Is 100k Even A Living Wage Anymore?

[@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! PS. As usual a big thank you to today's sponsor for giving me the time to spend hours making this ~ you can check out Noble Gold at tinyurl.com/86nuam7s or CALL [phone]

[@Scott-W]

But surely bringing in millions more and printing trillions more will ease the pressure…

[@minutemanhomestead7214]

Idk lauren as a disabled vet i live off 18k a year and i still make it work

[@sungod86]

Yes, but Vancouver is a big city like Toronto, Ottawa and Montreal. Most of Canada is not like that, rural and alot cheaper.

[@Liberty_Tree]

None of it matters...Why? Because the Ideological Leftists (Feminists, Alphabet people, and the simply lazy) hate those who want to achieve their dreams via individual Liberty with so much vigor, that they'll suffer indefinitely, just so they have someone to hate and blame. These are people with evil souls. You cannot reason with them. They will break every law, lie every lie, and destroy anyone who dares challenge them. Because they, and the government bureaucrats are all on the same team. The system is completely corrupt, and they're all willing to go down with the ship. It's us who need to decide how committed we are to our lives of Liberty...and that's the scary part

[@Ben_Demon_Hunter]

DDDUUUUUHHHHHH....

[@sean634]

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

[@LaurenSouthernOfficial]

😂

[@casey8228]

Lol!

[@sizzlinbacon21able]

@@LaurenSouthernOfficial Chad's workplace has a gym for him. That's how companies attract the Giga-Chads in the first place.

[@happyinfidel1]

@@LaurenSouthernOfficial Love yr vids Lauren, they are real life Khanaduh! style. I'm old and scared for us. As the book title says "There Will Be Blood"!

[@Nephanor]

He's a SMART Chad, he got a 5th floor apartment and only takes the stairs. No gym needed, especially when carrying groceries.

[@baddudecornpop7328]

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

[@maximustrolleus9860]

I remember a few yrs ago ppl used to complain that nobody cared about poor white countries lol. To me it just seems like political theatre where ppl are just virtue signalling. Its the same when ppl complain that our govt doesnt care about our veterans or homeless and yet when the govt does, ppl start complaining that the homeless dont deserve it since they are too lazy lol. Ive had ppl say that literally in the same sentence too

[@mohamedghaithmajjani8553]

I did not think Canada was doing much of that.

[@mrdee2454]

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

[@sekiro3074]

Pretty close.. It's gotten really bad.

[@MathTutorVideos]

@@sekiro3074 That's actually spot on in Victoria, if you're single. My "700 sq ft" basement suite near UVic costs $1950 + utilities that average about ~300 per month. So basically, $2250 all in for utilities + sewage + garbage + rent. My transportation expenses average about $5 dollars per day to get to/from work. So that's $150/month roughly. That's with my car paid off and just paying for gas. So $2400. Add $150 / month for insurance. You're up to $2550. My take home pay after taxes working about 10 hours of overtime every 2 weeks or one extra-shift is $3000/month. So that's basically 45 hours per week and I have $350 to spend on my cellphone, internet, food, entertainment, toilet paper, cleaning supplies, clothes, shoes, medical, dental, car maintenance (oil, wiper blades, repairs, etc) and "savings" or about $11.50/day. However, I know that my car will die eventually, so I tend to do door-dashing at a crappy $10 dollars/hr or so after expenses per hour, about 40 hours a month or 10 hours a week to get another $200 per paycheck which mostly goes towards my car upkeep and/or saving for a down payment on my next-car and will then go to my next-car payments.... wee. As a result, I work about 55 hours a week and save about $100 per week. So I can save about $5,000 per year, working 55 hours per week, assuming nothing-goes-wrong.

[@petitemaam]

If you haven't noticed, they have made slaves of the working class people.

[@joekerr6035]

@@MathTutorVideos It's like that but worse in California. If you're single with no help, good luck getting a place on your own. Almost everyone here in the Bay Area is a roommate.

[@kevinwantstoshred]

Canadian politicians are completely disincentivizing work. Why kill yourself working for half of it to be taken from you lest you go to jail?

[@angelmartin7310]

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

[@Skeptique]

I have to laugh when people say they have children so someone will look after them when they are old. If they think they can dump their kid in daycare and this kid won't grow up to dump their parents in an old age home, they're dreaming.

[@angelmartin7310]

@@Skeptique Forget just daycare, even sending them off to school with strangers is so dangerous. I didn't plan to homeschool until the first time I imagined what could happen to them in even the best school when it came time to send them there. I can't even fathom being ok with that.

[@hypergraphic]

@@angelmartin7310 My wife and I also homeschool but I am well aware we can only do it because I work from home and she works 5 minutes away from home. Maybe a more easily doable model would be to have a group of parents set up their own school for the kids and hire one or more teachers but keep it more or less small and self-directed as much as possible.

[@CoolPapaJMagik]

A lot of it is that women are not taught to respect motherhood, but instead taught to build their careers. They are trying to raise men as women and women as men

[@Gangst3r4ever]

@@angelmartin7310 So how do you plan to socialize them?

[@veronikamiteva5019]

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.

[@mikemontgomery2654]

The main reason is that people don't like making common sense choices, especially when electing political leaders. Before the turd got in, I was warning people of how the reckless Lib policies were going to affect us very negatively. Those people didn't want to hear it and here we are.

[@JohnnyDarko01]

because anyone who questions the current administration is labeled as some kind of bigot... for questioning economic policy

[@iskdude9922]

Well if youre at all rational you gotta be a right winger.

