Yet enough people are buying vehicles they absolutely don't need in numbers great enough to impact our economy.
Can someone explain what's going on?
Are people struggling because they are mismanaging their finances, or are people “struggling” because they didn't buy that F150 to drive their kid to school in?
"The top 20 per cent of Canadians hold more than two-thirds of the country's wealth"
That begs the question: What are multimillionaires doing with "trucks and vans"???
There's two ends of the spectrum. The bottom twenty percent who are screwed; the middle sixty who saw their effective income decrease enough that it hurts, but they still have some buying power; and the top twenty who can afford investments.
I'd guess that folks at the top end are buying vehicles for fun, while the majority of us are buying vehicles to get to work.
I have a hard time reconciling the fact that we have nearly half the country living paycheque to paycheque, with half also reporting that "rising prices are greatly impacting their ability to meet day-to-day expenses".
Yet enough people are buying vehicles they absolutely don't need in numbers great enough to impact our economy.
Can someone explain what's going on?
Are people struggling because they are mismanaging their finances, or are people “struggling” because they didn't buy that F150 to drive their kid to school in?
"The top 20 per cent of Canadians hold more than two-thirds of the country's wealth"
https://www.cbc.ca/news/politics/canada-highest-level-income-inequality-recorded-1.7349077
That begs the question: What are multimillionaires doing with "trucks and vans"???
There's two ends of the spectrum. The bottom twenty percent who are screwed; the middle sixty who saw their effective income decrease enough that it hurts, but they still have some buying power; and the top twenty who can afford investments.
I'd guess that folks at the top end are buying vehicles for fun, while the majority of us are buying vehicles to get to work.