Grapefruits Posted September 10, 2014 Share Posted September 10, 2014 The Canadian Payroll Association says things are getting tougher for working Canadians. The CPA, in its sixth annual survey of thousands of Canadian employees, says it found more are living paycheque to paycheque, most are saving less than they should and even more are falling further behind in meeting their retirement goals. The association said the survey found that more than half of employees — 51 per cent — would find it difficult to meet their financial obligations if their paycheque were delayed by a single week. That was up from an average of 49 per cent over the past three years. Canadian debt load hits 165% of income For those aged 18 to 29, the number is even higher — 63 per cent report living paycheque to paycheque. Meanwhile, more than a quarter of respondents — 26 per cent — said they probably could not come up with $2,000 over the next month if an emergency expense arose. A new survey from the Canadian Payroll Association suggests more Canadians are living paycheque to paycheque and not saving enough. (Sean Kilpatrick/Canadian Press) And more than half reported saving just five per cent or less of their paycheque versus the 10 per cent recommended by financial planning experts, while 79 per cent expected to delay retirement until age 60 or older, up from an average of 70 per cent over the past three years. http://www.cbc.ca/news/business/more-canadians-say-they-re-living-paycheque-to-paycheque-1.2761708?cmp=fbtl ------------------------------------------------------------------- I know it's bad, but seriously, this bad? Guess I should consider myself lucky. Link to comment Share on other sites More sharing options...
KingAlex Posted September 10, 2014 Share Posted September 10, 2014 It's pretty bad. My highschool teacher once told me that he's in the top 15% of annual income in Canada. Just imagine how much higher of a percentile he will be after this strike. To think nearly 9/10 people don't even make as much as a Teacher. Link to comment Share on other sites More sharing options...
Gross-Misconduct Posted September 10, 2014 Share Posted September 10, 2014 I dont have that problem. Im a sandwich artist at Subway. Link to comment Share on other sites More sharing options...
CanadianLoonie Posted September 10, 2014 Share Posted September 10, 2014 I dont have that problem. Im a sandwich artist at Subway. Do you get to eat for free? Link to comment Share on other sites More sharing options...
TheRussianRocket. Posted September 10, 2014 Share Posted September 10, 2014 Sucks. Shows the trend of things and how unlucky times are getting. Link to comment Share on other sites More sharing options...
Gross-Misconduct Posted September 10, 2014 Share Posted September 10, 2014 Do you get to eat for free? no. I was joking. I imagine sandwich artists dont get much money. Link to comment Share on other sites More sharing options...
TOMapleLaughs Posted September 10, 2014 Share Posted September 10, 2014 Yet everyone seems to have the cash for all their new tech purchases. Link to comment Share on other sites More sharing options...
The Magician Posted September 10, 2014 Share Posted September 10, 2014 Yet everyone seems to have the cash for all their new tech purchases. Teh credit cards tho Link to comment Share on other sites More sharing options...
LuckyLuciano Posted September 10, 2014 Share Posted September 10, 2014 I spent all my monies on steroids Link to comment Share on other sites More sharing options...
Gross-Misconduct Posted September 10, 2014 Share Posted September 10, 2014 I spent all my monies on steroids yeah but they paid off Link to comment Share on other sites More sharing options...
Heretic Posted September 10, 2014 Share Posted September 10, 2014 It's pretty bad. My highschool teacher once told me that he's in the top 15% of annual income in Canada. Just imagine how much higher of a percentile he will be after this strike. To think nearly 9/10 people don't even make as much as a Teacher. LOL - nice "fake" post! Either that or your high school teacher was lying to you! Yes, it's bad, seems just about everyone I know is struggling financially - myself included. Link to comment Share on other sites More sharing options...
aGENT Posted September 10, 2014 Share Posted September 10, 2014 Yet everyone seems to have the cash for all their new tech purchases. And I see a LOT of luxury cars in front of otherwise average suburban homes. A LOT of people living beyond their means. Link to comment Share on other sites More sharing options...
SabreFan1 Posted September 10, 2014 Share Posted September 10, 2014 Canada is getting more Americanized by the day. Link to comment Share on other sites More sharing options...
TLindenIsGod Posted September 10, 2014 Share Posted September 10, 2014 And I see a LOT of luxury cars in front of otherwise average suburban homes. A LOT of people living beyond their means. Doesn't bother me, when they run out of money and get repo'd i'll be happy to buy all their stuff at a discounted rate. Link to comment Share on other sites More sharing options...
CanadianLoonie Posted September 10, 2014 Share Posted September 10, 2014 Canada is getting more Americanized by the day. We should build a wall along the border to stop this crap from sneaking in... Link to comment Share on other sites More sharing options...
KingAlex Posted September 11, 2014 Share Posted September 11, 2014 LOL - nice "fake" post! Either that or your high school teacher was lying to you! Yes, it's bad, seems just about everyone I know is struggling financially - myself included. The teacher worked at the school for about 8 years, plus he was a Drama teacher so he had other things too do. But still! 9/10 people don't make more than an experienced drama teacher with a little extra work on the table. Pretty sad. Link to comment Share on other sites More sharing options...
LuckyLuciano Posted September 11, 2014 Share Posted September 11, 2014 My gf is a teacher and I know she's pulling close to 90k annually. She is at a private school though. Link to comment Share on other sites More sharing options...
Rey Posted September 11, 2014 Share Posted September 11, 2014 I wonder if the other 30% are living in their mom's basements. Link to comment Share on other sites More sharing options...
:D Posted September 11, 2014 Share Posted September 11, 2014 Living paycheque to paycheque but have had the iPhone 4, 4s, 5 and taking the day off to line up for 6 Link to comment Share on other sites More sharing options...
Darkstar Posted September 11, 2014 Share Posted September 11, 2014 Living paycheque to paycheque but have had the iPhone 4, 4s, 5 and taking the day off to line up for 6 Living the North American dream! Link to comment Share on other sites More sharing options...
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