I guess it depends on province but I heard you have high inflation over there. How is it affecting the average person over there?

You are viewing a single thread.
View all comments View context
3 points

The young kids struggling to get started was a problem well before COVID and the inflation. It’s a problem that’s fallout from the elimination of the middle class, and stagnant salary growth compared to an ever rising PPP index. Canada started protecting their (small, super concentrated) elite and the elite’s related corporations, at the cost of the wellbeing of their citizens >1970s. We are seeing a well-established generational difference as a result, that’s now been magnified by the Millenial/Gen Z groups, as they’ve also has to contend with the fallout from huge macroeconomic events like the Great Recession, COVID and post-Covid inflation. Not to mention having to contend with the formation and growth of one of the greatest asset bubbles in modern economic history.

permalink
report
parent
reply

CanadaPolitics

!canadapolitics@lemmy.ca

Create post

Placeholder for any r/CanadaPolitics refugees

Rules:

All of Lemmy.ca’s rules apply

  • No bigotry - including racism, sexism, ableism, homophobia, transphobia, or xenophobia.
  • Be respectful. Everyone should feel welcome here.
  • No porn.
  • No Ads / Spamming.

Community stats

  • 95

    Monthly active users

  • 1.4K

    Posts

  • 3.6K

    Comments