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Old April 22nd, 2014, 06:06 PM   #1
Taller, Better
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Canada’s middle class now world’s richest, study suggests

http://www.theglobeandmail.com/repor...ticle18090490/



Business Briefing
Canada’s middle class now world’s richest, study suggests

Michael Babad

The Globe and Mail

Published Tuesday, Apr. 22 2014, 10:19 AM EDT

Last updated Tuesday, Apr. 22 2014, 11:21 AM EDT


Middle class gains
Canada’s middle class appears to be leading the rest of the developed world when it comes to income, a new study suggests.

The in-depth report published today in The New York Times indicates that Canadians have bumped Americans out of the top spot they have long held....



read it all here:
http://www.theglobeandmail.com/repor...ticle18090490/
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Old April 22nd, 2014, 06:24 PM   #2
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Don't really feel we are rich when living in B C.
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Old April 22nd, 2014, 06:43 PM   #3
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I'm afraid that probably the tally of personal wealth includes our inflated house prices!
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Old April 22nd, 2014, 07:22 PM   #4
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weird that they had to use "Median" as statistical basis..
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Old April 23rd, 2014, 12:10 AM   #5
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Quote:
Originally Posted by Yellow Fever View Post
Don't really feel we are rich when living in B C.
Well, maybe you don't feel rich by Canadian standard, but as an immigrate, your middle class incomes looks like a really wealthy incomes back in my country
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Old April 23rd, 2014, 01:17 AM   #6
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If you own a house here, you're rich. Even if you took a loan to own a house, you sell it, you'll be rich. Best investment so far for middle class Canadians, i'd say.
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Old April 23rd, 2014, 01:23 AM   #7
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Well, maybe you don't feel rich by Canadian standard, but as an immigrate, your middle class incomes looks like a really wealthy incomes back in my country
Yes for immigrants. And as an immigrant, you should be smart too in handling your money or if you use your investment somewhere else like starting a small coffee shop back home.

Also, there are immigrants who have string attach back home, money remittance is just part of their life to be able to help feed their extended or immediate family left behind. It is a difficult situation if you're a new immigrant, specially in the case of many Filipinos.
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Old April 23rd, 2014, 05:39 PM   #8
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strings-attached seems to be the best way to describe it.
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Old April 23rd, 2014, 10:56 PM   #9
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I'm afraid that probably the tally of personal wealth includes our inflated house prices!
Yep, nowadays the prices have gone so high and that was one of my reasons why we sold our first house then downgraded and bought a 50 yr old home, then renovated it. I find it cheaper that way and i think we're staying here for good since our kids are growing up now too, and because we like our neighbourhood.
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Old April 23rd, 2014, 10:58 PM   #10
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Don't really feel we are rich when living in B C.
One step at a time.

I also went through financial difficulties during my first few years as a homeowner. But you'll learn from it and as long as you will not make some big change in your lifestyle, you'll be fine.

YF, i think you wanna consider buying even a small house just for the sake of investment and for your future kids. Unless if your cougars doesnt want you to do.
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Old April 23rd, 2014, 11:23 PM   #11
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YF, are you having financial difficulties??
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Old Yesterday, 05:58 AM   #12
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Whenever I feel poor and miserable, I compare myself to my older brother in Mexico and realize how rich I am
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Old Yesterday, 04:02 PM   #13
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YF, are you having financial difficulties??
move to vancouver and you'll know what I mean. Everything except chinese foods is so !@#$% expensive here.
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Old Yesterday, 04:08 PM   #14
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Quote:
Originally Posted by spearhead View Post
One step at a time.

I also went through financial difficulties during my first few years as a homeowner. But you'll learn from it and as long as you will not make some big change in your lifestyle, you'll be fine.

YF, i think you wanna consider buying even a small house just for the sake of investment and for your future kids. Unless if your cougars doesnt want you to do.
I'm actually doing fine but in general, living in BC is much more expensive than living in anywhere else in Canada.
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Old Yesterday, 04:41 PM   #15
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YF, have you ever considered moving in Ontario.
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Old Yesterday, 04:50 PM   #16
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I'm actually thinking moving to Montreal when I'm retire. So that I can go to see the Habs games.
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Old Yesterday, 04:55 PM   #17
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Thats cool!
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Old Yesterday, 05:15 PM   #18
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Quote:
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I'm actually thinking moving to Montreal when I'm retire. So that I can go to see the Habs games.
Pfff Ontario is the good province
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Old Yesterday, 05:20 PM   #19
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But Montreal is cheaper and I love french cougars.
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Old Yesterday, 05:25 PM   #20
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When did you become a big Habs fan, YF? I thought you were a Canucks fan? hehe..

You should visit Montreal; it is quite different than Vancouver so good to check it out first before moving.
Have you considered moving back to the Prairies? You loved it there..
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