Go to the Globe and Mail homepage

Jump to main navigationJump to main content


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

Subscribers Only

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.

Report Typo/Error

Follow on Twitter: @ParkinsonGlobe

Next story




Most popular videos »

More from The Globe and Mail

Most popular