I live in Canada. When I am in Toronto I try to look at everyone's face on the subway, they all are very similar, stricken with stress and sadness. The lack of jobs, especially full time work is crazy.

You cant complain about living paycheck to paycheck with a $6 Frappuccino in your hand.

The real key is people need to stop showing off and acting rich. If you can’t afford the high end vehicles, don’t lease/ Finance them. Stop going out every weekend, and maybe go every other weekend. By doing the simplest things, makes it a lot easier.

Well here's an update, three years later: Canadians are still living pay-check to pay-check: rent & morgages keep going up, food prices will be up another 4% next year from this year (2019), as this week's reports suggest and wages are more or less stagnant.

yup, everyone is broke while driving that $50~60 thousand car/suv/truck financed over 8 year loan term while talking on your newest expensive phone etc.... it's a joke.

I'm from Brazil and it is funny to see you face the same problems we face. Here people have the idea that people from countries like Canada have a life that is much easier than ours but it is not like this. People are struggling everywhere. Well, some countries are better to live for sure.

My first two jobs were cleaning motel rooms and toilets. My second job was waitressing in a 24 hour truck stop. I am now retired. I own my own condo and my car. I do not own an expensive cell phone. I very seldom buy coffee at Starbucks. See where I am going here.

Lots of rich people telling people they should "budget", nothing addressing the fact that many poor people simply don't earn enough money to save anything, unless they want to either starve or go homeless.

Wages are not keeping up with Inflation. The end.

We have so much empty land, yet 50% or more living on rent n apartment buildings ... houses are so expensive now days. They want you to pay Atleast 100 thousand down which no way you can save in less then 10 years ....

I see so many people are showing off dress name brand, driving a Mercedes..of cause only drink a Startbuck coffee but they don’t even have $20 in their pocket.

As someone from the middle east, i thought western people live generally better. but i just realize even more everyday that it's just the wealthy of them. everyone else is struggling with loans and debt and even homelessness. it's depressing.

Speaking from my own personal experience, alot of times financial struggles are self inflicted, and this a cold hard truth people are not willing to hear.

Debt slaves everywhere, when will the people wake up and rise up against an insidious system!

And the government still increasing taxes.

Credit card debt is deadly

I live in Vancouver, working a FT and PT job, both are helping me in a way for me to support myself but as things get more expensive, it’s harder to afford the necessities you need!

Its a shame to Canadian government, so much taxes! Shameful

Life is like a game of poker. It's not the cards you were given, it's how well you play them.

One of the easiest ways to save money and stop living like this is to eat out less. One fancy Starbucks drink and a snack will almost set you back $10. With that money I can easily get an entire day worth of food in groceries at Walmart.

Majority of Canadians don’t understand basic math. Education is focused on social issues. The government leads by example and spends money like there is no tomorrow.

Canadians get taxed so much...

This problem happened years ago...people bought into the easy credit that has essentially made them poor....wants or needs..live within your means ...

Toronto and other cities used to have manufacturing jobs which surely employed the multitudes. That's all overseas now. Didn't make the average worker a fortune but did keep them going over their lifetimes.

"In times of drastic change the learners will inherit the world, while the learned find themselves beautifully equipped to deal with a world that no longer exists."

Is this still a thing after 3 years, is there even more people in debt now?

Here's what would be helpful. Define what living paycheque to paycheque means first! Does that mean that they don't have any savings at all? Because that's what I'd take it to mean. If that is so, do the majority of Canadians have $0 usable savings? For example: That if they didn't get paid that week, that there's absolutely no way they can pay their rent this month. Because you could be putting 10-20% away in savings every month, and still be quote "living paycheque to paycheque", since each month, your chequing account funds are used for everything (expenses & savings). A more helpful question might be, are you able to save each month? Or what's your net Cash-flow each month?

Not only Canadians. At any part of the the world, most middle class and lower income group live on paycheques. Maybe, Canada provides better and more advanced infrastructures to their citizens in terms of condusive facilities in goverment schools, nurseries and colleges, goverment hospitals, public transportation, cleanliness, insurance policies, goverment aided old folk homes or nursing cares, retirement and pension benefits compared to developing countries. But, i am pretty sure the living cost must be high similar to Singapore and Japan. When a country has good infrastructures and policies, at least the burden of working class could be reduced.

Welcome to the "New global economy".

I’m on disability, if I was able to work it would be way different to be able to survive! I have $300 after all my bills for the entire month to live off of. I’ve lost close to 50 pounds at this point. $300 doesn’t go far when you think of the cost of everything today and that doesn’t count food, then paying $5 to wash and dry your laundry, transportation etc etc! I’d love to work and would do any job if I could work to make money cause this sucks!

