Friday, June 10, 2011

Since When Is $50,000/Year A "Cycle Of Poverty"?

Internal development of Canada's internal bord...                       Image via Wikipedia
As a single mother who entered university to try to break the cycle of poverty, I now find myself in a $48,800/year job (for which having a degree was mandatory) and carrying monthly Canada Student loan costs of $544/month and BC Student Loan costs of $200/month...
My son will be entering university in 6 years, at which time, I expect to still be carrying my own debt, and will be unable to provide full support for his educational costs, and so the cycle of poverty continues as he will be forced to amass debt as well.
Is this true? Is earning $50,000 a year in Canada now considered being in a vicious, unalterable, unending cycle of poverty?  If so, I need to reassess my income needs.

And, if I may make a conservative point which does not necessarily apply to the woman in question, but which I believe applies in general, the cycle of poverty doesn't begin with taking out a student loan. It begins with becoming a single parent of a child conceived and raised out of wedlock. Wanna break the cycle of poverty? Show some self-restraint and wait until you're married to a reliable individual person worthy of being your partner for life.

This would do more to alleviate poverty than all the grand plans of the NDP and Liberals combined.

But don't expect it to be raised as a suggestion any time soon.

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Anonymous said...

48 grand is poverty stricken? How do I get that poor?

Anonymous said...

48 grand is over double what I get for disability. And I live comfortably enough to clearly state I'm not among the poverty line. Just have to wait longer to get everything. Thrift.

I'm a patient capitalist.

Unlike most youth nowadays, I don't expect to own an 360 until their sold for $80-60 new. Thats a long long ways away. But works as a general example.

Whats at the top of the list of popular entertainment is at the bottom of my priorities.

Would prefer if they would not punish you for working though. It's pretty ridiculous.

They give with one hand, take with the other.

As for that woman, she should downsize something in her life so she could live more comfortably within her means. Is she stuck in a home she can't sell or afford?
Otherwise she has a spending problem.

RkBall said...

Anon2: Thank you for telling your story and sharing your views -- appreciate it!

"... nothing intellectually compelling or challenging.. bald assertions coupled to superstition... woefully pathetic"