Economic well-being across generations of young Canadians : are millennials better or worse off? / by Andrew Heisz and Elizabeth Richards, Income Statistics Division and Analytical Studies Branch, Statistics Canada
- Heisz, Andrew
- [Ottawa] : Statistics Canada = Statistique Canada, 2019.
- Copyright Date:
- Physical Description:
- 1 online resource (6 pages).
- Additional Creators:
- Statistics Canada
- Restrictions on Access:
- Unrestricted online access
- "This article in the Economic Insights series examines economic well-being of millennials by comparing their household balance sheets to those of previous generations of young Canadians. Measured at the same point in their life course, millennials were relatively better off than young Gen-Xers in terms of net worth, but also had higher debt levels. Higher values for principal residences and mortgage debt mainly explain these patterns. Financial outcomes varied considerably among millennial households. Home ownership, living in Toronto or Vancouver, and having a higher education were three factors associated with higher net worth"--Page 1.
- Report Numbers:
- Baby boom generation—Canada—Economic conditions—Statistics
- Generation X—Canada—Economic conditions—Statistics
- Generation Y—Canada—Economic conditions—Statistics
- Génération du baby-boom—Canada—Conditions économiques—Statistiques
- Génération X—Canada—Conditions économiques—Statistiques
- Génération Y—Canada—Conditions économiques—Statistiques
- Issued also in French under title: Bien-être économique des générations de jeunes Canadiens : les milléniaux sont-ils en meilleure ou en moins bonne situation que les autres?
Distributed by the Governmet of Canada Publishing and Depository Services Program (Weekly acquisitions list 2019-16).
"Release date: April 18, 2019."
- Bibliography Note:
- Includes bibliographical references.
- Type of File/Data:
- Electronic monograph in PDF format.
View MARC record | catkey: 29664722