Paul Kershaw, Vancouver Sun
Does Canada work for all generations?
No. Canada has become a far more difficult place to raise a family.
Did you know the Canadian economy doubled in size since the mid-1970s, even after controlling for inflation? On average, the economy now produces an extra $35,000 per household.
But despite this additional prosperity, the standard of living has declined for the generation raising young kids today. Consider three facts.
1. The average household income for young Canadian couples has flatlined since the mid-1970s, after adjusting for inflation.
2. Household incomes are stagnant even though far more young women earn employment income today.
3. All the while, average housing prices in Canada have skyrocketed by 76 per cent….