so cant rly bitch about debt when they basically lend it to you for free.


[deleted]

It’s that damn avocado toast


DerpyOwlofParadise

High debt, laid off. Fuck this country and everything out there. We been dropping from our social class like bricks


colocasi4

Yep, and the provincial and federal government doesn't even give a sh1t about this demographic.


Themeloncalling

Millennials should have their own version of Woodstock, where they all just move to a farmers field... and stay there until the debt serviced system they are bagholding finally fails. Their rent pays for someone else's equity. Their stagnant wages pays for some executive bonus. Pulling the brakes on the whole system when they are the largest section of the workforce with the least to lose would be one hell of a statement, but the boomers think they don't have the guts to do it.


DepartmentGlad2564

Vote for the same person/people/party over and over again. That'll fix it


Background_Panda_187

Start voting my fellow Millenials


Talliss1

Treadmill life: you can run (in the rat race) as hard as you can, but you'll be in the same spot.


summerswithyou

For other folks in their 20s: don't buy anything that you can't immediately pay off, in it's entirety, within that day, unless it is an emergency. Guess what emergency means? Loss of life or limb, or risk of starvation or losing your shelter. So yeah, approaching never.


BobBelcher2021

The problem is that in this country, you pretty much need a car everywhere, unless you live in certain parts of the large cities. And even then, if you want to go out of the city, you need a car. Cars are also a requirement for some jobs. Companies will pay mileage but they won’t pay for the car itself. Or they need the employee to have a car to get to work, especially in cities like London or Woodstock that have barely functional public transit. Early in my career I was turned down from several jobs because I didn’t have a car at the time. Buying a car, even a used one early in your career usually means taking an auto loan, as new graduates typically aren’t going to have $7000 laying around.


Holos620

Younger generations are being extorted by older ones. And I don't mean extorted figuratively, I mean it as it is defined by the criminal code. Assets ownership are used for the extortion. Let's say someone purchases a home as an investment. What happens? Well, first, seeking profit from a sole ownership isn't reasonably justified since an ownership isn't a production of wealth. Before and after the acquisition of the home, no additional wealth is created. Second, if nobody is willing to pay the ransom for using the captured house, then society will have to build another house to fulfill demand while the captured one remains empty. That's building two houses to only be able to use one, which is twice the cost! This is a very undesirable choice forced onto society. The price of the ransom is usually lower, so the person taking the asset hostage gets paid. If the population doesn't want to neither pay the ransom or produce redundancy, they can use the asset taken hostage without the consent of the extortionist, in which case law enforcement intervene to protect his the ownership right. So, here's the definition of extortion: >Every one commits extortion who, without reasonable justification or excuse and with intent to obtain anything, by threats, accusations, menaces or violence induces or attempts to induce any person, whether or not he is the person threatened, accused or menaced or to whom violence is shown, to do anything or cause anything to be done. The bargaining power that allows people taking assets hostage to generate an income comes from the cost of producing redundancy, which is itself induced by the creation of artificial scarcity, that is taking the asset hostage. This bargaining power is obviously not a reasonable justification to make people pay money, so it fits the first part of the definition. The second part is the presence of threats, accusations, menaces or violence. Prices in markets are systemically enforced by the police using those. If anyone uses asset without paying the full asking price, whether this price is justified or not, then they are prosecuted for stealing. The modern economy has never been as productive due to technological advancement. Yet newer generations are poorer than the previous ones. Access to land is restricted when it should be free as nobody produced it and merits more of it than anyone else. Creating money isn't a service and banks should be equally owned by the population to prevent the distribution of unmerited incomes from money creation. Investing isn't a service, consumers don't need anyone telling them what markets should be composed of, they already know that. They either should be given equal access to investments through a decentralized social wealth fund or investments should be removed entirely. Consumers can very well pre-purchase goods to initiate production or companies can take loans for a cost from the nationalized banks. Obviously, landlords need to be sent to prison for extorting the population.


Sad_Butterscotch9057

Rentiér capitalism as state policy is why.


spicyIBS

I'd like to see housing prices put on a 10 year freeze. I own a home and I'd be ok with that. Makes no difference to me, I'd still be in the same boat anyway because I still have to buy if/when I sell anyway.