Its tough. In australia its the same. Remuneration is pretty good but the cost of living strips you down to your socks and underwear.

Can you do a work from home job? (customer service , call center representative, clerical admin). No experience needed cus you'll be trained & oriented for a week.

Yep and now we have to pay for Meghan and Harry's security detail with our tax money as well ............

The truth is that that majority of these situations are self inflicted, just like in America. The video states that the biggest debt comes from car loans, mortgages and student loan. Can’t afford a car? Don’t lease/finance, can’t afford a house? Don’t take out a mortgage, can’t afford school? Save up till you can afford it.

Well everyone thinks there rich because they think the housing prices went so high. Half my friends took out a mortgage on there equity. Now no one can sell. Its shocking to see a sold sign now a days.

I'm one of the only guys at work that still packs a lunch...all the young guys buy ,breakfast ,snack and lunch takeout everyday.$$$$ Probably buying their takeout dinners every night and drinks on weekends...

I came from Africa and settled in Canada 5yrs ago.. and the economy in Canada is so good that, anyone living pay cheque to pay cheque is either lazy and has inflated their lifestyle..I bought my first car last year and I'll buy my first house soon. If u can't survive in Canada, u can't survive nowhere

She said that she graduated from teachers college and now she is working as a waitress, I guess economy is booming?!

Always save!!!

I am lucky. I am on ODSP and have no credit card debt. The main problem is SAFE affordable housing. I have lived in very unsafe housing, because I couldn't afford a decent place. My life has been threatened several times. I now live in Scarborough, in a two bedroom apartment. By sharing the cost of rent, groceries and bills, my roommate and I somehow manage to get by month to month. There is nothing left over. There is no money to buy family Xmas presents or for tickets to go see family. But I am grateful to be in a safe environment.

Canadians are lucky to have pay cheque. Most people are living with burning hunger every day on this planet.

If ur not making a surplus and are at least 4-5 months ahead on rent then you have a problem. Get a part time job, don't go out, cook at home, don't eat out ever. Until you have that safety net u must budget hard. The people in this video are out spending money when they say they have none.

And I was worried cause I barely have 40 grand saved

Good to know that I’m not the only one

problem with torontonians at least is they will try to live like dentists and buy all the goodies but not actually make dentist money.

try living on odsp i get 125 for food after rent

Wow. I thought Canada was a paradise of free health care and no crime and oh so much better than any where else in the world. Especially of us terrible Americans.

Coronavirus is here now. Wonder How these Young Adults are doing now. I hope they saved money and found a good Job from then to now.

As a UofT graduate and alumnus immigrated to Canada, I don't yet have any job for employment with good income and good saving for good living! I wonder what is the mixed culture and equality human rights of Canada labelling itself!

It’s the high cost of living. Rent prices are out of control and eating away at nearly an entire month of income or more per month. More apartments and affordable housing is needed to bring down the cost and make the market less competitive. We have bidding wars in my area over bachelor apartments.

Why lease or finance with interest on 2019 or 2020 BMW or Mercedes ?Go to local to your local dealer with a good reputation and set up a 500 dollars plan on a 2010 Honda Civic. Guess what. ?? I did that. Put a down payment and boom paid off in 6 months.

Credit card is a BIG NO.... I don't want happen to me what have been to my colleague.... I'm rather save money than to spend to much that makes my life harder at the end😶😶😶

Seems to be the same all over the western world.

The reason why lots of North Americans are poor is because the system allows us to borrow money that we most likely can’t pay back. We live in a “ I’ll pay it later “ system and this entraps most of us. Focus on paying off debt, stay away from credit cards. If you can’t afford it then you can’t afford it.

They pay hundreds and thousands in debt interest and scream, “I live paycheck to paycheck!”

People would rather live paycheck to paycheck and rent for more than their budget than save up by living with someone.

This is so sad!! 😢

People who complain about not having money are usually the ones who indulge lavishly without care. When their bills are up at the end of the month, they wonder why they have no money left.

Not the career job most common scenario in Canada, she got the right point.

Because most of our money is going to the Buckingham Palace

OF COURSE We live pay cheque to cheque ! The fact is , we can borrow against our future when we get a car or home by taking out a loan. What most people do not understand, is the way money is created for their loans. The "money" is not in existence until the loan is created . The part none of us realized, was that the interest we must pay back along with the money borrowed into existence...does not exist ! How we find it is up to us ! It is like musical chairs...we join the loop of people looking for a chair to rest in , and there are 7 players and 6 chairs. Someone always looses and then , another chair is removed...and as far as saving money..in inflationary times like this..the value..purchasing power of our currency is being continually devalued. So leaving money in an account is counter productive ! You are wiser to buy gold or silver jewellery or coins as a store of value. Look at Venezuela, Argentina! Japan !

