[throw0101d]

> Canada here. Feels like we're barely hanging on to rung 5 or 6 and about to fall to the bottom.

The Missing Middle podcast went into this in a recent episode, and it's age-dependent: older folks are happier (i.e., they have purchased homes), while younger folks are less happy (cost of living). We Canadians basically have age-dependent wealth-class nowadays.

* https://www.youtube.com/watch?v=dizaUBC22o4&t=4m13s

[dismalaf]

The fact boomers have it so good yet our ranking is dropping like a rock tells you just how bad it is for the working class, especially those who don't have government jobs...

[girvo]

It’s the same in Australia. And they will live for another few decades most likely, so this only gets worse as far as I can tell.

While the government removes all the benefits boomers and Gen X got to use to build their wealth, ensuring the ladder is firmly pulled up behind them.

[bombcar]

Reminds me of the labour union negotiations where to preserve existing member benefits they forfeited future member's access to the same.