Rising costs placing a burden on families

With food, transportation and housing costs rising, sticking to the family budget is become increasingly more difficult in B.C.

With food, transportation and housing costs rising, sticking to the family budget is become increasingly more difficult in B.C.

According to the Canadian Centre for Policy Alternatives, it takes two parents earning $19.62 an hour — each — to support a family of four.

The annual recalculation of the so-called “living wage” found the hourly rate necessary to cover rent, child care, food and transportation (after government taxes and levies) jumped 48 cents from $19.14 last year — that’s the equivalent of 2.5 per cent, or nearly double the rate of inflation.

We all know that housing costs are to blame for some of this burden, but the CCPA study found that rising child care costs, food prices and a four per cent jump in Medical Services Plan premiums were also to blame.

The problem is, many working parents don’t even make that “living wage” and are getting by on the minimum wage of $10.25.

How are families coping? Studies have shown there are increasing numbers of families in “core need,” meaning that their housing costs are so high and their incomes so low that they are at constant risk of homelessness. More people are also using the food bank.

Other families, whose wages are more in keeping with the limit suggested by CCPA, are making some difficult choices to stretch their dollars. They have given up on the idea of a second car, for example, or the dream of an at-home parent and are turning to creative housing choices. More and more families are living in condominiums and basement suites, and those who can afford to own a single-family home are renting out the basement.

Meanwhile, per capita debt, although stabilizing, is still high, suggesting that the Canadian dream, while not dead, is becoming increasingly expensive to maintain.

— Black Press

 

Just Posted

Justin Fotherby,17, and Ashley McMillan, 17 have been chosen for an invitation only competition that sees 20 of Canada’s top swimmers per event vying for a spot at the upcoming 2021 Tokyo Olympic Games. (Submitted)
Penticton swimmers off to Olympic trials

The pair are eyeing a spot on the Canadian team heading to the Tokyo Olympics

Bentley resting on a bench at Kal Park in Vernon not knowing there is a baby rattlesnake curled up below. Bentley jumped down and was bit by the snake. (Facebook)
Dog bit by baby rattler at popular Vernon park

The rattlesnake was hidden underneath a park bench when it struck out

Renderings of what the skating rink could look like beside City Hall between Martin and Main in downtown Penticton. (Activate Penticton image)
Outdoor skating rink back at Penticton council

City staff recommend going forward with rink which could host 2022 BCHL’s 60th year celebration

Longtime SOWINS volunteer Diane Fru (far left) walks with members of her family as they Walk To End Abuse Sunday, June 13, 2021. South Okanagan Women In Needs Society (SOWINS) raised a record amount this year. (Monique Tamminga Western News)
Walk to End Abuse in South Okanagan breaks fundraising record

More than $53,000 raised so far while the pandemic has increased need for SOWINS’ services

The Great Ogopogo Bathtub Race has been held in Summerland as a fundraising event. Do you know which Canadian city introduced this sport? (Black Press file photo)
QUIZ: A summer’s day at the water

How much do you know about boats, lakes and water?

Canadian Prime Minister Justin Trudeau participates in a plenary session at the G7 Summit in Carbis Bay, England on Friday June 11, 2021. THE CANADIAN PRESS/Adrian Wyld
Canada donating 13M surplus COVID-19 vaccine doses to poor countries

Trudeau says the government will pay for 87 million shots to be distributed to poor countries

Premier John Horgan speaks as provincial health officer Dr. Bonnie Henry, right, and health minister Adrian Dix look on during a press conference to update on the province’s fall pandemic preparedness plan during a press conference from the press theatre at Legislature in Victoria, Wednesday, Sept. 9, 2020. THE CANADIAN PRESS/Chad Hipolito
B.C. officials to provide details on Step 2 of COVID reopening plan Monday

Step 2 could allow for larger gatherings and a resumption of recreational travel

Indigenous Services Minister Marc Miller is seen during a news conference, Wednesday May 19, 2021 in Ottawa. THE CANADIAN PRESS/Adrian Wyld
Indigenous child-welfare battle heads to court despite calls for Ottawa to drop cases

Feds are poised to argue against two Canadian Human Rights Tribunal rulings

Two-year-old Ivy McLeod laughs while playing with Lucky the puppy outside their Chilliwack home on Thursday, June 10, 2021. (Jenna Hauck/ Chilliwack Progress)
VIDEO: B.C. family finds ‘perfect’ puppy with limb difference for 2-year-old Ivy

Ivy has special bond with Lucky the puppy who was also born with limb difference

A million-dollar ticket was sold to an individual in Vernon from the Lotto Max draw Friday, June 11, 2021. (Photo courtesy of BCLC)
Lottery ticket worth $1 million sold in Vernon

One lucky individual holds one of 20 tickets worth $1 million from Friday’s Lotto Max draw

A logging truck carries its load down the Elaho Valley near in Squamish, B.C. in this file photo. THE CANADIAN PRESS/Chuck Stoody
Squamish Nation calls for old-growth logging moratorium in its territory

The nation says 44% of old-growth forests in its 6,900-square kilometre territory are protected while the rest remain at risk

Flowers and cards are left at a makeshift memorial at a monument outside the former Kamloops Indian Residential School to honour the 215 children whose remains are believed to have been discovered buried near the city in Kamloops, B.C., on Monday, May 31, 2021. THE CANADIAN PRESS/Darryl Dyck
‘Pick a Sunday:’ Indigenous leaders ask Catholics to stay home, push for apology

Indigenous leaders are calling on Catholics to stand in solidarity with residential school survivors by not attending church services

(Heather Lueck image)
Crash north of Enderby knocks out power, slows Highway 97A traffic

A witness captured footage of a medical helicopter landing at the scene

Most Read