this post was submitted on 25 Nov 2024
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Eh, that's fine, and I know how it sounds, but I feel there's a lot of assumptions being made about my living conditions 😜.
Well here is your soapbox to educate us on how a person exists day to day where they make 150k but $250 more is "needed".
I'm not going to dump all my personal details on here, but if you think for a minute where rent is >1500/mo, or housing is over 1M, or how the more you make gross, the less you net due to tax brackets, it shouldn't be that hard to figure out. You also need to consider not everyone is just an individual and needs to support themselves. Everyone's life is different.
Lastly, 150K CAD does not go very far these days. It sounds like a lot but with the costs of everything now, it's not that much.
150k of goods today was worth 252k in the year 2000, so costs have increased a lot.
https://www.bankofcanada.ca/rates/related/inflation-calculator/
And since the year 2000, housing has gone up 5x as much. Not to mention everything else.
I guess the surprising thing is that depending on the province, a gross salary of $150k nets well over $350 or so per day (before union dues, CPP, benefits, etc). Ultimately though, $250 is less than a day’s work.
Like, I get that you might be supporting a kid or 5, and maybe live in an expensive city, and that $150k doesn’t support that. Canada is fucked right now, and that’s not lost on anyone. But if that’s the case then $250 is like a squirt gun on a forest fire.
This is exactly what I am getting at. Also I think others might not consider that them and their partner are clearing that together. The over 150k I'm referring to is household income.