Is 100k Even A Living Wage Anymore?

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[LaurenSouthernOfficial]

It’s pretty wild to me that all the polling shows the majority of Canadians cannot keep up with inflation and there are still people here in the comments acting like I’m insane for pointing this out. OF COURSE 100k is a lot of money. Of course anyone on that is very privileged. That’s the point! The fact that someone in a very privileged position is even capable of living in a major Canadian city with very little savings left and fairly reasonable spending is a bad omen for all of us.

ESPECIALLY Canadians on normal wages, who unlike people on 100k are suffering the brunt of inflations consequences.

This is not a video about how hard people on 100k have it lol, it’s a video on how freaking bad the Liberals have screwed up the economy.

Hope you're all holding up well, and for those of you who have left Canada, moved to small towns etc. good for you!

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[sean]

The fact that you didn’t factor in Chad’s gym membership into his expenses is disappointing

[ywysdzx]

It's almost like the stage is being set for a....GREAT RESET

[mrdee]

I love when you cover modern job market and wages. As young person the whole system is broken they want 60 hour work weeks to barely afford food and to rent a one bedroom flat. While taxes are spent giving refugees free housing and welfare with open borders. I can't do this

[angelmartin]

We would never put our children with strangers all day, it's crazy to me that has become normal.

[veronikamiteva]

Lauren, you’re the only one who talks about actual issues…things that directly affect us…..believe me, I’m neither left nor right….I’m just desperate for common sense and wondering why we allow this. YOU are the only person willing to cut through the entertainment aspect on each side, and actually point to the big elephant in the room. Please don’t stop.

[anthonykim]

You bring up a good point, Lauren, that health care isn't 100% "free" in Canada. Dental, opto, prescription drugs, audiology, physiotherapy are all either out-of-pocket or you need to pay for separate insurance.

[EricWhitcomb]

"Leaving Chad with the option of buying the crack house shed for one million dollars." Good line that made me have to pause and laugh for a bit.

[jamesalewis]

Hits home. I was salaried at $65k USD (~88k CAD) until early this month. When I agreed to that salary, I thought it was great! Then I realized our margin was only like 10% over our basic needs. I'm glad we were frugal because we had about a month's income saved. Now I'm scrambling to re-launch my self-employed gig while on a job hunt.

[PierceMD]

I work in residential care, and getting 24% of each paycheck taken off is what's ruining me

[SaltyMcBoatFace]

this isn't just true for Canada, England is going the exact same way, my parents bought their house in the late 80's for a mere 17k, now its valued at 130k, my only option of moving out is to go and live on a boat, i'm genuinely worried about what the next 10 years will bring for not only me but my whole generation

[yeetdeets]

0:00 - intro
1:02 - Noble Gold
2:27 - Chad personal finance
7:48 - Gold diggers are fkd
8:15 - "Luxury" expenses
9:25 - House maybe?
11:39 - Chad is a Chad, most people are not Chad
14:02 - Dual income with kids
15:40 - The economy black pill

[MrGhoulie]

That Million dollar home BLEW MY MIND! I live in rural USA and the average cost for nice sized suburban style home is 500k, that million dollar house would go for $50k where I live.

[christiannoenaim]

The truth is that 100K is not enough for a family of 4 to live on in many parts of Canada and the US. That is a huge problem, and most politicians are making it worse by design.

[NaudeLloyd]

If only there was some kind of worldwide organization which will own everything and have us live in it and be happy

[twopeopleinparadise]

When we first got engaged, my wife and I moved in with my parents for two years in an effort to save every dollar in order to build a small home on cheap land in rural Nova Scotia. We thought that was attainable with our software developer and graphic design jobs, but by the end of those two years it was clear we'd never make it, and that if we tried we'd eventually lose the house.

So one week after our wedding, we left Canada for El Salvador. Life has never been better. We live in a tropical paradise next to some of the most beautiful beaches on earth, and our monthly living expenses are US$1200. Everything else is going into savings. We will build a home and retire here.

The people are kind and generous. The kids prefer soccer to iPads. The men are men and the women are women. Family and community are important. God is at the centre of life.

The only regret we have is staying in Canada as long as we did.

[DUBaviator]

This makes me so sad, we are in a similar situation here in Dublin, Ireland. The future is looking a bit shit.

[jay-shredds]

Thank god I’m gonna win the lottery . The budget will balance itself . Thanks Justin!

[baddudecornpop]

$28k in taxes wtf lol. And they're just gonna send it all to ukraine

[seanstreck]

I'm not poor or looking for any sympathy but my 100k+/- w-2 income this year will afford me about the same financial latitude I had making 70k 5 years ago. It's not just that things are more expensive, you get less for the same price and there's far fewer discounts out there.

For example, when I was in my mid 20s I'd very often work out in the evening then go find a happy hour for something like wings and a beer or 2. Almost always I could find somewhere for $20 after tip. Now 2 beers and wings is $35 out the door with no happy hours. It's death by 10000 price increases and removal of discounts.