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The kids are not OK. New data shows Canadians under-30 ‘very unhappy’ (globalnews.ca)
submitted 2 years ago by to c/canada@lemmy.ca
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[–] 7 points 2 years ago (1 child)

Thanks for this. I'm so fucking tired of the older generation trying to tell me this isn't the case.

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  • [–] 5 points 2 years ago (1 child)

    No worries, I'm the Oldest Millenial (1981) bracket and even we're staring at some pretty stark statistics, so image what Gen Z are feeling and experiencing here. Here's more you can tell them back.

    Worse still for renters, the average cost of keeping a roof over their head has increased by more than what those who own have experienced. The average cost for shelter among renters grew by 17.6 per cent in the past five years, from $910 a month, on average, in 2016, to $1,070 in 2021

    Not only are 'we' down (the royal 'we' of renters), we're getting kicked while we're there.

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  • [–] 2 points 2 years ago* (last edited 2 years ago)

    And unlike a mortgage, you build no equity with renting. When you own and pay into the mortgage, you at least get some of your investment back when you sell and move. You get nothing back out of paying rent when it is time to move.

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