[@veronikamiteva5019]

@@iskdude9922 that’s true lmao

[@Undomaranel]

We "allow" it because no one says it is too much and puts their foot down. There is always going to be an elite class that can afford things, but when the poor are barely scraping by their voices aren't heard, even when they do put their foot down. You know from history what people do against tyrants, the Robin Hoods and the French Revolution and such. I hope you can get your point across without those measures...

[@anthonykim6345]

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.

[@Skeptique]

Most people with $100K salaried jobs are going to get employer-paid benefits.

[@DeepsongProductions]

@@Skeptique Yes... and also pension benefits. But they are partly paid for by the employee as well as union dues... However... I can recall a time when I saved over $10k in dental bills one year bc of the benefit... likely 15 or 20k these days... Thing is though... things look like they're going to get worse, a lot worse...

[@mrbidwell]

And let’s not forget the quality of the healthcare…

[@xdrowssap4456]

lol. that is a black pill on top of a cr@p sandwich

[@johnryan1386]

Similar deal in Australia

[@christiannoenaim3231]

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.

[@michaelmammoth1010]

Families of four are living on 60K pretty regularly in the US. Holy cow, the bubble you must live in.

[@wadewilson5712]

@@michaelmammoth1010 umm thats still living paycheck to paycheck unless they live out in the woods type small towns

[@Justinsox39]

@@michaelmammoth1010 60k!! Not in liberal run states. In mass you gotta make 100k at least for a family of four. California and New York much worse

[@mikejames8031]

there are hundreds of small towns all over the Country in theUSA that you can live just fine on 50-80 K The Dems are trying to destroy that and in two more years you may be correct!!

[@enricojaun2880]

@@michaelmammoth1010 surviving? Sure, living no.

[@user-yw9ys3dz7x]

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

[@kevinwantstoshred]

Its not merely set, it's in motion!

[@henryjubeda7617]

By Rothschild heir klaus schwab

[@quorthunsargeras7054]

There's always a reset in economy structure every few decades... The "Great Reset" is a bunch of conspiratorial mumbo jumbo to hype up the next major economy structural changes tbh. Once a reset actually happens the "Great Reset" people will say "I Told You So" and in the end, it wasn't really a big deal.

[@user-yw9ys3dz7x]

@@quorthunsargeras7054 right

[@vladimirpastukhov7538]

Yep

[@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.

[@saccaed]

In near exactly the same situation. Laid off at the start of the month, near the same salary, same frugal lifestyle. Luckily I have a few months saved, but am doing exactly the same in figuring out what self employed stuff I can do while either finding a decent paying job again or self employment that does the same. 2008 is back again, soon to be followed by all the fun times of 2011.

[@neitsytmaria6401]

@@saccaed what are the fun times of 2011?

[@jamesalewis]

@@saccaed what's the side gig? Maybe there's some way we can help each other out!

[@saccaed]

@@neitsytmaria6401 Sending out resumes and sitting through interviews numbering more than a hundred and not getting a single contact back even something as simple as thanks for applying. Same was true for friends that were trying for any work that wasn't just minimum wage. 2011 to ~2013 was a stupid job market. Had all of the veteran employees that were laid off chasing everything down to entry level positions and it really made it hard for fresh out of college or training applicants to get any start.

[@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.

[@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.

[@LaurenSouthernOfficial]

I'm so glad you were able to escape this broken country! God bless you and your family x

[@Kyle_Fall]

Thank you for sharing, this is the answer for middle-class people whether in a couple or single. Making an income from a developed country and living in a 2nd/3rd world country. This is only the start, the numbers Lauren pointed out in this video are gonna be much worse in 5 years. Everyone should have at least a plan to get out while they still can.

[@bulldogsofeastvan5647]

Funny, my friends from El Salvador speak differently of their motherland!

[@Kyle_Fall]

@@bulldogsofeastvan5647 I think it's massively different if you're a native and can only work in the local currency vs being digital workers earning a Canadian salary and being able to live wherever you want.

[@n9ne]

it says El Salvador has the highest homicide rates in the world xD 61/100k people that's insanely high. it's the nr1 most dangerous place on earth..

[@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.

[@newbris]

Supply and demand I guess

[@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

[@Rick_Cleland]

What Arrrrrrrrrrrrrr ya' doing with me GOLD!!?

[@wtf_usa5597]

😂😂😂😂 Thanks!!

[@Poodz_]

I sat down and did the maths about a month ago for myself. Living as I am right now, with my decent job in tech, renting a shared house with my friends, I could afford a deposit on a cheaper property basically in the middle of nowhere, I'll be about 55 years old. That's assuming current prices. Honestly just going to take life for a ride and see if the world changes in time. We could really become a silent generation.

[@christopheryoung2874]

US housing market is headed for a big crash. Im so happy about it!! people get pissed when I talk about how happy I am that home values are about to go down a lot. Maybe Canada will crash too!

[@Poodz_]

@@christopheryoung2874 I would be happy if house prices crashed here as well, as should any other non-homeowner, it's a no-brainer. It has a lot of potential to happen.

[@saccaed]

@@Poodz_ That is just about everyone in the US and Canada that is praying for the housing market to implode. As for being a silent generation, both the US and Canadian governments are hoping for just that. When you think of what else can happen when HUGE portions of society have near literally nothing left to lose that would prevent otherwise inconceivable actions, it's not hard to get into war gaming the odds that the 2030s rhyme with the 1930s and all the eccentric enthusiasm those years entailed.

[@aemeliamead1022]

I’m a 26 y/o homeowner and I also hope this market crashes.. I bought my house because it was the only thing I could get at the time. It’s a bit too small though to raise a family but we can’t afford to upgrade

[@newbris]

Generally if houses implode enough to make a significant difference then everything else does too. Jobs, economy etc

[@PierceMD]

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

[@janisir4529]

24% income tax isn't even high.

