Parents paying for your groceries? Totally normal | About That
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- Опубликовано: 26 фев 2024
- A survey from the Pew Research Center suggests 44 per cent of adults aged 18-34 in the U.S. received financial help from their parents in the past year, including for basic expenses like groceries. Andrew Chang explains that while financial independence, even for those in their 30s, may feel out of reach, this isn't the first time young people have leaned harder on their families.
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We don't want any handouts from parents. Gatekeepers and the system are keeping young poor.
Back in my day we had unemployment insurance for young people that were 'between jobs', and we had welfare for young single moms. We didn't have people living in tent cities in our major cities. Once upon a time we actually cared about each other's other welfare. Now we kick homeless people out of their tents in the middle of winter in Edmonton when it's -50.
The home ownership dream for many is already crushed.
They have to figure out another way. My 26 year old grandson, his wife and two children are currently in negotiation for a house. They got turned down by the seller a few weeks ago. This week the seller called and asked if they are still interested. The deal hinges on repairs that need made. My grandson is a barber and his wife stays home. How are they doing this? At the start of lockdowns they moved in with my daughter. Why? He splits salon space with my daughter. It was the best way they could all pay their bills including that salon rent. My husband and I loaned the money to reopen and meet health requirements. That has been paid back.
While that was going on, his older brother and his daughter moved in with me, my husband and disabled son. Since then he got off unemployment by calling his employer daily begging to work even though his unemployment was more than his pay. He has now gone from labor to running multiple projects for another company that heard about him. He is now making over 100K and companies keep coming to him. He has a high school diploma and these job usually require and engineering degree.
My husband and I are on a fixed income retired. Prior to leaving work to care for my disabled son I refinance my house for a low mortgage payment. My first house in the 80s carried a 15% mortgage. Both my husband and I came from poor families and spent decades figuring it out in what ever economic situation we were in. This generation can too. Life is not easy.
If it's so normal for young adults to need support into their 30s, then shouldn't governments have foreseen this and not allowed foster agencies to dump foster kids at 18?
The foster parents can still continue to let them live in their house and support them if they choose to?
Blame yourself for voting for Trudeau. Not the foster parents. If they are over 18 and still living there then they should be paying their own cost of living still even though it’s cheaper.
@@stelity I think that's the issue. People normally have the choice to support or not support their adult kids.
@@martymcfly1776 Once they're 18, they're an adult and they're able to take out loans to go to college or be employed. Yes, NYC is expensive. They still have the option to move to a place that is more affordable. It may be living with a lot of roommates or it might not be in NYC. Also, as mentioned earlier, if they get along with their foster parents, the foster parents may choose to have the foster kid/adult to continue to live with them. I don't think there's a lot of people who will want to support a "foster adult." As an adult, they have access to many government benefits such as SNAP, section 8, etc.
@@stelity I think they still have the choice, but they no longer get the funding from the government.
We're the first generation worse off than our parents. Well done politicians!
Not so... Look at all the divorce now, people couldn't before, as much, my parents did and we all got financially whacked but landed ok now, phew, people marry more now for love like you're supposed to!
Boomers love it.
@@rickyayy Oh yeah! Many parents especially, being nothing more than sanctimonious losers who had it all the easy way, love shoving their nonsensical righteousness down their kids' throat when such kids are 'failing in life'.
@@joseenoel8093 I think you missed what they were saying. Financially, we're in a much weaker position than the previous generations. Inflation is worse. The amount of money needed to own a home is now far above the average income. It was never in reach for most millennials since that shift happened when most of us were early teens. College is now more than twice as expensive. We hear stories about how our grandparents made it all on their own with one income, worked their way through college with one job and deserved all the tax breaks they got and the lower interest rates on their homes and higher interest rates on their savings. Now, you would have to work a full time job, plus a part time job to work your way through college WHILE going to classes full time, not counting any other expenses like supplies or gas money. So...yay, we can divorce each other...and probably move back in with our parents cause we can't survive on one income. Lord help us if we decided to have children.
Transfer guilt & responsibility to anyone else in order to take the focus off your own inability to succeed. Lol
Translation - Canada will have a heck of a retirement crisis 20 years from now.
This is yet another reason to claim you will fully fund old folks retirement via the government then do a 180 and be like oops, I meant to fully privatize retirement. Only give money from the government to the disabled to live on. If you're totally able bodied and can work more than 30 hours a week, then work. Go in on a mansion and have a roommate per bedroom.
Same in Europe.. That is why it gets so easy for China to take over and become the world leader.. Our western dominance and wealth will dry out all by itself..
Just because it is a norm in other cultures, doesn't mean we should resign ourselves to this. If people want to do this, great - but it should be an option, not a requirement.
Blame the economy
Most Asian families stay together till their child marries. It's normal and will be the new norm here too.
welcome to southern europe and eastern europe 🤣we been doing it for decades
@@weird-guy but now eastern Europe is NOT doing that, cause they have good economy.
