Being single stretches your finances even with a great salary. This is why millennials are screwed

I was speaking to a friend back home in Toronto about rent and the general cost of living.I was telling him that $65k is approximately $4000 after tax, per month. If $1700-2100 goes to rent, that makes it hard to live.Spending 50% of your after tax income on rent alone leaves little for student loan debts, helping family, saving, investing, transportation and leisure.At approximately $100k, you'd have $6000 a month after tax. Spending 1/3 of your gross income on rent is far more sustainable.Of course you can find cheaper accommodation, but quality of life matters.Especially with the present situation, my mental health would not hold up being in a dark basement or tiny room. Longer commutes on top of stressful jobs were effecting my physical health, so thats not a good option either.Most people I know in Toronto and Vancouver are making somewhere between $35k-50k per year.It seems like all the people I know around my age (below 30) who are university educated, are only doing well financially if they're a couple with no kids or making at least $80k and living frugally.This makes a ton of sense. Back when I was making $65'000, if I had someone to split rent with I'd have been laughing. We could've also split the cost of a car and many other things like home internet.Life just would have been easier overall in almost every way by just dating someone with an average salary. Making more money as a single person doesn't solve all these problems unfortunately.Even if you're single and making $100k+ like I was, there's a few things that will catch up on you:living with parents was impossible for me. This meant that my salary effectively was no better than a person making $60k-70k, living with parents and not paying rent.Factoring in sharing of other expenses, this would mean I'd barely keep more money, possibly less than my more fortunate peers on lower salariesEven if I lived at home, this would significantly hamper my dating lifethe cost of lifestyle creep in Toronto is sky high. I avoided clubs and bottle service, but its still a lot.Even just Uber on dates was a lot of money. Yes, you can find cheap places to go on dates in Toronto, but let's be real, how many people are happy with this? I've had multiple people lose their shit because I didn't want to go on an expensive first dateI had nobody's auto insurance policy to go under. My insurance was so expensive that I would be paying top dollar to insure a Honda or a Hyundai. My peers had cars gifted to them from their parents and were able to go under their insurance. Makes competing for jobs and dating harderfactoring in all of the above makes dating hellishnot increasing your lifestyle and working super hard as I did caused me burnoutWith all of the above taken into account, I see only two solutions:build a time machine and don't grow up poordate someone with an average income and no significant debtsThis is r/PersonalFinanceCanada so I won't get into how hard dating is, but it was disproportionately worse for me in Toronto than anywhere else I've lived globally.If an important key to financial comfort and security is being in a relationship, millennials are in trouble.When I worked in Vancouver, my single colleagues complained how tough dating was.I made it work by finding a great partner and affordable housing, but I had to move abroad to do so.My cost of living would jump, my pay would decrease and it would be a pain to bring my partner with me if I ever moved back to Canada (Toronto, Vancouver, Calgary).What are millennials supposed to do? Especially the ones who grew up poor? via /r/PersonalFinanceCanada https://ift.tt/2HjJo5v