[@googm]

@@janisir4529 it is when just having a roof over your head necessitates another 25%.

[@janisir4529]

@@googm I'm not trying to deny your issues, just telling you it could be much worse...

[@PierceMD]

It becomes a problem when I need to drive and gas is $2 a litre. I'd rather not live paycheck to paycheck and constantly being told to buy an electric

[@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

[@mrbillhilly343]

My dad bought his Sydney 3-bed suburban home for AU$30,000 in 1978.... It's now worth AU$1.3million in 2022. The housing market has been RUINED due to Boomers selling houses to the CCP & governments making infrastructure Sydney-centric; so people have no choice but to live in or commute in & out of Sydney.

[@roleplayingpain4349]

when you live on a boat it's easy to become a Salty McBoatFace

[@jsplit9716]

it's the same all over the developed world.

[@charitybrook6279]

I wish I could get a shack for 130k where I live 😂😭😅 WA state, good luck finding a pile of sticks for anything less than 350k, 2 bedrooms or more you'll be paying upwards of half a million

[@benjaminchartier6458]

I am lucky to be living in a rural section of rural north Florida, and I could afford a doublewide trailer and a lot,still making a 1100 dollar a month mortgage

[@samt5716]

We’re rooting for you Chad!

[@NaudeLloyd]

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

[@stevedmytrusz8347]

It certainly seems like we're headed in that Klaus Schwab direction.

[@Rosemari753]

Ha, nice one

[@WillBuracas]

Once they get their CBDC in... We be straight fooked

[@bloodspartan300]

WEF

[@jamesyandsonsoutdooradvent9394]

I don't know if 100K a year is a living wage but I sure as hell would like to try it out

[@tzuxander9181]

No shit. For folks on disability pension or the like it’s more than 3x what they get

[@CoolPapaJMagik]

Right? I make about 40k and I get along by living sparingly. Of course child support comes out of that too, and I’m with my daughter at least half the time. Our institutions are trustworthy and fair... especially family court! Love it

[@darthsilversith667]

@@tzuxander9181 It’s 5x’s what I make.

[@darthsilversith667]

@@CoolPapaJMagik Sarcasm?

[@CoolPapaJMagik]

@@darthsilversith667 yessir

[@psluxton]

I know the feeling. I deal with our household bills and not only is our daughter miffed at not being able to do all the fun things her friends do, but I had to take my missus' bank card off her as her buying snacks at work put us in the red. And I got shouted at like it's MY fault 🥺 So I gave my missus the Income & Expenditure sheet I'd created and (using her and my account details) told her to work it out. When she saw that her spending £400 a month went waaay beyond her £70-100 limit, she gave up and gave me her card willingly (so long as she doesn't have to face the depressing number crunch any more). Winning! 👎 Now she's a miserable cow, but that's better than a shouty, angry cow. (Thanking god for small mercies 🙏😌)

[@boatthere867]

been there done that but for me she didnt want to look at the numbers and well you can guess we broke up not long after. so good on youe wife for at lest looking.

[@WillBuracas]

Mooooo... jk👊

[@jay-shredds]

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

[@LaurenSouthernOfficial]

So true king, me too. The lottery retirement plan is the best out there I hear!

[@Hugh.G.Rectionx]

im investing in logan pauls next crypto.

[@seanstreck3226]

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.

[@p51mustang24]

A lot of the times when stuff is on sale at the grocery store, the "sale" price is the just the normal price from 18 months ago.

[@DUBaviator]

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

[@jackmac2217]

If an Irishman says "looking a bit shit", you know you're in for it.

[@Razear]

This is what happens when your country is governed by a guy that said "the budget will balance itself" and "forgive me if I don't think about monetary policy." Completely out of touch with the average working man.

[@tartrazine5]

Trudeau is just a figurehead. The masterminds behind him know what they're doing to Canada.

[@talysharawlins94]

And completely out of touch with reality.

[@jfb.8746]

I still remember that day when he said with disdain that he does not bother with monetary policies and leave it to 'other people', meaning it's below him. WTF.

[@williammkydde]

He is well in touch with his puppeteers in Davos. He knows what he's doing. Those who vote him in time and again don't.

[@bigshoots1181]

@@jfb.8746 What he really means is "idk what monetary means" lol

[@flyprincess69]

My daughter just had a baby. The going rate for child care is $2000 a month in the US.

[@momomomocensoredbyyoutube9085]

8 years ago I set out to buy my first house. A year after that I bought my house. 6 years after that we're here today and my maximum mortgage payments are half what it costs the average person in my city for rent. Now I'm no big earner, I work at a unionized grocery store as an employee. I'm not telling my story to insult anyone. I mean to put it into perspective just how recently the economy has turned to shit. I could still have bought the house I own up to 3 years ago for what it was at that time. The phrase "pull yourself up by your bootstraps" would have been applicable but now as of 2019, we're all fucked. If I didn't own my house I wouldn't be able to support my wife and my child that is due in January and once again, on a union grocery store employee wage. Buying a house has to be the single most fortunate thing you could do.

[@dang2410]

Yes, its a pipe dream for most to buy a house in the current market.

[@MarcMarshall94]

It's the biggest elephant in the room for every young Canadian. It actually has severely affected my mental health and my motivation to want to work hard. I have crunched the numbers many times and I honestly can't even entertain any sort of post-secondary program or career that doesn't GUARANTEE a 6 figure salary minimum. Needless to say, this kind of stress and pressure kind of made me give up. I didn't go to post secondary and I have spent the past few years stressing out about my future and not knowing what the hell to do. I wish I could have grown up in my parents generation where I could have chosen pretty much any career path and had guaranteed success and security... But that's far from the case now. Now my goals are pretty much to just find a career path that pays well, but that also will allow me to leave the country since I don't think Canada is a place I want to spend the rest of my life in... Or could even afford to even if I wanted to.

