The wealth of the rich.. (40)
gentlepawsAny town, Ontario Canada1,019 Threads 13 Polls 9,583 Postsdepends on the abundance of poor. The true altruists are those working for minimum wage, giving their time and energy to make the rich, richer. Sam Walton is a prime example. Paws
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Poor and loving it. Paws
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Would you send money to the person above you ?
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Sure how many pennies would you like?????
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what I meant by that was the poor being taken advantage of by the rich...
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You've already given your 2 cents worth.
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Character flaws have no check and balance.
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Yep...The rich get richer and the poor get poorer...including the working poor and the middle class has all but died out I think!!!!
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What is the income bracket to determine the class level for base income ? 
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You are right. There is no middle class. Just those who believe they are, despite their debt load. Paws
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In Canada.. Statistics Canada Data:
The lowest third of households, measured by average annual income, earns less than $35,000. 34.5 per cent of households earn less than this amount.
The middle third has an annual income of between $35,000 and $69,900. This middle class accounts for 33.2 per cent of households.
Finally, 32.2 per cent of households in Cananda have a combined annual income of $70,000. This would mark your high-income group.
These are the brackets they use to determine low, middle and high incomes...based on total household income!!!!
The lowest third of households, measured by average annual income, earns less than $35,000. 34.5 per cent of households earn less than this amount.
The middle third has an annual income of between $35,000 and $69,900. This middle class accounts for 33.2 per cent of households.
Finally, 32.2 per cent of households in Cananda have a combined annual income of $70,000. This would mark your high-income group.
These are the brackets they use to determine low, middle and high incomes...based on total household income!!!!
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I'm doing ok financially so far.
Not meant to brag, but I make under $12,000 a year right now and I'm living like a king.
I have financial potential though that I'm simply not interested in tapping by myself. If someone else came into my life and was interested in mammon I have the resources to satisfy her desires. I could easily become a millionaire if I so desired. I seriously have no desire. Mammon never just has been a motivating factor in my life.
I'd rather listen to the songbirds whilst hoeing my garden.
That's just the way I am.
Not meant to brag, but I make under $12,000 a year right now and I'm living like a king.
I have financial potential though that I'm simply not interested in tapping by myself. If someone else came into my life and was interested in mammon I have the resources to satisfy her desires. I could easily become a millionaire if I so desired. I seriously have no desire. Mammon never just has been a motivating factor in my life.
I'd rather listen to the songbirds whilst hoeing my garden.
That's just the way I am.
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Yes I agee the debt load these days is phenominal and that's just to live....combined with the fact that it basicly takes two incomes today JUST to get by...Here I was speaking with a friend of mine who is a financial advisor and he told me that the debt to income ratio is something like 1.32!!!! So for every dollar we make we spend $1.32....scary!!!!!!!
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Just out of curiosity, how much does a 3 bdrm house cost on an average in Canada?
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Abra, how the hell do you live on 12 g's a year? is cost of living cheap there or something?
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Ditto. Paws
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The average 3 bdrm house in my area is 350,000. Vancouver to the west is 3 times that, as is Calgary to the east. Real estate prices are sky rocketing out in western Canada.
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My pay sucks !! 
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It really depends on the area.... here to buy you are looking at probably about 100,000 and up....In Toronto however you are looking at probably more like 200,000 and up!!!!!!!
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