Maybe you could try moving out of the most expensive city in Canada if you aren't a high earner..? Hard to feel bad for people who insist on living in Toronto but complain that its expensive LOL

No matter how big the salaries are, some people will always complain.

This is global crisis and not just in Canada. Stagnant wage , high cost of living , personal debt , jobs availability.

the only thing i have in my home is a landline phone to save money

People have to stop eating out , cook your food at home , eat curry rice aloo bigamy’s and Dhall it very cheap and easy to cook

I agree that with proper financial management you don’t have to live like this

In the US, people simply bought more house than they could afford. It's buyer's remorse when they realize life is unexpected and you can lose your job or get sick or have family that gets sick. Lots of Americans are living paycheck to paycheck too and it's usually about living beyond your means to show off for people who don't care about you.

People want to live in Toronto, go to the restaurant, drink Starbucks and accumulate student debts studying psychology. Canada is affordable for who know how to manage their money.

Girl says "I live pay check to pay check?" Sure, I see her holding a $4 dollar ice latte with cream from Tim Hortons.

I think all western countries are the same. Same issues in Australia ❤️❤️ high house prices, inflation, low wage growth, living on credit to get necessities like fuel groceries etc❤️

Even with a wait period, most of the self-employed can't pay back CERB over a technicality!

If you dont see it . You dont spend it. Click loop in settings

Welcome to the Canadian Life. Perfect lesson to would be immigrants....come to Canada n become more n more poorer at the cost of enjoying health care, student loans and of course high school. Be ready for uneconomical accommodation, high taxes, higher tuition costs, freezing cold, low life jobs & a narcissistic attitude from stressed Canadians. I really want to advise the government....fix ur own show at home before recruiting more immigrants.

Work 60 hours a week and im still skint ffs.

Well, Well, Well, A high cost of living , sound just Calf!

ffs what if you or your loved one gets seriously ill.............

Taxes, upon taxes and high power, water, gas , food rents, etc welcome to the world of life. Ya a little sarcasm.

I see a lot of working poor in the GTA. I still see seniors who work at the check outs in grocery stores and single moms waiting on restaurant patrons etc. Not to mention starting families who are house poor because of the crazy mortgage payments on little war time bungalows in East York. I have known people with university degrees who still can't find work in their fields, so they end up working at McDonald' s. Pity.

Everything Is Expensive Everything is going High Except for the Wages

Live paycheck to paycheck, on top of that payday loans🤣😂🤣😂🤣😂

How do you pay yourself first when there's not enough

To many aplicants for one jobs and to many imigrants go housing supply makes living in Canada outrageously expansive. Height unemployment makes employees heyday.

Corporatism 101. Divide and conquer.

Everyone needs a side business. Plain and simple. Something only you can do and do well and this needs to complement your day job and then you can save.

People need to distinguish between needs and wants. You don’t need an iPhone, you can get a cheap samsung from 7/11 if you’re that broke. You don’t need an expensive Starbucks drink, you can make your own coffee or spend $2 at Tim hortons. Stop buying off white clothes when you can’t afford rent or car payments.

Savings account? You mean bitcoin?

Where in Canada is this? So I don't have to go there.

Why don't you you guys call it paycheck?

Is it any wonder the way our government has overtaxed us, continues to come up with new taxes, has mismanaged our economy. We are spiralling downwards thanks to the idiots in Ottawa.

it's called " how to get people by the balls "

Canadians are basically “Land Locked” they have no choice but to stay in Canada. If they had more options like several other countries next door that offered a lower cost of living, they would have more options. The USA, with vastly different cost of living within a nation, may be an option, but it’s near impossible to move there unless you marry an American.

So which country is better for living? This comment section made me SAD.I'm living a normal life in Iran.I'm planning to apply for a university in Canada and work and live there by myself afterwards and I thought it will be much better than here and I can buy a good car and an apartment for myself and enjoy my life! But know my dreams are crushed.I didn't know even Canadians aren't happy of their lives.sorry for my English.I'm still learning..

Create a debt, to pay off another debt? Yeah, that's brilliant. 😑

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Gotta cope with that consumerism induced existential dread somehow.

These people are so lucky they didn't know toronto housing would skyrocket lol

Try india to understand what poverty is, what unemployment is where in post graduates or phd scholors are trying to get the job of a sweeper..

You interviewed new graduates or as far as I can make out single people . Pls survey variety of income and types of families .

Unless you work for the federal government and then you just don't get a pay cheque.