theglobeandmail.com
Canadians' Financial Outlook: Record Pessimism
A new survey reveals record pessimism among Canadians about their financial well-being compared to their parents' generation, highlighting a disconnect between objective economic data and subjective experiences.
English
Canada
EconomyLabour MarketSurveySocial MobilityGenerational WealthFinancial Well-Being
Environics InstituteUniversity Of Toronto
Andrew ParkinLaura Doering
- How do the survey findings compare to traditional economic indicators?
- Factors contributing to this pessimism include the high cost of housing, global political uncertainty, and lingering economic hardship following the pandemic.
- What are some of the key factors driving the growing pessimism about social mobility in Canada?
- The survey reveals increasing pessimism about social mobility, with fewer Canadians feeling better off than their parents and a bleak outlook for the next generation.
- What percentage of Canadians feel they are financially worse off than their parents' generation?
- A record high 39% of Canadians believe they are financially worse off than their parents, according to a recent Environics Institute survey.
- What role does housing affordability play in shaping Canadians' perceptions of their financial well-being?
- Experts suggest that traditional economic indicators may not fully capture the struggles faced by younger generations, highlighting the importance of considering factors beyond standard metrics.
- What do experts say about the limitations of using traditional economic indicators to understand the current situation?
- While economic indicators like unemployment and inflation are relatively positive, the survey highlights a disconnect between objective economic data and the subjective experiences and perceptions of Canadians.