[@TommyRushing]

100k? I dream of 100k.

[@oswaldmosley6179]

I would be thrilled to death to have 100k.

[@coolbuddydude1]

That's pretty much my life. I make around 65k, drive a 20 year old car and I rent a room.

[@twopeopleinparadise]

Been there. Left Canada altogether. Best decision we could have made.

[@pyrrhical3423]

@@twopeopleinparadise hi I’ve got a job offer in NS Halifax to move from England, on a salary of 70k plus overtime and shift. Why did you move away from NS? I understand it has high taxes and healthcare issues but is it even affordable?

[@bobibufi1389]

it almost looks like somebody is intentionally creating a situation where people will own nothing and be very unhappy.

[@maximustrolleus9860]

Economics is mostly supply and demand. Its one of the flaws of capitalism

[@WillBuracas]

Soma.... That's the happy, no feelings juice that will be in the uhhhhm.... booster juice

[@therearenoshortcuts9868]

2020: you will own nothing and be happy 2030: you own nothing now, and you WILL be QUIET...

[@BlackrockLobbyist]

Preaching to the choir sister. I've got a good job with good insurance but still living with my parents and everything is just getting worse. Now if you'll excuse me I'm gonna go polish off this six pack Edit: am American, but its more or less the same

[@mrbillhilly343]

I calculated how much I drank as a working adult (from the age of 16) until when I quit drinking last year... I have spent in 22 years approximately AU$730,000 on alcohol. Yes, I could've owned 8 houses with that instead of just the one I own.... But when you're working your arse off as a Millennial to just pay for your car, fuel & maybe a date with the opposite s3x if your parents haven't abnormalized dating/relationships for you (like my parents did abnormalizing me having anything to do with women, but whinge about me being a 40 year-old virgin).... You need a vice/release to cope with being treated like a HUMAN PUNCHING BAG by all these Baby Boomers. The reason why I drank, was to settle my nerves from bashing the shyte out of my arrogant & sociopathic controlling dad. These Boomers demand every property they inherit to be sold-off to the CCP buyers for over AU$1million in Sydney... But those same Boomers whinge about their Millennial children not owning homes or buying in country towns far away.

[@Matt-lb2ed]

I'm 28 year old guy living in Vancouver making a little over 100K a year. This just described my life perfectly.

[@lechanoine9372]

He's literally you!

[@quorthunsargeras7054]

Matt.... Chad.... Chatt.... Mad... Mad Chatt.

[@therearenoshortcuts9868]

@@quorthunsargeras7054 ChadGPT

[@norwegianblue2017]

Same in California. My wife and I combined make over $100k US, and are barely making it. Even though we have no kids, drive old cars with no payments, very little credit card debt, rarely go out or eat out beyond a work lunch. Yes, we manage to pay all our bills, but haven't had a real vacation in seven years.

[@AaronAlexanderOfficial]

If you're in a blue state, unless you want to be bankrupt get out of there.

[@NormanF62]

Nobody can afford to take a vacation. Its a luxury! I live in a small town with stunning views but we’ll be lucky to attract tourists when everyone else is just struggling to survive.

[@derekwoodford9955]

I don't get it. I earn barely more than 10k a year, on Vancouver Island in Canada and I have no complaints.

[@DivinesLegacy]

@@derekwoodford9955 not everyone wants to live in the middle of a forest in a tent

[@derekwoodford9955]

@@DivinesLegacy I live in a house in a city.

[@killahrabbit1400]

Cost of living is stupidly expensive, border's totally open, and government antagonizes its own people, but the PM changed the lyrics of the national anthem because it wasn't inclusive enough. Progress!

[@joekerr6035]

Ready Player One, where the main character lives; that's how they want everyone living if you ain't part of the club.

[@yeetdeets]

It's a big club, and we ain't in it.

[@Rick_Cleland]

@yeet George... 😔😔😔

[@Gangst3r4ever]

Hey bring that VR tech first and then we talk

[@Spencebot42]

The only reason I was able to move out into my own home was because I settled for a house that met my bare minimum requirements, used a VA loan so I could put zero down (though that STILL required $9k in closing costs), and basically burned 100% of my savings to make sure I had the basics covered. If anything goes wrong in my life before I can rebuild some savings over the next couple years, I'll be in major trouble pretty much instantly... fingers crossed

[@boatthere867]

i wish you all the best.

[@CoolPapaJMagik]

I wish you well man

[@jrspringston]

Buddy are you me? Same thing. I spent 4 years playing the sick market and built up almost $30k. After $9k in closing costs and paying off my $16k car my stocks are wiped out. I paid off the car to get rid of the monthly cost and give me and the wife some breathing room while living paycheck to paycheck

[@CCNCrossCanadaNews]

The ending sure got my blood flowin'

[@flanflanjp_]

It's kind of comforting to know just about everybody our age is in the same boat

[@saccaed]

Kind of. It also is a bit unnerving as it's the kind of situation that, when prolonged, often enough works it's way through tumult before finding revitalization and that is putting things mildly. Very near the point where more people have near literally nothing to lose that would constrain otherwise inconceivable actions compared to those who do still have prospects and reason for constraint even in tough times.

[@tassosplatis2143]

We basically have to wait for someone to die before we can afford to buy a home

[@cerealport2726]

In Australia, childcare is heavily subsidised for people with a joint income up to something crazy like AU$350k (or around this mark). all this has done is drive up the cost of childcare to astronomical levels, and make some politicians friends and family very very rich as they coincidentally get into the childcare industry.

