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$36 000/year Canadian for a single 29 year old person with no debt is far from poor. Especially considering he enjoys his job. If he uses the same entitled tone

by cantos 14y ago

$36 000/year Canadian for a single 29 year old person with no debt is far from poor. Especially considering he enjoys his job. If he uses the same entitled tone in interviews its no wonder he has an issue.

randomdata 14y ago
In fact, that seems to be right around the average income for a single earner in the country. I wonder why he feels he is so hard up when he is no worse off than at least 50% of the population?
kareemm 14y ago
That depends on where you live. Grossing $36k annually in Toronto or Vancouver doesn't go very far. Assume 27k net = $2,250 per month. $800 for rent, $400 for student loan, $300 for food, $300 savings, $200 entertainment, $250 for gas and insurance (assuming you own a car) and you're at 0. And don't even think about getting into the housing market. Maybe the condo market with help from parents or 5-10y savings for a down payment...
- adamzochowski 14y ago
  Lone Person in Toronto has median of 22k http://www.statcan.gc.ca/tables-tableaux/sum-som/l01/cst01/famil107d-eng.htm http://www.statcan.gc.ca/tables-tableaux/sum-som/l01/cst01/f... Lone Person in Toronto treated as Family (single parent) has median of 39k http://www.statcan.gc.ca/tables-tableaux/sum-som/l01/cst01/famil107c-eng.htm http://www.statcan.gc.ca/tables-tableaux/sum-som/l01/cst01/f... I noticed that you put down 300$ into savings, but later, at end of month, you claim that there 0$ left, as if savings evaporated. Other numbers As per housing / condo market I totally agree. Toronto and Vancouver are way overpriced. To anyone interested on Canadian housing market I recommend checking out http://www.greaterfool.ca/ http://www.greaterfool.ca/
- cantos 14y ago
  Average student loan for an undergraduate degree is 27,000 [1] so on average it would be payed off by that time. I haven't lived in those cities but I would guess public transport is good enough that owning a car is not a requirement, its more like entertainment spending. (I know people who have lived in the GTA without needing a car. I don't know exactly what their rent costs were, possibly a little over $800 but not more than $1000). Sure he will not be getting a home in the immediate future but unless something terrible happens his salary will only go up . In 5 years, when he probably will have a 2 person family judging by his eagerness for marriage, a small home will be within reach. [1] http://www.theglobeandmail.com/news/british-columbia/the-crushing-weight-of-student-debt/article625694/ http://www.theglobeandmail.com/news/british-columbia/the-cru...

by cantos 14y ago

randomdata 14y ago

In fact, that seems to be right around the average income for a single earner in the country. I wonder why he feels he is so hard up when he is no worse off than at least 50% of the population?

kareemm 14y ago

That depends on where you live. Grossing $36k annually in Toronto or Vancouver doesn't go very far. Assume 27k net = $2,250 per month. $800 for rent, $400 for student loan, $300 for food, $300 savings, $200 entertainment, $250 for gas and insurance (assuming you own a car) and you're at 0. And don't even think about getting into the housing market. Maybe the condo market with help from parents or 5-10y savings for a down payment...

adamzochowski 14y ago
Lone Person in Toronto has median of 22k http://www.statcan.gc.ca/tables-tableaux/sum-som/l01/cst01/famil107d-eng.htm http://www.statcan.gc.ca/tables-tableaux/sum-som/l01/cst01/f... Lone Person in Toronto treated as Family (single parent) has median of 39k http://www.statcan.gc.ca/tables-tableaux/sum-som/l01/cst01/famil107c-eng.htm http://www.statcan.gc.ca/tables-tableaux/sum-som/l01/cst01/f... I noticed that you put down 300$ into savings, but later, at end of month, you claim that there 0$ left, as if savings evaporated. Other numbers As per housing / condo market I totally agree. Toronto and Vancouver are way overpriced. To anyone interested on Canadian housing market I recommend checking out http://www.greaterfool.ca/ http://www.greaterfool.ca/
cantos 14y ago
Average student loan for an undergraduate degree is 27,000 [1] so on average it would be payed off by that time. I haven't lived in those cities but I would guess public transport is good enough that owning a car is not a requirement, its more like entertainment spending. (I know people who have lived in the GTA without needing a car. I don't know exactly what their rent costs were, possibly a little over $800 but not more than $1000). Sure he will not be getting a home in the immediate future but unless something terrible happens his salary will only go up . In 5 years, when he probably will have a 2 person family judging by his eagerness for marriage, a small home will be within reach. [1] http://www.theglobeandmail.com/news/british-columbia/the-crushing-weight-of-student-debt/article625694/ http://www.theglobeandmail.com/news/british-columbia/the-cru...