Finance minister doesn’t rule out new taxes on wealthy or corporate Canada in upcoming budget
kora
link
fedilink
75M

No such thing as middle class, not even in Canada.

Papamousse
link
fedilink
55M

Yeah, what is middle-class really now? Even if in a couple you own 100k, it’s not much nowadays especially in Vancouver/Toronto , with houses at 1M…

100k is the new 50k of before. In Québec, teachers or nurses own 100k+, policemen/firefighters too, half of municipal employees are at 100k+, provincial/federal employees 100k+, etc

Nik282000
link
fedilink
95M

In 2023 the average household income was 75K and the average home price was 715k. >9x

In 1999 the average household income was 57K and the average home price was 229k. ~4x

Even if you make 100K you are still just doing “ok” in Canada because the value of your work has been cut by more than half in the past 20 years.

Papamousse
link
fedilink
25M

Absolutely, it’s almost impossible to buy a house. How can people have a 6k/month mortgage is beyond me

The average worker makes $60k in Canafa and the average CEO made $14.9 MM in 2022. Where all my middle class homies makiing millions per year at? Bueller?

Source

Create a post

What’s going on Canada?



Communities


🍁 Meta

🗺️ Provinces / Territories

🏙️ Cities / Regions

🏒 Sports

Hockey

Football (NFL)

  • List of All Teams: unknown

Football (CFL)

  • List of All Teams: unknown

Baseball

Basketball

Soccer


💻 Universities

💵 Finance / Shopping

🗣️ Politics

🍁 Social & Culture

Rules

Reminder that the rules for lemmy.ca also apply here. See the sidebar on the homepage:

https://lemmy.ca


  • 1 user online
  • 140 users / day
  • 329 users / week
  • 680 users / month
  • 2.26K users / 6 months
  • 1 subscriber
  • 5.26K Posts
  • 47.4K Comments
  • Modlog