[@GurtGobain]

Not the case in Canada, the whole country just signed on to $10-per-day daycare if you make less than $120k. I'm about to see my daycare costs cut by about 5x.

[@cerealport2726]

@@GurtGobain I have nothing against subsidising childcare for those who need it, but the Australian implementation is woeful. Seems like Canada can still do some things ok!

[@apersonfromaplace100]

Governments incentivizing the separation of children from their mothers. Typical.

[@CDNSMOKEJUMPER]

@@GurtGobain, the $10 a day daycare reduced supply. People have daycare slots and not send their kids.

[@cerealport2726]

@@apersonfromaplace100 yes, it's much easier to indoctrinate the children the right way if they spend most of their formative years in the care of activists instead of with a parent.

[@althunder4269]

This is the result of central bank low interest rate policies which drove up asset prices which made it impossible to buy a house. I bought my first house in 1991 for $150,000 in Delta BC and I made $50K a year. Now that same house would be $1.5 million and my equivalent salary would be about $85K. Wages have not kept up due to outsourcing of jobs. Also immigration at 700,000 a year doesn't help. There are too many newcomers arriving and they all go to Vancouver and Toronto. it is not sustainable. Taxation has also increased due to excessive government spending.

[@maximustrolleus9860]

Immigration also creates more jobs and more potential buyers which boosts the economy

[@althunder4269]

@@maximustrolleus9860 Immigration costs Canada $23 billion net loss a year because those immigrants use the same social services but pay much less in taxes. They are not worth it.

[@maximustrolleus9860]

@@althunder4269 do you have any citations? from what i know, arent non immigrants using more from social services then immigrants? and we are talking about legal and not illegal right? and that legal immigration was overall a net positive for the economy?

[@althunder4269]

@@maximustrolleus9860 Fraser Institute report.

[@maximustrolleus9860]

@@althunder4269 well age is a big factor. its saying elderly immigrants who are unable to work. so you cant compare elderly immigrants with working age immigrant. you are kind of not telling the whole truth

[@traviswall1982]

For almost a decade, I have had the same favorite Economic joke: "I heard a joke about Social Security, but you probably won't get it." 😄😅😂🤣

[@MtuckerGoBlue]

I'm torn on this. I personally make well over the average and due to inflation and healthcare here in the US, my family has nothing to show for it at the end of the month. So, how are my kids supposed to make it happen? But on the other hand, I didn't pay $200 a month in online subscriptions, I didn't buy a car I couldn't afford, and I didn't eat out where it was expensive because my friends expected me to. When I needed a house, I moved to a community I could afford, and I didn't sit around and cry about the fact that I couldn't afford to live right in the downtown area right next to my office location. I think a big part of young people struggling is based on high expectations. We always say, if adults can't afford a house, then how can their adult children. Well, most of us can afford our house and it's not our first home. We started small with what we could afford and built-up equity. There are still affordable homes in small towns and on the outskirts of the cities. But they don't want to live there, do they? And why do so many people buy at the top of the market? Have to own new cars? Can't give up their Apple/Disney/Hulu/Netflix/Prime + 10 others? I'm not saying it's not tough, but when you're not willing to adapt don't look for sympathy or for the world to bend to your will.

[@vientosnomadas655]

the only way i am able to be a homeowner on my 80-100k/year salary is that i bought a house in Edmonton, that had a suite downstairs for me to rent out. Aside from the parents part, i am the chad lol. Single, no debts, own my vehicles, a dog, and a furnished house (with lots of second hand and given by friends stuff). i also work upwards of 110 hours every 2 weeks, and the gov't takes about 35% of my paycheque, forget any taxes we also have to pay on consumer goods.

[@nocucksinkekistan7321]

Then buy a house, stop whining and blaming Trudeau for your own inability to manage.

[@vientosnomadas655]

@@nocucksinkekistan7321 i do own a house.

[@nocucksinkekistan7321]

@@vientosnomadas655 Then why are you whining?

[@vientosnomadas655]

@@nocucksinkekistan7321 reading comprehension is hard when you're a comment troll huh?

[@nocucksinkekistan7321]

@@vientosnomadas655 You're 100% a troll, you're lying about how much you're taxed, you're lying about how hard it is to live in Canada, you're pretending to be poor when you're one of the richest people. Stop trolling and stop whining.

[@redemptionhappens7725]

I make about 70k in Washington state. Single two dogs and will barely be making it once they raise my rent hundreds of dollars, yet again. In two days I’m moving to North Carolina. It’s not worth it. It’s cold my car keeps getting broken into. Just ffff it.

[@jamesadkins1780]

Furniture should be spread out over at least 10 years. I have furniture that I’ve owned for over 30 years.

[@LaurenSouthernOfficial]

Fair enough, but this was going off the idea that he’s just gotten the job down town and moved out of mum and dads house after getting an education etc.

[@jamesadkins1780]

@@LaurenSouthernOfficial of course things are tight when you first start out. I remember getting my first TV and using the box it came as a stand. I also sat on the floor for a while till I found a sofa at a tag sale.

[@sirrebralpalsy6542]

Emergency expenses..? What are those..? 22 year old Albertan here (making a significant amount less than 100k) and yeah.. we're fucked.

[@SuitorASMR]

I need a "germany" version of this to show my dad thank god we own 2 houses and i get to live alone in one of them

[@yeetdeets]

A decade ago I heard east Germany was dirt cheap. Is it still the case? No jobs I imagine.

[@fuckwitmcdipshit2963]

@@yeetdeets Germany was "cheap" when berlin wall came down and average westerner could buy anything with a half a turnip from starving eastern german.

