I heard on the news that the average car now costs $60,000 to buy. A lot of pay cheques are less than $50,000 a year, meaning their entire year's income would pay for the car and if you include income tax, that might be $90,000 to buy a $60,000 car. And now rent is around $3,000 for 2 people in a small apartment, in a bad neighbourhood which is around minimum wage before taxes. I went to the best school in the country, and most people who got master degrees after graduating from my school are living with their parents cause of the rising costs of living near Toronto. I believe I could make that type of money if I was more ambitious but I just don't have that same drive my rich family does or that my friends do.
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