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Liberal Minority Government 2025 - ???

So much for 'elbows up'...

Cost top barrier to buying Canadian goods – Cost is an exceptional constraint for people under 35 years of age. (CTV News/Nanos)​



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Good this most people with actual purchasing power are above the age of 35.

Also, I don't see this as buying American, they can just as easily buy Chinese.

Or really from anywhere, the US being excluded. Quite a bit of planet out there.
 
More about those under 35s... those young families have been having it too good for too long anyways, right? ;)


Canadians under 35 are debt-stressed — and buy now, pay later ubiquity isn't helping​

One debt relief non-profit served more 18 to 34-year-olds this year than at any other point in its history​


Mark Kalinowski has been a credit counsellor for nearly 14 years, helping people of all generations manage their debt. But this year, more than a quarter of the clients he saw in his Calgary office were under the age of 35.

"They'll come in and sometimes they'll cry, sometimes they'll be angry, they'll be very, very frustrated because they don't know why their life's on hold," said Kalinowski.

The Credit Counselling Society — the debt management non-profit where Kalinowski works — served more 18-to-34-year-olds in 2025 than at any other point in its history, its spokesperson told CBC News.


 
More about those under 35s... those young families have been having it too good for too long anyways, right? ;)


Canadians under 35 are debt-stressed — and buy now, pay later ubiquity isn't helping​

One debt relief non-profit served more 18 to 34-year-olds this year than at any other point in its history​


Mark Kalinowski has been a credit counsellor for nearly 14 years, helping people of all generations manage their debt. But this year, more than a quarter of the clients he saw in his Calgary office were under the age of 35.

"They'll come in and sometimes they'll cry, sometimes they'll be angry, they'll be very, very frustrated because they don't know why their life's on hold," said Kalinowski.

The Credit Counselling Society — the debt management non-profit where Kalinowski works — served more 18-to-34-year-olds in 2025 than at any other point in its history, its spokesperson told CBC News.


The generation right behind me is absolutely screwed.

Turns out boomers voting themselves every benefit under the sun and pulling the rug out from under those coming behind has side effects.
 
The generation right behind me is absolutely screwed.

Turns out boomers voting themselves every benefit under the sun and pulling the rug out from under those coming behind has side effects.
Just wait until millenials and such reach retirement age. Most won’t be able to retire due to much worse pensions than previous generations coupled with the inability to save thanks to much higher costs of living and stagnant wages.
 
Just wait until millenials and such reach retirement age. Most won’t be able to retire due to much worse pensions than previous generations coupled with the inability to save thanks to much higher costs of living and stagnant wages.
The only reason I own a house and will be able to retire is the military.

I have no idea how others my age or younger will do it
 
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More about those under 35s... those young families have been having it too good for too long anyways, right? ;)


Canadians under 35 are debt-stressed — and buy now, pay later ubiquity isn't helping​

One debt relief non-profit served more 18 to 34-year-olds this year than at any other point in its history​


Mark Kalinowski has been a credit counsellor for nearly 14 years, helping people of all generations manage their debt. But this year, more than a quarter of the clients he saw in his Calgary office were under the age of 35.

"They'll come in and sometimes they'll cry, sometimes they'll be angry, they'll be very, very frustrated because they don't know why their life's on hold," said Kalinowski.

The Credit Counselling Society — the debt management non-profit where Kalinowski works — served more 18-to-34-year-olds in 2025 than at any other point in its history, its spokesperson told CBC News.


Part of it is definitely income vs cost of living, but part of it is, for want of better terms, maturity and financial literacy (numeracy?). As a port retirement gig I did background investigations on people seeking gaming licences. A lot of them were young people, often still living at home. Part of the investigation was a credit check and the number of people who had multiple credit cards that were in debt and inactive, as well as telco accounts in debt, was astonishing. Typically, the answer was they maxed out a card, so they simply got another one. For the telcos, the usual answer was they lost the phone so they simply stopped paying on the contract. The absence of awareness of debt and contractual obligations was consistently astonishing.

In contrast, both our daughter and son-in-law are Millennials. I think they got a wee bit lift on a mortgage; both with decent incomes and pensions. It takes discipline (that, and not living in the GTA or Vancouver I guess).
 
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