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Tapioca · 11-03-2023, 08:19 AM

Very timely article in the Globe and Mail this morning about a 100K salary not being sufficient for a "middle-class" lifestyle in Canada's major cities:

https://www.theglobeandmail.com/inve...affordability/

Here's the accompanying Reddit thread, which is trending with over 600+ comments:
https://www.reddit.com/r/canada/comm...fortable_life/

The majority of posters on RS make well over 100K (some likely several hundred K), but 100K doesn't go as far as it used to, particularly for those without real estate in their portfolio.

Also, if you haven't noticed, the salary transparency act is now in effect in BC:
https://kpmg.com/ca/en/home/insights...rency-act.html

While some companies will probably not comply, you'll have more credibility going forward to call out your friends on their BS and their incomes based on their job titles.

11-03-2023, 08:19 AM	#28647
Tapioca OMGWTFBBQ is a common word I say everyday Join Date: Apr 2001 Posts: 5,201 Thanked 2,793 Times in 1,246 Posts Failed 81 Times in 54 Posts	Very timely article in the Globe and Mail this morning about a 100K salary not being sufficient for a "middle-class" lifestyle in Canada's major cities: https://www.theglobeandmail.com/inve...affordability/ Here's the accompanying Reddit thread, which is trending with over 600+ comments: https://www.reddit.com/r/canada/comm...fortable_life/ The majority of posters on RS make well over 100K (some likely several hundred K), but 100K doesn't go as far as it used to, particularly for those without real estate in their portfolio. Also, if you haven't noticed, the salary transparency act is now in effect in BC: https://kpmg.com/ca/en/home/insights...rency-act.html While some companies will probably not comply, you'll have more credibility going forward to call out your friends on their BS and their incomes based on their job titles.