Older millennials, adults aged 35 to 44, had debt-to-disposable income ratios around 250 per cent in 2019, while Freestone noted that metric was roughly 150 per cent for the same age group in 1999.

Can confirm we’re sitting around 250% but this is after exercising significant restraint to not take on as much mortgage as the banks would have given us. Everyone I know who bought over the last couple of years went all out and I can’t imagine them being any lower than 300-350%.

  • Lutefisky@sh.itjust.works
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    1 year ago

    How is it in bad faith? I agreed with your response at the beginning of my comment.

    The rest was context that I added, in what I felt, would be similar to an argument that any business would posit as to why they should be allowed to reap record profits while laying people off and at the same time telling us how we’re all fucked.

    My original point was that RBC is telling us that we’re fucked. Meanwhile they are contributing to the fucking of us while they take in astounding profits from their businesses practices which are designed to fuck us and to top it off they fuck over some of their own employees in the same breath. There is an overall cognitive dissonance here that I was focused on, not the minutiae of whether or not a business should be able to hire and fire who they please.

    You are correct. Businesses should have the autonomy to hire/fire people as they see fit. Glad we could make sure that point of the argument is settled.

    • cygnus@lemmy.ca
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      1 year ago

      I started typing a reply to this but I don’t even know where to begin. Good luck in your future endeavours.

      • Lutefisky@sh.itjust.works
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        1 year ago

        There is nowhere to begin. I agree with your point. Fundamentally, business should be able to make those decisions about who it employs and who it doesn’t.

        But maybe, and hear me out here, they shouldn’t be telling us how fucked we are while they are fucking us - the consumer, the taxpayer and a portion of their own employees.

        Good luck with yours too.