@@rickyayy We are not in Asia
Thank you CBC, I am feeling better now knowing its not just me, its the whole country that has no perspective of future.
you shouldn't be relying on CBC to tell you how to live. And it's not the whole country, 5% at best, so yeah, get your sh*t together.
Now CBC, dont get all thin skinned, accept the debate, people will disagree, that is democracy, deal with it. This country is being driven into economic ruin and poverty by our housing crisis. Burying our heads in the sands is not going to fix anything.
Everyone from seniors, to middle class, to your children will suffer if this continues. You need to allow free and open debate in the comments sections, so people can start getting involved in the building solutions and participating in our democracy to solve this problem and make a more livable Canada. It wont be easy, people will disagree, but it will certainly be better than people being driven to despair and onto the streets in silence.
It will be better than couples never being able to have a future their parents hoped for them. It will be better than rents and mortgages consuming half or more of income forcing many people to reduce their necessary daily meals, which is poverty in my opinion. Just my opinion.
It's a profitable business. Look how much on Wall Street has invested into it. It's even part of our gdp.
Who's Canada's second largest farmland owners lol. Paid by the taxpayers outch.
@@abcdedfg8340 exactly! You’re absolutely right! Like this is just not okay.
Either that or they’re just lazy people. Some people are just lazy and they don’t want to you know be responsible for paying their own bills and owning their own house because they don’t want to have that responsibility to clean it
Canada desperately needs a mean-reversion in cost of living. That's going to literally mean a doubling of wages or a 50% collapse in the cost of living/housing though.
I want both.
instead you will get DOUBLE the immigration!
neither is likely to happen anytime soon as the more you raise wages the more the cost of living increases. and the more stuff costs. if you think anything is going to come down in price your wrong because all the people setting the prices want to make more money
@@rickystarduster The likelihood or lack thereof is only a matter of opinion.
regarding all your points:
- Wage increases don't necessarily translate directly to cost inflation, the two things are related but to which degree fluctuates a lot.
- Sellers refusing to sell keeping prices elevated isn't how economics ultimately works. Prices are set at the margins and people that have to sell, will sell, and price discovery will happen regardless.
the only way the 2nd thing happens is if the economy tanks similar like the mortgage crisis in the us loooool. with the snails pace at which housing is being built, they're being trickled into the market which won't do anything to lower prices at all. AND ALSO if you have walked along toronto you can see some of the rentals being built advertise "luxury" loooool.
I only found out in my 30s that I was the only one in my circle of friends that didn't have any financial support from my family. Everyone else gets money from their parents' monthly, as well as help for things like down payments. It is what it is.
Then theres some of us in our 20s helping our parents out, and other people we know.
@@CommoditySCMajority seem to need the help from parents, be thankful you are lucky enough to be in that position.
@@CommoditySC That's really commendable; I see that a lot in other cultures. I'd like to make enough to give back to my family too. It's a wonderful thing to do.
@@abcdedfg8340 Lol lucky. I've been anything but. Do what others wont, live like others can't. Go read for 10-12 hours a day, 5 days a week for 5 years. The other two, have a construction business to support yourself. Spend nothing on leisure while you do this. This will only be step one of doing what others wont. Try this then come talk to me about luck.
@@AndyRiot Born and raised Canadian
I’ve been on my own since I was 19/20 and I’m 38 now, I have never struggled so much in my life like I have in the last 2 years, it’s unreal.
Feel you. I got divorced recently, and even the one bedroom studio apartments are 1200$, (no utilities, but they have a business room you can rest out once a month with no fee...yay.) Big companies bought up a lot of real estate and are now using it to beggar us. Take home pay around here is only around 1800 ...how are we supposed to live?
One bedroom studio apts for 1200? What city are you from? In Hamilton you can't rent a studio for under 1600-1800.@@Firsona
@@darrinheaton2614 Please also look at the rest of my comment about average take home pay here. The cost of living is lower, but wages are lower.
It's self-mastery that separates the external power seekers from the internal power seekers. Those are the two types of powers - the former representing the sub-natural, natural and supernatural world and the latter representing the sub-pragmatic, pragmatic and super-pragmatic world. I don't see how anyone who starts to lever the super-pragmatic power for their own benefit can struggle. In other words, you had better learn this stuff or join a network of people who have at least this much figured out, or else you're always going to struggle, fighting the forces who think they have super-natural powers even though they don't. There are tons of people who I would consider priceless, why would I want to put a price on their heads or labour? Labour comes from culture, not from capital, that's one of the things you find out from the super-pragmatists.
Really? The last few years have been great. Got a house before I turned 30, and each month I put away 2-3k in savings. Brand new cars. Life is good.
I'm 39. In the past 10 years, the people I know who bought a house (ages 25-38) ALL had parental assistance. One friend was gifted $40,000 from her dad. Another friend moved back home rent free to save a down payment, another friend still lives with her parents at 34 and bought a house that she rents out and makes income from. Another friend inherited her parents house after her mom died. I haven't seen a single millennial purchase a home, pay for college and be living on their own despite making above $80,000 a year. Rent and student loans and 2006-2008 cost of living debt kept me from saving and now rent eats up almost all my savings. I'm considering van living while making $82,000/year so I can save some money.
