>Millennials in 2021 were twice as likely to live with their parents than baby boomers were when they were young adults, according to a new report.>The report from Statistics Canada out today analyzed data from three census cycles to compare changing housing dynamics across three generations: millennials, Gen Xers and baby boomers.>StatsCan found that 16.3 per cent of millennials aged 25 to 39 were living with a parent as of 2021, whereas 8.2 per cent of baby boomers were doing the same at those ages in 1991. >Millennials also had the lowest home ownership rate at those ages, compared to previous generations. Just under half of them — 49.9 per cent — owned their home as of 2021, while 56.2 per cent of Gen Xers did in 2006 and 55.9 per cent of baby boomers in 1991.>The trend was even more pronounced in bigger cities — particularly in Toronto and Vancouver, which have the highest housing costs in the country. In Toronto, 26.1 per cent of millennials in 2021 were living with a parent, as were 19.3 per cent of millennials in Vancouver.>The cost of housing in Canada, which has skyrocketed relative to wages over time, has likely had an impact. Lower-end homes have increased by more than 200 per cent since 2024, young dual-earner household incomes grew by just 76 per cent in that same period, according to a recent CBC News analysis.https://www.cbc.ca/news/business/millennials-living-with-parents-statscan-9.7190099
Why are millennials so lazy?
>>534614107>WHY WON'T YOU MAN UP AND BUY THINGS YOU CAN'T AFFORD?Lol, I'm a millennial that owns a home, but this amount of gaslighting is hilarious.
>>534614107Why is it a crisis?Families lived together for thousands of years and it was never a crisis.
No such thing as home ownership when you have mortgage and property taxes
>>534614238They don't know how to throw a decent handshake + they spend whatever little they gain in luxuries such as avocado toast
>>534614107Someone spent $60,000 to make a retro handyman style kitchen that looks somewhat like a self built kitchen from the 1960s.
>>534614107>crisisgod forbid families live together
Canada not UK. Things are bad here but not as bad as Canada.
>>534614107>UK>Citizens can't afford American millennials are in the same boat nigga. Y'all ain't special
>>534614548The funny thing is, they'll say>well the boomers also didn't go out every weekend and spend all their money on fancy foods!But yes they did. Millenials and zoomers don't. Because rhey can't. That's why bars and "third places" are all dying. Because boomers were blowing their money and millenials/zoomers don't.
>>534614548>avocado toasta avocado costs 50ct thats cheaper than the salmon slices the boomers eat. How is that a luxury?
>>534614777>>well the boomers also didn't go out every weekend and spend all their money on fancy foods!>But yes they did. Millenials and zoomers don't. Because rhey can't. That's why bars and "third places" are all dying. Because boomers were blowing their money and millenials/zoomers don't.That's the wildest fucking thing. Any conversation with old people is them questioning why young people don't go out to bars or get out all the time, but then they will complain in the same conversation that young people (aka anyone under 40) that they simply don't know how to manage money even though half of us live like monks.
i'm 35 and on 40k a year, i can either drop a grand a month paying for someone else's mortgage or i can save a lot of money. i lived with a flat mate for a few years and at some point i realised it was just for peer pressure.
>>534614777I haven't had a job interview with a boomer since the 90s.
>>534614107>UK>StatcanHuh?
>>534614107Britain is an empty shell of a country. People there just work until one day they get sick and die and the concept of quality of life is barely in the consciousness. British people take solace in eating slop drinking booze and going on holiday for 2 weeks per year. Horrible place. Even if you did own your own home it's still shit. Cramped dump of a place.
>>534614448Normally it would be fineBut the market is distorted by millions of imported niggers and equity firms getting government handouts to buy up housing stock.In the past generational homes were kept in the family by inheritance, today the government steals your home from you when you die.
lots of long hyphens.AI written.
I honestly wish covid has killed us. The government is going to kill us with shame and boredom.
>>534616242And bot posted, considering that the OP didn't bother checking which country the article is about.
Yeah no shit. Even at 13% interest, a home in the early 80s was easily affordable on a shit salary. Because they were like $70-90k and you could be earning like $25k. Now that same house is $500k and people only earn like $85k.
>>534614884i prefer beluga caviar toast and i don't care how much that costs, as clients give the caviar to me in appreciation of my services. t. millenial endocrinologist
>>534614107sounds like libshits got exactly what they voted for and are angry about it
>>534614107yes the famous cities of Toronto, Scotland and Vancouver, England sure are expensive
>>534616074Shut the fuck up you Paki-loving cunt. You English faggots pay nearly half of your income as tax to support Muslim welfare munchers who rape your children and bring in more of their inbred relatives to replace you while British families are evicted to accommodate them, with the full support of most of the population. You're a castrated, self-hating Labour-voting poofter who celebrated the Manchester bombing, sucks the cock and balls of Two Tier Keir the Queer and sold out your own country to the assorted trash of the third world for a chicken tikka masala.If a dirty little swollen headed Somalian foreign bastard stabbing a 6 year old British child 177 times does not make you want to stand up for your country and fight back then I don't know what will. Yet the vast majority of Britroaches continue to defend immigration and minorities. There isn't a single Britroach alive above the age of 20 who is not complicit in the mass sexual exploitation of the Muslim grooming gangs and the subsequent cover up. Each and every one of you, is the moral equivalent of Jimmy Savile and should be treated as such. Everywhere you go, you should be subjected to beating, mutilation and sexual assault. If you have any children, I hope they are killed in a similar fashion as the ones in the Southport stabbing. You have done nothing but advocate for unlimited immigration and the destruction of your own race
>>534614422Same. Some boomers gave their kids good advice on college, work, family, and money. Other boomers put in minimal effort and/or gave bad life advice because those boomers barely had to try or put in rational thought. As a result boomers told their GenX and millenial offspring a faulty toolbox for life: go to college by any means possible, work for minimal pay because tomorrow your boss will realize your real worth and pay you 6 figures for a job anyone on the planet could do.
>>534619963Good morning saaar
