Quote:
Originally Posted by jasonturbo
Personally I'm terrified for the financial future of Canada, we have an impending retiree crisis, stagnant wages, sky high housing prices, high taxes, a leader who is so PC he makes Hilary Clinton seem offensive, and abundance of resources that simply may not be as valuable as people once thought.
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This is all I think about as well. In 5 years, will all current post secondary grads have well paying jobs they buried themselves in debt for? Will rent rise because investment property owners need to pay off their mortgages faster because the market went softer and / or rates went up?
When oil keeps sinking and more jobs are lost, what will Canada brag about to the world? Selfies and Nelly Furtado's rendition of the national anthem? I mean I read a couple of articles a while back that showed for every $1.00 the average Canadian earns, they spend $1.06. Then it went to $1.09. Does it mean $1.50 isn't too far? Also, BC now surpasses every other province for people who use
payday loans.
I'm not trying to sound like a fearmonger but I legitimately wonder what path we are heading down. I'd absolutely hate to think we'd end up like the US circa 2008.