The Loonie Hour The Cost of Living Crisis- w/guest David Chilton
28 snips
Jan 16, 2026 
David Chilton, the acclaimed author of 'The Wealthy Barber,' shares his insights on the current housing and cost-of-living crisis in Canada. He discusses how rising living costs challenge younger generations and emphasizes the growing trend of parental assistance for first-time homebuyers. David also explores the implications of rapid immigration on housing and whether homeownership is always the best path. Furthermore, he reflects on the struggles of startups in attracting talent due to high living costs, offering a comprehensive look at modern financial challenges.
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Use TFSA & FHSA And Pay Yourself First
- Use new tax-advantaged accounts like the TFSA and FHSA as core savings tools.
- Pay yourself first and keep investing costs low to improve long-term returns.
Cost Of Living Outruns Reported CPI
- The rising cost of living now outpaces reported CPI and squeezes saving ability.
- Many people struggle to save 10–15% even when they manage spending sensibly.
Parental Help Deepens Wealth Divergence
- Wealth outcomes now split more by parental help and life events than by simple income percentiles.
- The bottom 30–35% face far bigger wealth-building challenges than before.
