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IceSkater40's avatar

I’m Gen X (later Gen X, but not quite millennial). It took us over 30 years of marriage to buy a house. Largely due to a low income childhood and being in debt before reaching adulthood.

I know this article reflects how may Gen Z feel (I have 3 kids who are Gen Z,) but I think there is also an opportunity. We have multiple generations who haven’t been taught how to build even a little wealth before moving out. Kids move out at 18 and of course can’t support themselves - but then we stigmatize those who stay at home until they’ve saved enough to launch independently.

There is another way to live - even in current circumstances. It takes planning, and patience, and a lot of follow-through. But it can be done. I would argue that instead of giving Gen Z a platform to talk about how unfair inflation is, more should be done to help increase intergenerational wealth, encourage young unmarried adults to stay at home. Open a TFSA or an FHSA or an RRSP as soon as they’re 18. Then contribute to it when they don’t have to pay rent. Value staying debt free with not using a credit card to lend money. These are things that Gen Z can do while still living at home and it’s an easy way for millennials and Gen X to support their kids.

Yes, the world and economy is different. The pandemic response destroyed a lot of our social connections and lowered literacy and general education. But there are options available to help support young adults in becoming stable. I know they’re not sexy options and I doubt a political party could cater to that - it’s not as catchy as build the homes or axe the tax. But maybe if we spent more time on solutions rather than slogans that get people worked up, we’d actually address the problem instead of creating attention economies that stoke frustration and hopelessness but don’t change how someone lives.

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YMS's avatar

One doesn't need a degree in social science to see how divided things have gotten in Canada. Ideology plays a major part in the great divide. If our politicians were honest and motivated by the need to improve the lives of Canadians instead of the constant need to cater to this and that faction in order to get re-elected, we might not see such a huge chasm. Unfortunately, we insist on electing unscrupulous selfish and self-interested individuals who don't seem to much care about the impact of their decisions on Canadians. We need to get serious about the affairs of this country or it will fracture beyond repair in short order.

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