Skip to main content

Household Finances Six surprising charts that show Generation Y is not like your generation

For some insights on where young adults stand, The Globe and Mail's personal finance columnist Rob Carrick collaborated with polling firm Abacus Data and yconic, which provides youth market research and operates StudentAwards.com. The result was a poll in which 1,538 people aged 15 to 33 were asked earlier this year about their hopes, plans and current financial reality.

Rob chose some of the charts that surprised and sometimes worried him the most about Generation Y's finances and outlook on life.

Browse the results and read Rob's thoughts on the findings below each chart.

Full results can be obtained through yconic's website (signup required): Gen Y financials findings, Gen Y state of mind findings.

Rob Carrick will answer Gen Y personal finance questions on Twitter on Wednesday (hashtag: #genYmoney).

Ages 25-29: Have you started a full-time job in your field?

Yikes, close to 75 per cent of 25 to 29 year olds have not yet started their careers. 

Ages 25-33: Are you currently saving for a home?

Save, Gen Y, save. Baby boomers need you to buy their homes.

Ages 25-33: Are your parents helping you with a downpayment?

One-quarter of 30 to 33 year olds are looking for downpayment help. Nope, no affordability problems in our housing market.

Ages 15-33: Will you have a better or worse life than your parents?

Most Gen Yers are cool with their prospects. Cancel the revolution.

Ages 25-29 and 30-33: Are you saving for retirement?

House or retirement saving – choose one.

Gen Y: How many think you'll never be able to retire?

Freedom 110, anyone? Gen Y, ask your parents about that one.

Report an error
Due to technical reasons, we have temporarily removed commenting from our articles. We hope to have this fixed soon. Thank you for your patience. If you are looking to give feedback on our new site, please send it along to feedback@globeandmail.com. If you want to write a letter to the editor, please forward to letters@globeandmail.com.

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff.

We aim to create a safe and valuable space for discussion and debate. That means:

  • Treat others as you wish to be treated
  • Criticize ideas, not people
  • Stay on topic
  • Avoid the use of toxic and offensive language
  • Flag bad behaviour

Comments that violate our community guidelines will be removed.

Read our community guidelines here

Discussion loading ...

Latest Videos