Comments on: Survey’s and Potential Lies http://blog.canadian-dream-free-at-45.com/2009/09/15/surveys-and-potential-lies/ Wed, 08 Feb 2012 17:31:40 +0000 hourly 1 http://wordpress.org/?v=3.1 By: Canadian Dream http://blog.canadian-dream-free-at-45.com/2009/09/15/surveys-and-potential-lies/comment-page-1/#comment-32848 Canadian Dream Wed, 16 Sep 2009 12:39:46 +0000 http://blog.canadian-dream-free-at-45.com/?p=961#comment-32848 Chris L, Oh I agree the state of affairs is very sad. At the same time in a recession this is exactly the time which people are using savings, if they have it. EI payments suck, trust me I know, I was on parental leave last year. CM, Thanks for the thoughts. Rachel, True. The statement less than 5% does lump together all the 0% as well. It's also misleading to use a % base. As incomes rise increasing that % becomes easier, so if you are at $25,000/yr that 5% is significantly harder than at $60,000/yr. Another factor is what are you payroll savings plans deductions? If you have 5% going towards your pension/group RRSP then save 5% outside of your paycheque that equals 10% overall. Tim Chris L,

Oh I agree the state of affairs is very sad. At the same time in a recession this is exactly the time which people are using savings, if they have it. EI payments suck, trust me I know, I was on parental leave last year.

CM,

Thanks for the thoughts.

Rachel,

True. The statement less than 5% does lump together all the 0% as well. It’s also misleading to use a % base. As incomes rise increasing that % becomes easier, so if you are at $25,000/yr that 5% is significantly harder than at $60,000/yr. Another factor is what are you payroll savings plans deductions? If you have 5% going towards your pension/group RRSP then save 5% outside of your paycheque that equals 10% overall.

Tim

]]> By: Rachel http://blog.canadian-dream-free-at-45.com/2009/09/15/surveys-and-potential-lies/comment-page-1/#comment-32839 Rachel Wed, 16 Sep 2009 06:33:12 +0000 http://blog.canadian-dream-free-at-45.com/?p=961#comment-32839 Bear in mind also that those who save 5%, which is a common (and respectable) level of savings, will be lumped together in the 1-5% group, and probably counted as a person "saving less than 5%. Bear in mind also that those who save 5%, which is a common (and respectable) level of savings, will be lumped together in the 1-5% group, and probably counted as a person “saving less than 5%.

]]> By: Chris L. http://blog.canadian-dream-free-at-45.com/2009/09/15/surveys-and-potential-lies/comment-page-1/#comment-32830 Chris L. Wed, 16 Sep 2009 02:10:05 +0000 http://blog.canadian-dream-free-at-45.com/?p=961#comment-32830 However CPP and OAS are defunct, no? Welfare? Yeah I guess so but that can't work for everyone it only works for the minority (someone has to pay for it). People ultimately need to become self-sufficient. We've become so apathetic and this will be our downfall. The government isn't going to help out those that didn't plan for the future. However CPP and OAS are defunct, no? Welfare? Yeah I guess so but that can’t work for everyone it only works for the minority (someone has to pay for it). People ultimately need to become self-sufficient. We’ve become so apathetic and this will be our downfall. The government isn’t going to help out those that didn’t plan for the future.

]]> By: Canadian Money http://blog.canadian-dream-free-at-45.com/2009/09/15/surveys-and-potential-lies/comment-page-1/#comment-32810 Canadian Money Tue, 15 Sep 2009 16:27:03 +0000 http://blog.canadian-dream-free-at-45.com/?p=961#comment-32810 Thinking outloud here. In Canada, we have CPP and Old Age Security. Sounds like retirement savings me. I guess the most common Canadian "emergency fund" is welfare. In a sense, for homeowners who have some equity...they can "eat their house" if they need to. By, first selling, to get at their equity, then renting. It buys some time. Thinking outloud here.

In Canada, we have CPP and Old Age Security. Sounds like retirement savings me.

I guess the most common Canadian “emergency fund” is welfare.

In a sense, for homeowners who have some equity…they can “eat their house” if they need to. By, first selling, to get at their equity, then renting. It buys some time.

]]> By: Chris L. http://blog.canadian-dream-free-at-45.com/2009/09/15/surveys-and-potential-lies/comment-page-1/#comment-32806 Chris L. Tue, 15 Sep 2009 15:40:09 +0000 http://blog.canadian-dream-free-at-45.com/?p=961#comment-32806 The data is sad no matter how you look at it. Who's going to support all these people when they can't work anymore? We're in for a big mess. Everyone is transferring their wealth to big companies in exchange for goods (big picture). The select few winner wont be giving it back! The data is sad no matter how you look at it. Who’s going to support all these people when they can’t work anymore? We’re in for a big mess. Everyone is transferring their wealth to big companies in exchange for goods (big picture). The select few winner wont be giving it back!

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