New federal clean fuel regulations, which take effect on Canada Day, are designed to cut pollution from vehicles. Although there won’t be much of a change to pump prices across the country on July 1, experts say, there will be a noticeable increase several years down the road. (Kyle Bakx/CBC)
Salaries were frozen for a year to combat inflation in the 80’s
We had it worse
They could afford a house and a car with two kids, gas, cable, phone and buy groceries virtually on a single income.
Meanwhile we have:
A pollution crisis fueled by oil and plastics
We’ve been in recession since 2008 (or so it feels like it)
We’re facing runaway inflation rates fueled by corporate greed instead of regular economic factors
Interest rates are low, but property prices start at just under half a million in comparable areas, also interest in bank accounts give nothing and our savings lose value
We have widespread wage stagnation since the early 2000’s
The world is ending
We can barely afford a small 500sq ft condo with double professional income, without a car or even kids in the mix, and we cry every time we buy groceries. And the whole world is burning. But sure, they had it worse.
I don’t care if gas prices increase due to new regulations. It had to happen eventually. Maybe the day nobody will be able to drive to work will be the day they start investing in mass public transit.
That’s exactly my parents too, they have a good couple of million stashed away for their retirements. I was hoping when they sold our childhood home a few years ago they would help my sister and I with down payments. NOPE! They firmly believe that since they could do it we can do it, completely closed off to the idea that things are fundamentally different nowadays. Rent is 43% of my take home and I’m lucky!
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My boomer parents be like:
They could afford a house and a car with two kids, gas, cable, phone and buy groceries virtually on a single income.
Meanwhile we have:
We can barely afford a small 500sq ft condo with double professional income, without a car or even kids in the mix, and we cry every time we buy groceries. And the whole world is burning. But sure, they had it worse.
I don’t care if gas prices increase due to new regulations. It had to happen eventually. Maybe the day nobody will be able to drive to work will be the day they start investing in mass public transit.
That’s exactly my parents too, they have a good couple of million stashed away for their retirements. I was hoping when they sold our childhood home a few years ago they would help my sister and I with down payments. NOPE! They firmly believe that since they could do it we can do it, completely closed off to the idea that things are fundamentally different nowadays. Rent is 43% of my take home and I’m lucky!