Is 82k considered good income or low to middle class?
@@rickyayy Middle class maybe 15 years ago.
Nothing new in my country some parents (40+) only have houses because parents gave them land, got financial help or the other solution was migration to better paying eu countries this for poor and lmiddle class people
I moved out when I turned 18. Didn't receive a single dime from my parents. I rented rooms in peoples houses for many years. First room I ever rented was so small that the wardrobe was in the hallway because all you could fit in the room was a single bed. I changed jobs often, slowly gained experience and higher paying jobs. I saved, I invested, I did some side hustles, and 20 years later I was a millionaire. Like you, most of my friends received help from parents. Some still do. I have an older cousin who's father in law casually just paid off his home, and he spoke about it like it was normal. They have no idea what its like to wonder where your next meal will come from. Van living is tough, especially in winter, but it all depends how baldy you want to get ahead. The worst part of it though? Nobody is impressed when you do it on your own.
@@rickyayy 80k 10 years ago was upper middle class, now it's lower class. Like 100k you were rich and now if you make 100k after taxes it's 60k and after rent you have 35k after car and insurance 20k now add grocery + elec + water + phone + interet bill you got maybe 6-8k and im being generous.. Now you have savings, vacation + clothes + pharma. You save maybe 5k a year. Needing to buy a 500k small house it will take decades.
with the rising cost of living, it's no surprise young adults are seeking support from their parents
I bet such arrangements drive down wages too, because you have people who are willing to work for spending money rather than bills.
@@ThePeterDislikeShowI would guess that the tax cuts for the rich by reagan starting in the 1980s and the stagnation of middle class wages for decades until now has more to do with it. But you may want to read on that yourself.
But it is wrong that the parents are supporting their young adult family members.. It is the reason why it is getting worse and worse !
Watch our population see severe decline, all while immigration increases within the next 10 years. I presume most of these 25-34 year olds have no children and based this small data set, this will not be happening if you live at home, at least not willingly. This is an issue thats not spoken enough - long term, the Canadian identity may be lost.
Every aspect of Canadians lives got worse in the last 8 years...
wait till pp get in he wants to privatize healthcare old age will be 67 cut programs
@@momtur4875 we need to cut programs and privatize more, as this government is incompetent with money, and all governments pay too much for the same products private companies get.
Much longer.
@nik and we all know private healthcare is a bastion of affordability. Just don't look at our neighbours to the south 🤡
It was the pandemic.
5:48 "our landlord increased our rent by $7,000 per month" = $9,500 total. INSANE
I wanna know what they're renting in the first place to cost that much!
At the place I’m at now, if you go month to month after your lease is up, it goes to over $6,000 to rent a place per month. So I wouldn’t doubt it, honestly, nothing surprises me anymore.
Canada is so screwed; millions of young Canadians are going to run out of Canada to America just so that they can afford to buy a house of their own, something that is just not possible in Canada anymore.
Go look at house prices in the US.
They have doubled in 10 years.
Lol.
You will be just as homeless there too. And you will also need to buy your family health insurance, it averages about $20k+ /year for a family of 4 with full coverage.
US people can't afford homes, either. We have a very low housing supply.
America isn't much better.
Try Ecuador, it seems like an good place according to an American youtuber couple who fled there due to America's rising cost of living.
The US has a massive housing crisis AND an illegal migration crisis. Coming here is no better. Canada is just farther along the same road we're on. Why come here and live through the replay?
I own a home for the past 20 years. If I would rent today, could not afford it. I don't understand how the youth will be able to rent an appartment or buy a house!
I’m curious about the “roles” everyone plays in these homes where “kids live at home into their 20’s and 30’s”. I definitely feel for the upcoming generation with the cost:income ratios. I’m in favour of parents taking 30% of kids income for rent, and having them pay for food, gas, etc but also pitching in equally for cleaning, cooking, house maintenance etc. We are enjoying this with our sons: I only cook and do dishes twice a week, they help with our ridiculous mortgage payment, and at the end of all this know how to manage their money, how to manage a household, and do laundry properly. Wins on all sides. 👍 Super interesting video. Thank you!!
As someone who was at home until 30, I didn't pay any bills apart from anything I did myself, but I did cook a lot, mostly because I consider myself the better cook.
My son is 30 yo. We share all the expenses. We live a simple life to make life easier to both of us.
As someone who still lives at home at almost 31, my two siblings, too, also adults, I pay $500 for rent, $45 for phone bill, $66 for the year for Netflix/Nintendo (we all share it), and any groceries that are only mine, etc. My siblings pay the same (sis only pays $200/mo 'cause she works for the military and is basically never home). Parents don't let us pay for anything else, though we do offer (and SOMETIMES, they let us, lol)! It can work!
