Need to Know: Adulthood is increasingly on hold for young Canadians—and it’s not their fault (The Hub)
What’s holding young Canadians back? A lot
In 1960, nearly 60 percent of Canadians were married and owned a home by the age of 30. By 2020, that number had fallen to just 15 percent. This isn’t just a marginal change. This represents a total collapse of what used to be considered a normal life trajectory.
The reasons are structural. Housing costs have outpaced incomes for over two decades. Urban planning policies (from exclusionary zoning to costly development charges) have made it harder and more expensive to build homes where people want to live. Labour markets have shifted too: the transition from school to work has become longer, riskier, and less linear. Student debt is up. Wages are flat. Entry-level jobs that once launched careers have been replaced by precarious service work or credential creep.
Add it all up, and young Canadians are stuck in a holding pattern ...
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