Is everyone in Canada really becoming poor?

J

Johnnny

Frontiersman
Jun 8, 2007
9,388
124
63
Third rock from the Sun
The Financial Post released an article saying that a fair share of Canadians are $200 away from financial ruin. That's crazy.

I never thought much of it but I have noticed I'm the only one in my group of friends that even pays into a RRSP and has a TFSA. I'm saving for a new car but I assumed my friends were just an anomaly.

It can't be that bad out there but apparently it is.
 
Hoof Hearted

Hoof Hearted

House Member
Jul 23, 2016
4,458
1,163
113
Lots of people...many seniors...are house rich yet cash poor. Kinda like owning a fancy car you never get to drive.

I'm due to inherit substantial cash and property down the line, but it doesn't make me any less ambitious. I'm having trouble making ends meet these days, but I know it won't always be that way. But I suppose I'm one of the lucky ones.
 
DaSleeper

DaSleeper

Trolling Hypocrites
May 27, 2007
33,676
1,666
113
Northern Ontario,
If you don't want to be cash poor....
The question you have to ask yourself when you see something in a store...
Is it a need? or a want?
If it's a "want" ....... Wait until tomorrow to make the decision to buy it.
 
MHz

MHz

Time Out
Mar 16, 2007
41,030
43
48
Red Deer AB
You should include that as part of your campaign to be the head head-chopper. You got a catch phrase yet?
 
White_Unifier

White_Unifier

Senate Member
Feb 21, 2017
7,300
2
36
Johnnny said:
The Financial Post released an article saying that a fair share of Canadians are $200 away from financial ruin. That's crazy.
I never thought much of it but I have noticed I'm the only one in my group of friends that even pays into a RRSP and has a TFSA. I'm saving for a new car but I assumed my friends were just an anomaly.
It can't be that bad out there but apparently it is.
Click to expand...

What we need is to spend more on official bilingualism. God forbid a French Canadian on an international Air Canada flight fails to be served a 7-Up in French.

Priorities, I say! :)
 
MHz

MHz

Time Out
Mar 16, 2007
41,030
43
48
Red Deer AB
White_Unifier said:
What we need is to spend more on official bilingualism. God forbid a French Canadian on an international Air Canada flight fails to be served a 7-Up in French.

Priorities, I say! :)
Click to expand...
Forget that, lets deal with something important, like all those 'code words' you just tried to slip through.
 
Walter

Walter

Hall of Fame Member
Jan 28, 2007
34,878
122
63
Saving 10% of everything you earn will guarantee you won't be poor in retirement.
 
MHz

MHz

Time Out
Mar 16, 2007
41,030
43
48
Red Deer AB
Hoof Hearted said:
MHz...

The Mothership will pick you up at the usual coordinates.
Click to expand...
Where do you think was was for the 'missing 2 years'? This return is 'like a wish come true', for one of us anyway. Why does the term, 'last man standing' seem to apply here??

 
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