My current dilemma: Stay in Canada and have no access to healthcare and retire poor vs move to America make triple my salary while working in healthcare. I love Canada (born and raised) but staying here feels like financial suicide.
I understand your sentiment, many of my friends have recently left Canada due to lower wages, lack of job opportunities and the high cost of living
I just turned 31 and I make 158k base + STI/LTIs and while I make enough to have all my essential needs met, I can't justify many luxuries in life or feel like I can buy a forever home. If I were to move to the Texas, I'd be making at least 30% more with lower COL and lower barriers to a dream home...
If it weren't for family proximity and my partner not wanting to live in the US, I would have long left this barren country.
Yep exactly. I am considering moving to the US now too. I feel like its a really dumb decision to stay in Canada anymore. I am over it.
I'm curious how you believe you "have no access to health care" in Canada? Also, you do realize this is happening all over the world right? Cost of living has increased everywhere, salaries aren't what they were 20 years ago, housing costs up. It's not just Canada, try watching news from other countries.
@@sunflash101 Then move there. Don't let the door hit you on the way out.
I think parents and adult kids will have to count each other to make it through this economic crisis.
I am really extended adolescence since I live at home with my parents at age 40 going on 41!
So, from personal experience, if you can cook and bake, you can buy significantly cheaper groceries.
I have nieces and nephews that I regularly drop off care/food packages to and some grocery cards. But i drop off food packages to them 😢
That is so sweet of you! They are lucky to have someone like you in their life! ❤
People use to live in three generational homes. Wasn't that long ago!
correct the fukin 30s wasnt that long ago....
They did it for love and tradition, not because of employed poverty.
We can call it the modern day Co-op. Or the modern day Commune done family style. Pooling resources in order to get ahead. This may need to be the new normal. Either that or move to Europe or the U.S. ya’ll cause Canada is determined to make the Middle Class poor. And politicians want to turn their lazy blind eyes instead of stop this “raping” of the economy by the Housing Market and Landlords. We will be looking at a Depression sooner than we think.
We should go back to that. Its healthy to have your family around to help you.
@@FitChickGlows Not sure I'd look to the us. The rent on a studio apartment here was 1200$ when I was looking a few months ago, (That doesn't include utilities.) Average monthly income for my state is around 1800$.
In my younger years, I always lived with the fear that I'd be seen as a loser for living with my parents past the age of 20. Despite that fear, I made the decision (thankfully) to stay at home while going to University. Only after finishing my last course, did I decide to move out at 27. For the first 3 months, I stayed with my Aunt, then moved on towards a place with roommates that I could share living costs with.
Then the pandemic happened. I had a decent job as a Lifeguard supervisor, only to get phased out by the fact that no one was allowed to go to a pool for long periods of time. If it weren't for the COVID financial stimulus, I would've been forced to move back home.
Still living with roommates, as trying to live on my own won't be feasible for the foreseeable future. I might even have to move back in with my mom just to keep myself from going homeless if the global economy doesn't improve. Ironically, my initial fear was blown out of the water by several world-changing events. Living with your parents is not only seen as normal now, but in a growing number of cases, crucial to survival.
You were wise. My kids , 24 and 29 lived at home until last year, I loved it. We have a good relationship with them. They didn't pay us, they saved their money. They moved out, one of them bought a small house with her friend and the other one is living with a friend.
I feel fortunate to have wonderfull caring children.
system and social contract are utterly broken, hard work no longer pays off
I’m 52 and my Mom gave 40$ for gas to get to work .
I feel like i failed in this life .
This world we live in is weird/crazy/all wrong - not your fault! Please trust me.
You did.
@@LucasOliveira-fl7tt It is 100% his fault.
@@bobgreenwald1338 No, he's not lol. Successful people don't need $40 to get to work LMAO.
You did not fail. I’m sure you are already doing things for your mother that don’t require money to help her in return. You are blessed to have each other. Here in the United States and in most other countries prices on everything have sky rocketed. This is a financially difficult time.
Andrew is the only CBC personality I can tolerate
I find that he tries way too hard to appear hip and cool. It's embarrassing.
That's not good. They deserve to start a life as a legal adult. People used to be able to marry, own their own homes by age 20. These governments have no excuses! As a Canadian: I won't ever except what the CBC, "Trudeau funded news channel" expects us tax payers to accept!
It never hurts to struggle a tad, this generation does have a sense of entitlement for sure, they had it all then oops life's not so easy anymore, nope 🙅🏻, they'd of not been surprised had they tuned in a little more, it's everyone's job to be up to speed, some people are more priviledged but they rarely make for better persons! 😊
Always appreciate your intelligent perspective!
32 years old, 6 years married and still living with my parents. We wouldn’t be able to survive without their direct help.
Both of you can work 2 full time jobs
Millions of people are doing that
Instead of using other people’s money to take care of you
@@MusicLover-ui9sm we both have been doing full time jobs for very many years now since before getting married, supposedly decent pay too. But still not enough in today’s economy.
