There was an article in the news last week that talked about Canadian household debt. Apparently 59% of Canadian employees live pay cheque to pay cheque... which means that if their pay cheque was a week late, they would be in financial trouble. Half of Canadian employees put away 5% or less of their earnings into savings... Scary isn't it? This sort of thing has the potential to create problems for individuals as well as the Canadian economy as a whole...
Interesting... that the saving/spending habits of your neighbour down the street can ultimately affect your bottom line. Because if their saving/spending can affect the Canadian economy... guess who that is going to affect... you... Similarly... your overspending... your inability to save money... affects your neighbour down the street who is trying to watch their pennies and who is trying to save money... adversely too...
We live in an interconnected society... Our actions do not just affect ourselves... they affect everyone around us... You are not an island... I am not an island... We have a communal responsibility to live our lives in a way that moves everything forward... not just our own lives...
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