TLDR
Why It Feels Harder to Get Ahead in 2025
Feb 26, 2025
Millennials today have more wealth than their parents but feel less secure due to soaring living costs, especially in housing. Gold shines as a top investment this year, fueled by interest rates and central bank strategies. Meanwhile, Canadians are enjoying bragging rights over egg prices, contrasting sharply with the U.S. market. The podcast also tackles Canada's unique supply management in agriculture and the impacts of recent child care reforms on economic stability. It’s a rollercoaster of insights about the financial landscape in 2025.
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Quick takeaways
- Millennials, despite having more wealth than their parents, face significant challenges due to soaring housing costs outpacing income growth.
- The surge in gold prices is driven by decreased interest rates and increased central bank purchases amidst global economic uncertainty.
Deep dives
The Surge of Gold Prices
Gold has emerged as a highly profitable investment, outperforming major assets like stocks and cryptocurrencies in recent months. The surge in gold prices is attributed to several factors, including a decrease in interest rates, which makes holding cash less appealing compared to gold. Additionally, central banks around the world have significantly increased their gold purchases, especially among countries affected by geopolitical tensions, leading to a more pronounced demand for gold. Individual investors, seeking stability amidst high inflation and rising prices, have also driven this demand, reflecting a broader confidence in gold’s enduring value over time.
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