@@MusicLover-ui9smgo away
And the house price is going up in high speed.
We need some kind of price controls. It is not about children remaining adolescent indefinitely, but not being able to get into financially stability because of the length of education and difficult getting good jobs with good incomes that many in that bracket just don't get to at that age given the economy! ! Add to that life circumstances like accidents and illness and the ridiculous greed out there as well as expectations, then it is no doubt that most of those at lower incomes are never able to meet the expectations . You need a different set of criteria for your analysis !
Price controls? lol... you have no idea how the real world works. The root cause of all of this is feminism.
Yes, controls would be great; like no more pre-made coffee to purchase & more than 1 cup of coffee/day, (made at home or work), no more restaurants/takeaways/eating out, (everyone must cook for themselves), no more personal vehicles, (only public transit & bicycles), no more Amazon/online purchases, no more than 1 streaming service,/household, no more than one cell phone/family, (back to landlines), no more than 1 computer/laptop/family unit, (even if unit is divorced/separated), no more gel nails, caterpillar eyelashes/brows, highlights/lowlights, other salon/spa services, no more 5 bedroom/4 bath homes, (because people could share), etc. Yes, there is greed but it may not be where you think the greed is. What if you are the one that is greedy by insisting you need all these wasteful/useless things that don't give you a better life at all? What if the greed lies within?
I agree!@@AellaMaud
Yes. I think this is why we see so much theft in stores today. People are running on desperate times. Definitely time for price controls.
My kid got financial help from my husband and I but my husband and I also needed financial help from my parents too! 😂🇨🇦
What do you make of that? 😅
Love your segments. You really address lots of very important issues with great supporting facts. Thanks for that!
I just appreciate this very realistic video. To fight off financial problems, going minimalist helps tremendously! You just have to not follow social pressure with consumerism. Stop spending, live with less and this is permanent change your life and realize how much you can actually save. I understand groceries and rent is a need but this is priority and we do not need new shoes all the time, new iphone that just came out, new clothing every single season
In the reverse, parents also moved in with kids. Such a financial squeeze.
My son who is 30 now is really smart but has no common sense. Example when he turned 18 maybe 19 he was driving my old Ford Escape that was paid off, he was talking about moving out and I said you can move out or if you save 10k and show me I will give you the Ford Escape so you have a reliable vehicle to drive then move out. It took about 2 years but he did it and than 2-3 years later he was buying a house. Now the lack of common sense, he thought that he was saving that money to pay me for the Ford Escape! After I stopped laughing I said no I am giving you the car!
Awesome!
What people have to understand is this. You will be able to afford a home but it literally has to be in the country side of Canada. You live in any populated area. You're going to pay two to three times more than what it's worth. I found a house where I grew up on the east coast. It was literally only 73,000 and it's a good house. But the problem is you're 1 hour in each direction from any kind of town. And you were roughly two to two and a half hours from a hospital.
facts!!! the country is awesome and beautiful. the cities are awful. also… mexxxxicooo!
the opposite--young people in their 20s who are supporting their parents--are never talked about. i am 27 but moved back in with my mom at the start of the pandemic. her already precarious financial situation was worsened significantly by covid and have been helping her a lot financially for the past few years, to the point where it doesn't make sense for me to move out on my own bc i can't afford to help her and live somewhere else. when people hear i live at home they always assume i must save so much money and not pay for anything and it's annoying
CBC in 2027:
*_Living in your car and dying from a preventable disease? Totally normal_*
Right!
Really anjoy this series 🙏
Jealous of having parents to help... never had supportive parents since i was 11... been paying my own bills since my first part time... paid out my student loan in 2-3 yrs... got my own place at 30... lucky I'm able to manage my finances to survive now that I'm in my 30s... at least surviving for now...
Well, time to get active in your democracy. Use your voice, many others are suffering too.
I got the boot at 17, come from a military family where hard knocks.... Paid my student loan off in 9 yrs, now married and haven't worked in 28 yrs, no way my kids going to daycare now stand on theur own 2 feet pretty good, me too!
I'd live in my car before I'd ask my parents for money. Fortunately, I've made responsible choices in my life, and I won't need to. I'm reminded of the song: The babies on the bus go wah wah wah, wah wah wah.......
👍🏽
Those numbers are only the ones who admit they get help from family.
My kids had to move back in at 32 after rents went up in Calgary and they couldn't afford food.
Well, if your kids are in need do you really want to just sit there and say no?🤨
Really bad here in Canada. In America there are places to still buy reasonably priced homes, lots of fixer uppers. In Canada a great deal of the fixer uppers were grabbed up, redone and put back on the market for 4 to 5 times what they are worth. Slapping a coat of paint, installing cheap flooring and sometimes upgrading electrical does not equal a 200k increase in price!
We are somewhat spared from the economic dystopia that is widespread. .
