Canadians Financially Stretched \ stacker news ~charts_and

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1124 sats \ 38 comments \ @grayruby 21 Mar charts_and_numbers

As a follow up to my post yesterday highlighting an article citing the concerns for civil unrest as the financial situation for Canadians continues to erode.

Here is a recent poll from Angus Reid showing only 39% of Canadians could afford an unexpected expense over $1000. 29% could afford $500-$1000. 16% $100-$250 and 15% said they could not manage any unexpected expense.

https://m.stacker.news/22222

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75 sats \ 17 replies \ @Undisciplined 21 Mar

I should have mentioned this on your post yesterday, but I decided to just make fun of Canadians instead.

The first time I drove through Western Canada, which was back when G. W. Bush was president, people were really hostile towards the central government and brought up wanting to secede.

The next time I drove through, which was during the Obama administration, Western Canada may as well have been North Washington or Oregon.

Are independence/anti-government sentiments coming back there?

41 sats \ 9 replies \ @jeff 22 Mar

Canada is a big place.

Making fun of all of Canada, because of two trips to one side...would be similar to making fun of all of US because of 2 trips to <your least favorite state>.

21 sats \ 7 replies \ @grayruby OP 22 Mar

We want all the smoke

50 sats \ 6 replies \ @Undisciplined 22 Mar

Sheesh, how many damn Canucks are on this site? You're preposterously overrepresented.

21 sats \ 5 replies \ @grayruby OP 22 Mar

There are quite a few Canadians on here. I don't feel like a unicorn anymore. I might need to move to Belize or something.

50 sats \ 4 replies \ @Undisciplined 22 Mar

https://www.nationalgeographic.com/travel/article/actun-tunichil-muknal-atm-cave-maya

https://m.stacker.news/22268

21 sats \ 0 replies \ @grayruby OP 22 Mar

Very cool. I have seen one strange rock. I am a sucker for pretty much any earth or space documentary.

21 sats \ 2 replies \ @grayruby OP 22 Mar freebie

Did you see what I sent you on Nostr re: CRE in toronto?

Maybe I will post it here tomorrow.

50 sats \ 1 reply \ @Undisciplined 22 Mar

I did not. It's kind of shocking how poorly messages work on nostr.

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50 sats \ 0 replies \ @Undisciplined 22 Mar

No no. I was just making fun of Canada because that's what Americans do. It had nothing to do with my trips through, which were lovely.

21 sats \ 5 replies \ @grayruby OP 21 Mar

Unrelated. 0xbitcoiner passed davidw. I think you have a good shot at top 5.

50 sats \ 4 replies \ @Undisciplined 21 Mar

The three of us and darth have been swapping places a bunch. I am thinking that if those top three are siggy plus two AMA people, then those AMA people might drop down a bit.

50 sats \ 3 replies \ @Undisciplined 21 Mar

Do donations count towards rewards rankings? I feel like I've heard darth talk about that before.

Maybe that's how someone like nemo could be holding onto the one of the top spots, while staying hidden.

21 sats \ 2 replies \ @grayruby OP 22 Mar

I think donations would count for the zapping component.

50 sats \ 1 reply \ @Undisciplined 22 Mar

Interesting. How would they assign a value to whether it's zapping top content or zapping it early?

21 sats \ 0 replies \ @grayruby OP 22 Mar

Not sure. I am just speculating and that didn't work out well for me last time when I speculated that the SN guys were in the rankings. So you should probably ignore me.

21 sats \ 0 replies \ @grayruby OP 21 Mar

I think Alberta still has a very independent anti-federal government mindset. BC is very liberal.

100 sats \ 9 replies \ @riberet19 22 Mar

Canada is a wonderful place, I don't know how it got to this point, I'm not very well versed in the situation in Canada, but does it have anything to do with the tax rate in the country?

20 sats \ 8 replies \ @Satosora 22 Mar

Canada has universal healthcare, though. Its system is a lot more affordable than the US. I did see somewhere that Canadas happiness scale was higher than the USA, too.

0 sats \ 7 replies \ @grayruby OP 22 Mar

Is it so great?

#476390

0 sats \ 6 replies \ @Satosora 22 Mar

Yeah it is. People just dont get healthcare here because they cant afford it.

0 sats \ 5 replies \ @grayruby OP 23 Mar

I disagree but maybe I am biased because in the US my wife's dad was on an operating table two weeks after his cardiologist determined he needed a pacemaker and here in Canada my dad needed to wait 6 months just to get an MRI to determine he had Parkinsons and my wife needs to wait up to 15 months to have a surgery for a growth that might become cancerous. So pardon me if I am kind of sour on socialized medicine right now.

60 sats \ 4 replies \ @Satosora 23 Mar

Hhhmm... I guess it depends on your case and experience. For the majority, l think being able go afford care is important. No system is perfect.

0 sats \ 3 replies \ @grayruby OP 23 Mar

Would definitely agree with that.

50 sats \ 2 replies \ @Satosora 23 Mar

But there is one thing l realized with universal healthcare. There are a lot of people that bog up the system for common things like a cold. Thats what really slows the system down.

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50 sats \ 2 replies \ @Satosora 22 Mar

If you think Canada is in a bad spot, just look over the border at the USA.

0 sats \ 1 reply \ @grayruby OP 22 Mar

Not saying it is much better but household debt levels in Canada are insane. The money supply has been going through the roof for the last 15 years and people have been piling into residential real estate.

Higher rates are crushing a lot of people.

20 sats \ 0 replies \ @Satosora 22 Mar

Most people in the USA are living paycheck by paycheck. Its not much better here.

50 sats \ 1 reply \ @TheBTCManual 22 Mar

Would be interesting to overlay this with average credit card balances, people might not have savings but they can access debt and willing to service it over longer and longer periods

50 sats \ 0 replies \ @Satosora 23 Mar

Would be interesting to see how much people are held back by student loans.

50 sats \ 0 replies \ @BlokchainB 21 Mar

Sadness

50 sats \ 1 reply \ @kr 21 Mar freebie

that’s rough, and it sounds accurate

75 sats \ 0 replies \ @grayruby OP 21 Mar

If only they had been following your stacksats guide.

20 sats \ 1 reply \ @duuv 22 Mar

That looks very alarming. Can all these people not save money because of rising prices and/or so they generally do not save anymore?

0 sats \ 0 replies \ @grayruby OP 22 Mar

Price inflation and rising rates have definitely put a lot of pressure on Canadian households that are highly indebted (mostly due to insane mortgages).