[@rinzler666]

F@%ING THANK YOU!!!!! i feel less alone now in my struggles

[@OpEditorial]

The only thing most millenials can rely on is waiting for their parents to pass their fortunes onto them. Even King Charles was in his 70's when he inherited Buckingham palace (and even then he immediately began to cut running costs of the royal family) so you're right, the "win a 4 bedroom house at a carnival" real estate economic model the boomers enjoyed, is simply no longer possible; and if there was ever a compelling argument for entrepreneurship/survivalism it's this one.

[@markbd9775]

My father bought his house for 28k with a 30 year mortgage... He was making about 10k at the time

[@janisir4529]

But apparently boomers are so out of touch, they rather give their wealth to charity, because "they could build life on their own" or some nonsense like that.

[@mkzhero]

'To pass their fortunes' lol As if a house or apartment is a frigging 'fortune' lol, you can build one for 50k tops without taxes in a month or two, labor included... A house was never really that amazing a feat or possession until very recent history. Just the tax farming and infinite government intervention and inflation balooned the price to idiotically impossible proportions.

[@janisir4529]

@@mkzhero How would you get land to build a house tho? There must be a reason why people don't just build more houses...

[@mkzhero]

@@janisir4529 well, how did they USED to? Also "get" is a funny term in modern reality because no one truly OWNS their home, instead they pay an eternal lease of 'property tax'. THAT'S the problem, the land, the CURRENCY, heck EVERYTHING is in the hands of the government to play with and squeeze the citizen to the max. And people ALLLOW them to and even ASK FOR MORE to solve the very problems THEY caused... And if it sounds as insane as a drug addict asking for more drugs to fix their problem, it's because it is.

[@PERSONAfan01]

Really puts that gun ban into perspective doesn't it?

[@duelinthis]

I got a raise to 105k 2 years ago, was extremely happy to have worked my way up the ladder and finally see the fruits of my labour. Inflation has caught up to me and I cant even save for a house and get out of the rent trap Im in.

[@anneonnamouse5496]

I make 60k a year and I'm maxed out, there are no raises to give or higher to go in my job position. I rent and live with roommates and never go on vacations. Don't drink or drugs just work... No kids. Doubt I ever will have kids and I'm pushing 40. Groceries went up, I still have to pay utilities which are mostly fees not even usage, still have insurance payments, my parents are both dead so I can't move back in with them. But Trudeau wants to bring in 500,000 new people every year and give them free housing and stuff. This is unsustainable, I have no savings because it all goes to bills as soon as it enters my account!

[@RZ350NC]

Lauren, it's not just Canada. We live in Los Angeles County and couldn't make it if we were just starting out today. Great video that used some hard numbers that the politicians just ignore. Take care.

[@yoko_bby]

i think im starting to notice a pattern of liberal run governments and poor economic mobility for the people who live in them

[@DeepsongProductions]

Politicians do not care about you at all... they are paid schiills for the Central Banking Usery System.. Treason has been normalized in Canada... celebrated, in fact. In summary... Politicians are truly the scum of the earth

[@dean3338]

I’m from the states and went fishing in Ontario this last summer and was shocked to see an exchange tank of propane for$88.88, almost five times as much where ai live. Saw lots of small communities dying on the vine in the way up. Great fishing and beautiful wilderness up there but they are putting the screws to you all and then some up there.

[@markjohnson7887]

That's not the actual price.. they were just too lazy to white out some of the lines to show the actual price.

[@WrathofPharaoh]

It's no different here in the states. At 41, I can't afford even a studio apartment in my area. And my truck is literally rusting out from under me, but I can't afford a newer one. We shall own nothing and be happy.

[@cameronanderson3304]

I hate to admit it but my older brother and I still live with our mom, but not the reasons that it was before, she could have done it own, but now she needs help, and with us, you helped us our whole life, we can help you.

[@cameronanderson3304]

To follow up with your question, you and all creators of KZbin Content, or any content. You get paid way way way more than the basic guy or women who are literally breaking their backs just to make end meet, you'll are Happy to get paid and we get paid like shit. Content Creators are too privileged, while we are told just get me my shit so I'm Happy.

[@davidmadden8083]

In many parts of the US it is plenty. In other parts not so much.

[@casey8228]

To be fair, 100k USD is vastly more than 100k CDN. The equivalent is 73k USD when you change currency to canadian, or 136k when you convert canadian to American.

[@mach1251]

Chad doesn't struggle, he's waiting when he gets to be a warlord when fantasy finally meets reality

[@Mozzarella_Cheese_Addict]

Which is a potential future for us. Fall in or become a warlord, or starve and exist in abject squalor under WEF tyrrany

[@tylerp5839]

Plumber in the lower mainland here. Having vehicle and work expenses covered helps. We can afford my wife staying at home, home schooling our kids. I bought a cheap apartment in '17 and used that as stepping stone to get into my town house. We're getting by, but man o man do I feel for the people a year behind me. My wife and I always say had we waited a few more months, we'd be renters.

[@guyincognito9410]

I haven’t been able to give my siblings gifts for years…

[@vi6ddarkking]

If This Calculation Matchs Here Is My Advice: RUN, RUN and Don't Look Back. Get A Remote Job At A Company That Doesn't Ask Where You Are As Long As You Deliver In Full And On Time. And Move To A Lower Cost Of Living Country And Stay There. And Do Everything You Can To Get Your Family To Come With You.

[@WillBuracas]

Some of us gonna stay and spank the Laurentian Elites out of existence... mmk? Don't hate on us.