I know it could be far worse. Navigating all the bureaucracy is draining. I get it
If an opportunity shows up, chase it. What else can you do
Give your head a shake, Canada is large vacant mass of real estate. Go north drill for natural gas and oil in Alberta, buy property and keep going. Lots of work
My neighbours kids, from Montreal, onto Maritimes (mom's from Hlx) back here is one, other moved to states but now in London, Ont. They should know how difficult things were in the past, my kids still here, I tell them if they move they'll trade one set of problems for another. Too much gun violence in the states, that and yummy junk food!
@oel8093 I apologize for putting "Far worse", (fixed it)I should not generalize to that degree as each person has their own situation. Its just rough and frustrating everywhere and I hope your neighbors kids find a good situation.
Life is survival. Do it any way you can. 😉
Off the back of your parents?
Self respect and self worth comes to mind.
Survival of the fittest, brings out the best in us and I'm sure helping out the kids helps them put up with us, I'm very grateful when we're able to help them!
@@joseenoel8093 like you never need a hand in life, you're so full of bs lol
@@brumbyfreedom329 ok tough guy lol
Engage in your democracy. Unless you want us all to fighting for smaller and smaller pile of scraps.
when living independent (finically) is hard if not, impossible (do have full job, etc.), in your 30s and have parent bragging on how good they have it in there 20s (independent, started a family, house, etc.) as an insult to their 20s, 30s year old child who is struggling in todays economy (and STILL need parent's finical help) as failures.
My brother and I live independently from our parents. And I even help them pay mortgage. It’s not that hard
@@joeisawesome540well good for you.
Life is sooo much different than it was 20-30yrs ago. Today, working 2 jobs is barely enough to just stay afloat. Getting into a house, u have to have a ton of money or very good credit. Companies try paying minimal wages and landlords are maximizing rents so they can live without working and feed their lifestyles. Back in the day, greed for money wasnt as crazy as it is today.
And people living beyond their means trying to live the lifestyle their wages cannot support.
@@shauncameron8390not necessarily
Quality content from CBC, im genuinely surprised!
Because everyone other than those super rich need help on money. Cutting $200 groceries bill a month means better cars or better house.
My sons are 31,21 and 19. All 3 are still home with me, its too hard. But my parents are dead so what do I do?
4:47 look closely at this chart. The post wwii boom is over. We are just reverting to the mean. This is actually normal. What we experienced in the last 70 years was the outlier.
Why is this ignored by the media?
I hear no mention of roommates. Before I was married I had one or sometimes two roommates. Young people are just getting started and don’t have high salaries. None of us could afford to live on our own,
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it’s not just about having roommates now it’s about how high the cost-of-living on everything is and how low wage is. back when you were young milk wasn’t five dollars for 4 L. Gas wasn’t over $1.50 a liter. The basics were way cheaper than they are today. I have friends that rent with roommates and have multiple full-time jobs and still have a difficult time.
@@Viewpoint11Im sorry to say this, but it sounds like our middle class is being reduced to virtual poverty. This is not acceptable, why is CBC blocking comments on housing related videos which is the driver of all these issues including increased crime, hunger, and homelessness? You and your friends need to get active, get involved in our democracy, many across the country are suffering in silence. Imagine how things could change if more people were actively engaged in our democracy whether through unions, or community groups, etc to protect their basic standard of living?
A room with roommates only a few years ago used to be $500-$600. Now a room with roommates can be over $1000 depending on what city you are in. This is happening when wages have remained the same.
Multigenerational homes are not unusual outside North America and even the norm in some countries. After high school I stayed at home with my parents. I worked part time and paid for my own college education. Graduated debt free and was able to save a down payment for my first home.
🍪
As someone with the lowest possible income out of anyone on $740 SSI, I would say it is better to starve then let your family resent you for borrowing money.
Boomers incoming with "this generation is weak" comments.
And “in my day I worked 3 full time jobs, and walked 8 miles up hill in the snow 7 days a week.” Get outta here with your nonsense. No ones wants to hear it. 😂
that is ridiculous? food is about $300/month. I could see college students, but everyone else should at least be paying all their own food, transportation, typical medical, phone, clothing.
Everyone else should be able to find a job that allows them to be independent - that is where the problem is. Minimum wage is not enough for today's high cost of living. It was much easier when I was young in the 70s.
@@path1598it used to be people would get roommates instead of demanding their own place, and would develop a career that they can support themself with before getting prego...and would be married when they had a kid.
Know what? As a stay at home mom my Qc pension is 100/month, I'm 63 so no CPP yet, but it gives me pleasure to help my adult children, when weren't kids who were helped by their parents not ahead? Happiness shared is happiness doubled!
I moved out at 20 (1975). Did never get any financial help as an adult. Didn't need that either as I always had a job and the rent was affordable within my salary (which was modest for my age). Adding to that I didn't need a car, bus and train was enough (money saved). This is in Sweden.
bro… 1975 tho. not the same today. I also moved out at 19 but what i did was move into a minivan, worked two jobs and stacked an emergency fund. Then i started a rly high paying manual job. With the strategy i was successful. I also traded going out drinking with starting side hussles that brought in 500-1000 a month. not much but it helped. but if youre not willing to be scared and take risks you wont make it🎉
Even today swedes move out early, if you were born in Portugal you would probably need financial aid living alone, a lot of people your age here only have houses because parents gave them land, old ´sheds´ or they migrated to france,germany,uk,luxembourg,switzerland ect
Wow! I just mean, unbelievable!
