Destinations Tech Hub Student Toolkit Blog All Picks
StudenzBit The Founder's Notes Economy
The Thought

I grew up watching American farmers drive Ferraris. At 22, living in Canada for three years, I'm watching six-figure earners stress about groceries.

When I was a kid, the West meant one thing: abundance.

I remember a documentary we watched in school. Farmers in the US. Wide open land. And somewhere in the background, a Ferrari parked outside a barn. A farmer. I did not know what taxes were. I did not know what cost of living meant. I just knew that over there, even the people growing food were doing well.

I compared that to India without even thinking about it. The difference was not small. That image lived in my head for years.

Fast forward. I am 22. I have been in Canada for more than three years. And I am watching something that nobody in my hometown would believe if I told them.

People earning $100,000 a year, which back home sounds like generational wealth, are telling me they are one car repair away from a bad month. Rent takes $2,200 before they have bought a single thing. Groceries for one person, $300 a month easy. Transit, phone, student loan payments, taxes. And suddenly that six figure number has maybe $800 left at the end of the month if you are lucky.

The salary is real. The math just does not work the way I thought it would. Nobody lied to me exactly. But nobody told me the full picture either.

Back home, people compared earnings in dollars and spending in local currency. That math feels good. But when you are actually living abroad, you earn in dollars and you spend in dollars. Things may look cheap when you convert in your head. The moment you are the one paying, you feel it.

Research the cost of living before you research the salaries. A $70K job in a mid-size city will often leave you more financially comfortable than a $100K job in Toronto or Vancouver. The number on your offer letter means nothing without knowing what stays in your pocket after rent, taxes, and groceries. Before you move, before you accept a job, run the actual math.

RELATED READS

Week 2: Your GIC Released. But Can You Spend It All? · Day 4: Mattress, Kitchen & Your First Grocery Shop

When you first heard about Canadian salaries, what number did you think would mean you had made it? Did the reality match it?

Drop your answer in the comments or DM us.

Economy