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Publicity co-ordinators Nikki Lamb, left, and Ursula Terlecki at the CanWest offices.
Publicity co-ordinators Nikki Lamb, left, and Ursula Terlecki at the CanWest offices.
(KEVIN VAN PAASSEN/THE GLOBE AND MAIL)

Economy Lab roundup: How low rates make life easier for millennials

Maybe Canada’s millennial generation doesn’t have it tougher than its parents did after all. But if that’s the case, it may be more a fluke of generational timing than a broader economic trend. Many of their parents came of age in an unusually lousy time themselves.

A new study from Bank of Montreal senior economist Sal Guatieri, published Friday, compares the financial state of Canada’s 25-to-34 age group today with the same age group a generation ago (specifically, 1984-88). He found that the current millennials group enjoys a lower unemployment rate, has a higher inflation-adjusted median income, and has almost double the net worth of the previous generation at the same age.