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Paul Kershaw on why we need a new deal for young people
May 1, 2025
Join UBC policy professor Paul Kershaw, also the founder of Generation Squeeze, as he tackles the pressing financial struggles faced by millennials and Gen Z. He highlights the surprising shift of young voters leaning Conservative and argues that political priorities have long favored boomers. Kershaw emphasizes the urgent need for generational fairness, particularly in housing affordability and financial security. He also calls for a rethinking of policies to ensure a sustainable future, tackling issues like climate change with intergenerational accountability.
34:09
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Quick takeaways
- Paul Kershaw highlights the financial insecurities faced by millennials and Gen Z, necessitating urgent policy reforms to address their economic realities.
- The podcast emphasizes the importance of intergenerational justice in tackling climate change, ensuring sustainable practices that benefit future generations while addressing current ecological crises.
Deep dives
Financial Insecurity Among Younger Canadians
Younger Canadians are facing significant financial insecurity, which is exacerbated by high housing costs and stagnant wages. Despite their hard work, many find themselves unable to achieve long-term financial security, as their socioeconomic conditions differ greatly from those of previous generations. The rising costs of education and increased debt loads contribute to their struggles, as many young professionals earn less than their parents did at the same age when adjusted for inflation. This generational contrast highlights the urgent need for policies that address the economic realities affecting millennials and Gen Z.