Where are the stats of grandchildren moving in with their grandparents, so they take care of each other in different ways....one has a roof that is paid for but needs help staying in their home, the other needs a roof and has the ability to manage a home.
I was vacationing with my mom, she bought me groceries, I was putting the money in her wallet, to reimburse her, she may have been thinking the opposite. I told her thank you and that I was reimbursing her. It worked out well! I think she was proud of me!
Nothing new! My brother got about $20,000 from my parents until he was 48yr and that stopped only because my mom died. After that my dad had dementia and he used my dad’s car full time with my dad’s estate paying for insurance, repairs/maintenance. Items left the estate and ended up in his home which he would deny. My parents paid for 1/2 his home. My sister and I lived independently and just shook our heads at his behavior. His son is the same way and it drives my brother nuts, but he doesn’t get where his son gets that behavior.
wow there is a comment section open!
I'm sure in the past there was a little too much free thinking going on.... I feel sorry for people needing to make an incredible salary (aka ripping the rest of us off) to feel happy!
The highschools need to step up with providing financial literacy and budgeting skills to teenagers before they enter the working world. Parents providing financial handouts to and supporting adult children develops into an unhealthy dependency. As time goes on and the situation becomes more established, it can lead to senior financial abuse, which currently is the #1 form of abuse of the elderly.
Children appreciate much more what they earn and acquire by their own hands. Saving and planning is good for them. Instant gratification is not doing them any favors.
"The highschools need to step up with providing financial literacy and budgeting skills to teenagers"
That isnt going to do anything. If your average teen isnt even paying attention to basic math, why are they going to all of a sudden become savvy on something that REQUIRES basic math?
Thanks Trudeau
40 years ago, the rule was that a family should expect to pay roughly three years of the bread-winner's salary for a house. So, if the breadwinner earns $100k/year, their family could expect to afford a $300k house. That has nearly doubled. The single largest asset for baby boomers is simply cost prohibitive for the majority of young adults today. It's too late the damage is already done and our government is too busy playing highschool to do anything about it anyway. It's concerning to think about how gen X and millennials will retire.
Excellent video!
We will always be there for our adult kids but sometimes it does not feel natural.
its your responsibility to be there for them FOREVER. You brought them in this world.
With the same job i bought a house in 2005. Today with the same job i cant buy the same house if i can i will be poorest
You think there aren’t parents out there saying “nope.. I did it on my own and therefore you do to” without realizing how many doors have shut for millennials and Gen z? My dad went to a city college.. for free! That’s right.. in the 1970s my dad was driving down a road anon the radio there was a commercial for free mechanic training for jet engines.. he listened and WENT ! Paid a $150 rent for an apartment and got a job for northwest airlines as a mechanic..he retired as a head mechanic for a delta hub and towards the end made $200k + a year.. fast forward to today.. you need to live by a school that offers the training and the cost is around $25,000 plus
@cbcnews serious question here. Why do you have the comments section open on "soft-ball" topics like this, but anything of more importance you turn the comments section off? I'm legitimately curious.
They are trolling you.
I mean, you answered your own question, really.. not saying I agree with their policy, but it's a government run news agency. How else would you expect them to behave?
@@coyoteblue4027 It's not a government run news agency.
they do not want anyone exposed to views they cannot control.
They only allow comments when they're doing honest reports. They turn them off when liberals hand them propaganda to read so nobody can call out the lies.
Great piece. I have my daughter and son in law with me. She totally understands the financial situation and the advantages of staying together.....him....not so much, but shared bills such as groceries and a family phone plan. It all works out.
If being told at 19, that they would buy me a bed if I promised not to come back, I had financial support.🙃
Once I was employed and pregnant, it was time for me to figure life out for myself and they were also ready for a new chapter.
suuuure you did lol
I didn't say I had it all figured out yet and I don't think anyone ever really does 😅 Life isn't always easy but tackling the challenges as they come can be hella rewarding. My current one is teaching myself how to replace glass filled window panes and hoping my 18 year old has enough sense to not drive my car into the ditch.
Cute parents
Meh, They always acted with the best intentions and we all knew it was time for me to live more independently, I just needed a little bit of a kick to seal the deal.
LOL single mother alert.
Grow up, kids. Buy your own food.
oh look you fixed it! No one had thought of that
Well here’s the answer folks! We should all be good now!
Ok Boomer, I'll remember that when you get in your retirement home
Since the food industry didn't suffer during covid why are they increasing food prices like crazy, what's the rationale here? Ever noticed same price but packets getting smaller and smaller. For example Joey's raisins at Walmart 500g for $3 now 300g for $3 that's a more than 40% price increase and the list goes on. On top of that they want you to work for them by using the self checkout. We should all boycott them because they are greedy.