[@peterroberts4415]

Thanks to your exchange rate, $100K CAD is $73K USD. Depending on where you live, that's respectable, although it's nothing special in expensive places like NYC, DC, or most of California

[@nocucksinkekistan7321]

Anything over 50k makes you incredibly rich

[@awakekiwi]

My options are living in Peru and doing online work and having a very comfortable life (which I did for 2 years) or staying in New Zealand and living in a tiny house on wheels and having absolutely nothing and just enjoy a simple life with no family and no dependents and no savings and hope my teeth stay good and my car keeps running and so on. Right now I drive around with a broken windscreen because I can't afford to replace it or even pay for insurance. Major economic collapse is just around the corner for the world anyway so I think downsizing and growing your own food and learning to live with nothing is the only viable option.

[@natelysy3114]

So, just go along with owning nothing and being happy?

[@awakekiwi]

@@natelysy3114 well I do own my own house (on wheels) and car outright and I'm not paying anything off and have no credit cards or debt and spend all day in beautiful nature so yea its mostly happy.

[@ShalowRecord]

Imagine those numbers are for people without a college debt. Rip 🙏 ⚰

[@vitalymaliarov696]

Thanks for making this. I'm 18 and in my final year of highschool and my dad wants me to move out at the end of the school year. I and many others in my situation are kinda screwed because rent is so fucking high and entry level positions don't pay great

[@breadnaut3087]

Your father is an asshole.

[@Србомбоница86]

That's insane ,you are still very young ,your dad is insanely cruel

[@lenatraceroxton1363]

Tell your dad that that's insane and he needs to get with the times and realize that things are not nearly the same as they were when he was your age.

[@mrbillhilly343]

Parents of today don't want their 18 year-old children becoming adults... They want them to still be their "precious little baby".... Only to then complain about them still being virgins at 18 playing video games in the basement & not owning cars because mummy/daddy don't want to have to worry about the police knocking on the door to announce your fatal crash to them.

[@yoko_bby]

You're gunna learn this lesson early but find your true friends now. If family isn't gunna help you're gunna need all the ride or die people in your life

[@chadellett4696]

I wonder did Chad broke 💔 Lauren southern heart. You will own nothing and will be happy...

[@sekiro3074]

The taxes taken off my paycheck makes it not worth working harder to try and get ahead. The cost of living has become outrageous. I'm currently living alone for the first time.. I'm living in a bachelor apartment with my mom's old dog. The costs of life are seriously overpriced in Canada. I feel absolutely terrible for anyone trying to survive off of anything close to the minimum wage..

[@maximustrolleus9860]

I would argue that instead of taxes, the bigger issue is that wages havent kept up with inflation. I dont blame the govt, i blame the greedy rich

[@Hon_cb1kr]

The average salary of a father is actually lower than 60k.

[@OneFreeMan17]

How can you NOT live on 100k?

[@JirenT]

i think its 100k CAD so that like 70k usd?

[@OneFreeMan17]

@@JirenT That’s still a lot

[@n9ne]

he can but he can't buy a house. 45k x 20 = 900k... average crack den in vancouver = 1.1 mil. did you watch a different video or something xD

[@Casio163]

100k Canadian is plenty of you don't like Vancouver or Toronto.

[@therearenoshortcuts9868]

in Lauren's example Chad is living just stuck in limbo or not living the high life so to speak...

[@AriSosnovsky]

Some issues on this calculation. You don’t buy furniture every year… And it’s quite common for jobs lying 80+ to include dental coverage, among other additional health care issues. But yes, you are correct with the rest. Living on 100k is a bare minimum at this point.

[@desireitselfismovement9554]

The mental health costs of this to our beautiful millennial young people is even worse. I'm a health care worker who has not seen a decent wage increase in years ( I know - no one has). Sitting at coffee break one day with a group of my lovely hard working millennial coworkers, the topic of conversation was anxiety. EVERY single one of them is on anti anxiety meds. No wonder.

[@watchingitallhere]

No one I know goes to the barbershop once a month. Maybe 4 times a year. Other than that, accurate.

[@mrshmuga9]

If you’re fine with a brush cut, just buy an electric clipper (about $70) and do it yourself. That normally costs $25 at the barber, so within a year you’ll get your money’s worth. Plus you can trim your beard with it too (if you have one). I remember a long time ago, my hair was thick enough it clogged some barber’s razor. Now, maybe he had some crappy razor I don’t know (or overused/full of others’ hair) but it took 40mins to get my haircut. One day my dad cut it with his razor and it took… 15mins. Suffice to say I stopped going to the barber’s at that point (not that I was paying for haircuts then anyway). If you’re curious, the one I eventually bought myself was the WAHL Elite Pro (same brand as his). Not that you can really DIY your way out of most expenses, but you’ll save a decent amount in the long run.

[@Manchuwook]

One of the cost-saving things I did when I was younger (19-29) was to take on roommates in the places I lived. Granted - this was before inflation hit really badly. I stayed in $900/mo apartments, split power, internet, water, etc. bills, and tried to carpool as best as possible and live a very frugal lifestyle. However, the state still seems to think it is entitled to your wallet more than you are, which is highly problematic... especially when they just use it as a means to transfer that to voters that have no stake in the country.

[@Mozzarella_Cheese_Addict]

Or they give it to people who aren't even supposed to be here

[@ajossi]

What you're describing Lauren is what usually takes place before a revolution or a rebellion. So yeah there's that.

[@saccaed]

Mine and my friends thinking for the last decade. The financial crisis of 2008 never was resolved. The current situation is only making things worse.

[@BluTrollPro]

Oh, I wonder what big social policy the current powers that be are pushing is. “No civilian should have access to military style ‘assault weaponry’”. Funny that.

