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submitted 1 year ago by sik0fewl@kbin.social to c/canada@lemmy.ca

Just over half of Canadians say they are $200 away or less from not being able to pay all of their bills at the end of the month amid higher interest rates and inflation.

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[-] Cl1nk@sh.itjust.works 25 points 1 year ago

Is really this bad? Half of Canadians? This is a catastrophe waiting to happen, wasn't Canada supposed to be a rich country with a good standard of living, even in lower income areas?

[-] EhForumUser@lemmy.ca 7 points 1 year ago* (last edited 1 year ago)

wasn’t Canada supposed to be a rich country with a good standard of living, even in lower income areas?

It used to be, but nothing in life is static. To become a rich country you need innovation, and to remain a rich country you need to continue to innovate. Canada was once very innovative, changing the world in many ways, but in the last decade or two we've rested on our laurels.

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this post was submitted on 11 Jul 2023
78 points (95.3% liked)

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