- Reaction score
- 4,169
- Points
- 1,040
So what your admitting is it is much harder for them to get ahead.The greatest issue about affordability for young people is that they believe it is their right to have work/life balance right out of high school, and to have the same life they had when living with their parents. Very few understand what hardship is until its too late. Do you know who can afford their own houses these days in their early thirties? Individuals who work six and seven days a week and multiple jobs and save that money up. Not those who live at home, work 35-40 hours a week and then spend all their money on vacations, weekends away, Starbucks, and wine nights.
Oh, and the other group that can afford housing. Immigrant families where all eight family members work whatever jobs they can get for as many hours as possible, and pool their earnings. And when they have enough saved up, they buy a local business and run it successfully. And then purchase the next one, and so on, creating employment for the ever growing family.
This used to be the way family farms, and family run businesses worked, until the newest generations decided they didn't want to put in the effort to keep the wealth generating businesses going because the work was too hard.
Youth employment rates are down, those jobs they do find pay peanuts well requiring very expensive educations to get in the door. They are drowning in student debt which is basically a car payment you can’t default on (unlike previous generations which could, my uncle did this).
They shouldn’t have to work 3 jobs for a decade+ just to barely afford housing. The current generation is working the same amount as previous generations at their age so it isn’t ‘laziness’.
The biggest difference is the fact that before you could make poor financial decisions when you were young and you could recover from them. Today making those same poor decisions means they won’t ever recover.
Another thing to add in about wages, pensions are much worse today for the average Canadian. That is another thing which needs to get factored in to how much less they make per hour. Long term it is creating a slow burning crisis.
The difficulty in getting ahead today is much worse than even a decade ago. I couldn’t be where I am at today if I had to do it in the modern era (and I am only in my 30s).
This isn’t greed talking, I worked and got mine, I also want others to be able to get theirs. Otherwise we are acknowledging that life will be worse for my children if we don’t do something about it today.