Because their suppliers are increasing prices also. The supply chain was broken
Yes plz
It sounds like this survey is being interrupted... Subscriptions are on there who doesn't use their parents streaming aops? Cell phone bill? Many families have milti phome plans because they are cheaper than individual ones but its gotta be pretty common that the youjg adults send an etrans or do something. Dosnt aound like majority of the survey answers are specific to groceries
All the people bashing Canada in the comments need to look at the rest of the world. This is happening everywhere. Watch the news from USA, UK, Australia, China, you name it, things are more difficult than they have ever been everywhere.
Actually Canada is worse off in many ways. We pay a similar cost of living to many global cities, but the job market does not have the same caliber of jobs to support this cost of living. Canada does not have any world famous finance or tech industry as an example. So it is in fact much worse than many other countries. You can read on it. Apparently many immigrants who come here, even skilled ones feel scammed and trapped by the high living costs as well as the not so great jobs. Just my opinion.
Maybe because it’s not so easy to do anymore
I've been on my own since I was 20 now married for 15 years and three kids my father passed away and I haven't seen my mother in twelve years but I would never even think about asking them for financial help
Carbon tax increases in 1 month.
Thank God, we need those rebates, and now they're getting larger.
@thirstbuster78 the rebate is a drop in the bucket compared to the extra cost. Especially if you and/or your partner have a decent income.
Corporations seem to be doing great@@doitalldan5326
@@thirstbuster78Sure, you need your welfare paid by my taxes.
@@dembipor Usually the people that feel entitled to not pay taxes are always the people that don't budget or save. So why should you contribute less to society because of being an irresponsible adult?
My kids make more money than I do. It was my goal to make sure that they were educated so they could have a better life .
Even before the pandemic and recent world conflicts, starting paying rent+ uni expenses is just not possible without a loan. Every year you stay at your parents after highschool is 12 months of rent.
University is a scam meant to make women unhappy and poor.
Several people I know went to school to get a trade, then worked saving money or while going to University to get a degree in a field that had jobs. Many people could do this but choose not too.
Some young people are moving back with grandparents. Affordability is hitting everyone. I wish to become a prime minister so that I can travel and live for free.
Imagine those of us with no family 😒 seriously, as a millennial, my generation is a joke
That is disgusting!
crying is like drinking
ok in the short term. not for the long term. ok. you cried, you had a shot. not get out of the basement.
This topic is not just about economics.. i think it's mostly about culture, the west and the east..
The west tend to push independency of their children, it is as if the children are expected to be independent when they reach a certain age.. of course this will have the pro and cons of such decision..
While the East prefer other wise, Sure, They also want their children to be independent and successful but not at the cost of them moving out.. most parents on the east prefer if their children would stay even if they are married..
while i cannot say all are like that, but the majority we see.. the WEST have less family connection, when the children are sufficient.. they move out since they are expected to do that.. and when the parents are old, it is the children turn to send them away to a foster home.. and live their lives with other old people.. basically till they "pass"..
But try doing the same thing in the EAST, the moment children want to try to move out.. the parents will interrogate the heck out of that child, or try sending your old parents to a foster home in the east culture.. the moment you try, It's the same as signing that you cut ties with every family member of your father and mother.. and they know you as the "ungrateful child"..
I'm European, so a long ways away. I lived at home for quite a while, but was clearly informed that I shouldn't expect a dime in 'financial aid'.
Also, the whole boomerang thing? My parents always said very clearly 'out == out'. Maybe I could convince them to let me stay the night if I drank too much at a party or something, but other than that? Naah.
As for myself, I live in a 2 'bedroom' appartment with only a single room equipped with a bed. So I couldn't really have anybody stay over unless on the couch.
Ain't no way my generation (and single) can afford the living space my parents have. Even my parents' house is now worth many times more than what they once paid for it. Well over the rise of inflation.
I did land on my feet fairly well though. I never need to go asking my parents for money. Not that I'd even get any.
Things shifted drastically getting worse since around 8 years ago. I wonder what changed 8 years ago?…..
Justin Trudeau.
This is why my younger son doesn’t want to have a relationship as of this moment..
Kudos to him and I’m 40 and almost a middle aged man living at home with my 60 and 70 year old parents
men nowadays who are 25-30yrs old would rather drive a mustang or charger and live with their parents , instead of taking the bus and having their own apartment.
Truth is, is that families did this for years. We can see it especially now as the idea of a Middle Class disappears!
CBC could have started aggresively covering housing 7 years ago and are one of the biggest reasons we are here
Much longer than that. Vancouver home went up from 600k to 1.8million from 2005 to 2015
Spoilt brat kids that were given too much all their lives!
Wish the reporting spent more time on the closing statement, how financial support can work both ways. While parents may be providing financial support to children, they may also be receiving non-monetary help from the children which I haven't read any studies yet appraised at market value.