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- cross-posted to:
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Bad news, it’s people over 30 too. Kinda obvious when you aren’t able to hit milestones and afford the life society “promised” you. One day you ask yourself “what’s the point?”
I know. I’m in my 50s and feel I have more in common with insecure young people than with the contented boomers we hear about.
I think this every time with these articles.
I hate to break it to you, that’s a sentiment the human race shares as a whole.
Not the over-60s in Canada, according to this article. It’s painful watching them fumble around for reasons why young people might not be happy though. Apparently being unable to afford to live your life of wage slavery in a burning country whose social infrastructure is being dismantled on a planet that’s being destroyed so billionaires can become trillionaires while the world turns to fascism and war is not enough.
You covered it implicitly here but I’ll state explicitly that corporate media’s narrow perspective and reluctance to seriously investigate real issues doesn’t help either. It’s creating a dystopian effect.
You think they’re unhappy? Go ask the parents of these under-30s, who should be retiring but are likely still working to support their adult kids, how they feel!
Every one of us is losing right now, except the rich pricks who still aren’t happy with billions in the bank.
Yes, I am that parent. I have no money for retirement, and I don’t own a house, and my income is entirely spent on the family. I feel pretty insecure and a bit bad that I don’t have the means to leave them anything when I die.
Are you me?
It’s possible.
If that was the case then we’d have legislation that taxes property speculators - we do not. In fact I keep hearing how they want to protect “mom and pop” landlords, or how landlords are doing a service by providing rentals.
ONLY the provincial Green Party has proposed doing fuck all about speculators. Speculators became a larger segment of the market than first time buyers a few years back.
don’t feel bad. the kids over 30 aren’t very happy either.
Nope, life sucks these days
Thank God I’m not in Canada. Here in Europe everyone is happy as a crab 😐
That whole “future looks grim” thing doesn’t really help being happy I guess.
It really does look grim man. It does matter a bit where you live, but when i listen to my canadian friend, i feel like it’s just like here on steroids. He always tells me how he lives in a tiny shitty apartment but pays like 1500 canadian per month and they want to raise rent by 400 buckeroos. Which over here is super illegal and it’s also already too expensive. I pay 1600 a month for a whole ass house. I have friends who live in the city and they already pay as much for a really old not too big flat. I do often wonder how people afford to have kids, or what their plan is for the future.
Interesting regional difference
Always heard “happy as a clam”
To be honest I forgot what it should be. German here.
Maybe it’s happy as a Miesmuschel
But I do like boobies as well.
Edit: I had “healthy as a crab” in mind. From good old Futurama, season 1.
“One possible reason why we’re seeing this decline in happiness among youth is that I think we need to really think about whether or not our younger folks feel hard work can bring success,” he told Global News.
He added the cost of living and housing affordability may make some people feel like working hard won’t necessarily get them to achieving what they consider a “good life.”
I don’t understand why he says things like ‘feel like’ here - it’s not a question of feeling it’s a fact. Working hard won’t get you success.
Also what the actual fuck is this:
the cost of living and housing affordability may make some people feel like working hard won’t necessarily get them to achieving what they consider a “good life.”
Who the fuck considers living with roommates until you’re moved into a public old age home, assuming they even exist by then, a ‘good life’? Kids today are worse off than kids 20 years ago, fact.
- Between the two Canadian censuses of 2016 and 2021, the portion of Canadians living in owner-occupied homes fell from 69% to 66.5%.
- The homeownership rate of 66.5% from the latest census is the lowest since 2002.
- Baby Boomers are the biggest homeowner age group, accounting for over 40% of all homeowners in Canada.
- Just under 60% of new homes were owner-occupied in 2021.
- Approximately 35.5% of Canadian homeowners have a mortgage in 2023.
- The value of owner-occupied homes grew by almost 40% between 2016 and 2021.
- House prices were down by 4% from the previous year in May 2023.
- Couples, high-income earners, established immigrants, and university graduates are more likely to own their homes in Canada.
Here’s who own homes by age:
Data collected in 2011 and 2021 shows that Canadians were less likely to own their place in 2021 than in 2011 in almost all age groups. The rate of homeownership decreased the most among 25-29-year-old Canadians from 44.1% in 2011 to 36.5% in 2021. The rate fell from 59.2% to 52.3% for the 30-34 age group, which was the second biggest decrease.
While the ownership rates fell among the older age groups, too, the changes were more subtle. For example, homeownership fell by just 0.7%, from 75.5% to 74.8%, among Canadians aged 70 to 74. The ownership rate increased among the over 85-year-olds largely driven by the ageing population’s high homeownership rates. 41.3% of homes are owned by Canadians aged 56 to 75, the largest home-owning age group.
Thanks for this. I’m so fucking tired of the older generation trying to tell me this isn’t the case.
No worries, I’m the Oldest Millenial (1981) bracket and even we’re staring at some pretty stark statistics, so image what Gen Z are feeling and experiencing here. Here’s more you can tell them back.
Worse still for renters, the average cost of keeping a roof over their head has increased by more than what those who own have experienced. The average cost for shelter among renters grew by 17.6 per cent in the past five years, from $910 a month, on average, in 2016, to $1,070 in 2021
Not only are ‘we’ down (the royal ‘we’ of renters), we’re getting kicked while we’re there.
And unlike a mortgage, you build no equity with renting. When you own and pay into the mortgage, you at least get some of your investment back when you sell and move. You get nothing back out of paying rent when it is time to move.
Homes going up by nearly 10% per year is a huge part of the problem. If a home cost 500k one year, then goes up 10%, its now 550k. How the hell is a person expected to obtain a home when they are increasing by the persons total annual salary of 50k each year?
2001-present hasn’t been the best of times
More like fuckin pissed. 2 degrees, professional job. “Established.” … and renovicition means im living at home again in my 30’s. Either something gives or uprisings will start.
The Offspring have been telling us this since '98.
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I’m open-source; check me out at GitHub.
Well yeah no shit. need I even say why?
