Why It Feels Harder to Get Ahead in 2025
TLDR
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Millennials and Economic Mobility
This chapter explores the financial landscape for Canadian millennials, revealing that they possess more wealth than previous generations at the same age, despite public concerns about future economic stability. It contrasts income growth against the extreme rise in housing costs, illustrating the challenges of upward mobility in the face of escalating living expenses. The discussion highlights the growing divide among income groups and the implications for societal security and satisfaction amidst these economic disparities.
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