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Canadian Millennials Are Failing To Keep Up, Putting The Economy At Risk: RBC - Better Dwelling

Canadian Millennials are struggling financially compared to previous generations, with higher levels of debt, stagnant incomes, and less disposable income, which could amplify the impact of an economic downturn, while Boomers are faring much better.

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Millennials set to face most economic pain in months ahead, RBC says. Here’s why - National
Canadian millennials, especially homeowners, are expected to face significant economic damage and high interest costs in the coming months due to rising interest rates, according to a report by RBC, leaving them vulnerable to job losses and straining their high levels of debt.
Longevity is challenging people to reimagine their later years. One age cohort is 'carrying the most stress and burden,' research finds
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Wealthy millennials are flocking to Florida and Texas—and no one wants to live in New York or California
High-earning millennials are flocking to Florida and Texas, as these states with no income tax are the top destinations for young professionals earning at least $200,000 a year, while New York and California experience the biggest net losses in this demographic.
This Week’s Top Stories: Canada Abandons Young Adults, & Housing Is An Inflation Risk - Better Dwelling
Canadian real estate and the economy are facing challenges, with slowing growth, high debt for millennials, increased fixed-rate mortgages, rising housing prices as an inflation risk, and low mortgage growth prompting concerns.
Every Generation Lost Wealth Last Year—Except One
The US experienced a significant decline in wealth last year, but millennials saw their net worth rise due to their higher investment in real estate, debunking the myth that they are financially struggling.
Boomer Housing Needs Drive Today's Shortage As They Age Into More, Smaller Households
The aging population, particularly the baby boomer generation, is fueling the demand for housing, creating a shortage and making it more difficult for younger generations, like millennials, to buy homes.
Gen Z More Optimistic About Homeownership Than Millennials Despite High Prices
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Canada's economy is struggling and heading towards a recession, with declining incomes and high household debt, leading to growing dissatisfaction with Prime Minister Trudeau and his government.
Fed Policies That Benefited Baby Boomers Now Squeeze Younger Generations
Baby boomers have benefited greatly from the Federal Reserve's policies, earning high returns on their investments while younger generations suffer from inflation and high costs.