Quote:
Originally Posted by ssiguy
The reality is that our standard of living has plunged in the last 40 years. Young people today simply don't realize how much of a lower standard of living they have than their parents and grandparents. They think having to go to university for 4 or 5 years and having their spouse do the same so they can get a one bedroom walk-in-closet means they are living the Canadian dream.
It's truly pathetic how many young people's long-term financial goals rely on their parents dropping dead. That of course assumes they picked the right parents because if they didn't they they will be a debt slave for the rest of their lives. We were once a very high income nation and now we are a high income one. We will never even touch Greece's situation but in 40 years we could be near Italy's but with an astronomically higher cost of living due to our ridiculous housing costs.
We are a nation in decline and we must make a radical change in course in our economic policies and a monumental decline in our immigration levels is where we have to start.
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This is total nonsense. 40 years ago most graduates couldn't even get jobs. Vacations outside the province and even restaurants were rare for most. New clothes were a once a year thing for most families.