[@AndroVlogVideos]

If you are young person, who want to have your own home one day, my advice is specialize in a job that can be worked remotely. For growing number of jobs, (and probably more in the future) the only thing that you need is a phone and internet connection. Such a job will give you the freedom to travel when you are young, and the opportunity to buy your dream big house later in your life. In my opinion this is the only solution for the future. Politics aside, we have growing number of people gathering in the big population centers for the last 200 years or so. When so many people want to live in the same space, it is to be expected that the cost of living will only go up. So the only solution to that is go live somewhere else wile still having big "City" salary.

[@odesangel]

Chad is taking a shower and doing laundry at the same time. Let's all strive to be as resourceful as Chad.

[@janisir4529]

You can save on water if you piss in the sink, and "flush" with your hand washing.

[@VanceJoudrey]

When my older sister went to McGill, the tuition was 800$. She's in her early 50's. She's very with it in general and sympathetic to people, but even she doesn't get how hard it is now for Z's. etc. It's hard for many people. We need more solidarity. It's really the 1% against everybody else, for the most part.

[@1984a-g9f]

Why should you get to go to McGill to study something useful when we need truck drivers, plumbers, and construction workers desperately!? You can’t just say I have a degree so now I have a right to make someone else build me a house for a cheap price.

[@1984a-g9f]

Back when your sister went we need more administrators or whatever, now we just have way, way, way too many.

[@maximustrolleus9860]

@@1984a-g9f we need educated ppl in society too. We need doctors, lawyers, engineers, computers, technology, economists, accountants, stem in general. Most blue collar will get automated anyways

[@mkzhero]

Good in you for blaming the 1% instead of the politicians responsible for all this shit and the people enabling it and asking for MORE government 'help' while this crumbling reality is their fault to begin with. Keep on fighting the good fight against that strawman, it'll lead to great results (not)!

[@VanceJoudrey]

@@mkzhero lol, who do you think controls the politicians? It's not quite as bad in Canada as the US(where blaming the politicians is falling for a ruse. That's a total plutocracy now.)but it's getting there. That's why the politicians are so shitty. My fourth grade teacher easily would make a better president than anyone since Jimmy Carter. Who owns almost all of the media? You don't even get known about if you're not 1% approved. You have a lot of reading and learning to do.

[@peteabc1]

A garden house for 1M$? That public healthcare in Canada must really suck.

[@viscountsb7140]

Can't wait to watch your coverage of the revolution, Lauren!

[@OscarLimaMike]

YES!!!

[@maximus.4656]

You opened my eyes my expense presumptions are way off . Thanks for making this video .

[@shootermcgavin4999]

Single dude. 3 year shy of 40. I'm living in a garage right now.

[@Dyl482]

lmfao damn. 8:20 called me out hard. I was kind of not affected by most things you said until I realized it's because I work 14 hour days, only work sleep eat basically. Forgot this isn't how it's supposed to be lol

[@SteveRCPilot]

Listening to this I realized I have no friends and thats how I survive

[@Dyl482]

@@SteveRCPilot yeah same working too much and women are working all the time as well

[@chineseboxer108]

The Canadian dream is an absolute nightmare.

[@batman1169]

Let's go!! 🇺🇸🇨🇦

[@TheRabid0ne]

Thank you. 👏👏👏

[@RobHellfire666]

You speak the truth. You must not have any friends. I try scratching the surface of these topics with my friends, now they all hate me as a result. Love and blessings to you. 🎃

[@Smarterthanyou-mthrfkr]

I am a multimillionaire in property. I live in a small house on a street once full of school teachers, that’s inflation for you.

[@kamakaziozzie3038]

My wife and I bring in ~ $325K combined household income in CA. Our kids are grown now and don’t live with us. Yet we are having trouble making all our living expenses while putting enough aside each month to retire in 10-15years. It’s insane

[@9770G]

That sounds insane but what age do u plan on retiring?

[@DerParsifal]

If everyone is "broke" why is housing so expensive? High housing and rents is the root problem.

[@leejennifercorlewayres9193]

Imagine trying to live on SSA disability alone. 😳

[@chineseboxer108]

Millionaires are the new middle class.

[@issintf925]

Those tax rates are insane. Seems like a good time to throw some tea into the harbor

[@MrPatvee]

Great video. Thanks for posting!

[@notevenfalse]

I make 6 figures in Australia (Sydney) - similar issue and I'm living in a tiny studio apartment.

[@mikehenthorn1778]

so is it time for our friends up north to reclaim their country.

[@-Keith-]

I'm right around that $100,000 annual income mark, and I'm in the lower mainland. At the start of this year I received a substantial promotion and raise, and yet I had more disposable income last year than I do this year. I haven't bought anything significant. I haven't added extra expenses or subscription services. I own a cheap phone, I buy cheap clothes, and I don't partake in vices (drinking, smoking, gambling, etc). Last year I lucked out with a 2 bedroom place that rents out for ~1300 a month, but if I had to move I would have a hard time finding even a 1 bedroom basement that I could afford. It infuriates me to no end when I hear family members talking about how the federal liberals have done a good job while we're being buried alive by their gross mismanagement.

[@newbris]

Similar situations in recent times in cities in western countries the world over. Whatever the political stripe that’s been in charge.

[@jimferris9447]

Hey Lauren! Yes, pull yourself up by your bootstraps. Work hard, it isn’t easy. But we have to hope things will get better. If they do, you’ll be glad that you put in the work when you did. Interest rates to buy a home were something ridiculous like 15% when we got our first home (mid-‘80’s). But Reagan’s lower tax strategies made things more affordable and interest rates came down. Also vote for candidates that will also stop foolish spending and cut taxes.

[@taesirejasper4267]

This is now pretty small now, so probably not anymore! This is very serious, Lauren! I'm glad not the only one asking this question, thank you!