this post was submitted on 23 Jul 2023
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A new economic report from TD says Canada is falling behind the standard-of-living curve compared to its peers.

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[–] FireRetardant@lemmy.world 2 points 1 year ago (1 children)

But I'm sure its young people fault they can't save money, afford rent/mortgage and move out of their parents house. If things don't turn around soon I think a lot of young people will end up leaving this country in search of a life that isn't just scraping by.

[–] cyberpunk007@lemmy.world 1 points 1 year ago (1 children)

Id be curious to know where it's better. I feel like this trend is bad in other countries, though maybe not quite Canada level yet.

[–] FireRetardant@lemmy.world 1 points 1 year ago

Some other countries have cities with denser design and good urban planing and transit so even comparable rents and food prices can compete as car ownership isn't essential. The US has places far behind us in housing prices and tech sectors often pay higher salaries than in Canada.