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...: CS11-626/2019-92E-PDF
"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.
Permanent link to this Catalogue record:
publications.gc.ca/pub?id=9.871817&sl=0
| Department/Agency | Statistics Canada, issuing body. |
|---|---|
| Title | 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. |
| Series title | Economic insights, 1927-503X ; no. 092 |
| Publication type | Series - View Master Record |
| Language | [English] |
| Other language editions | [French] |
| Format | Electronic |
| Electronic document | |
| Note(s) | 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? "Catalogue no. 11-626-X - 2019006 - No. 092." "Release date: April 18, 2019." Issued also in HTML format. Includes bibliographical references. |
| Publishing information | [Ottawa] : Statistics Canada = Statistique Canada, 2019. ©2019 |
| Author / Contributor | Heisz, Andrew, author. |
| Description | 1 online resource (6 pages) : colour illustrations. |
| Catalogue number |
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| Departmental catalogue number | 11-626-X |
| Subject terms | Generation Y -- Canada -- Economic conditions -- Statistics. Generation X -- Canada -- Economic conditions -- Statistics. Baby boom generation -- Canada -- Economic conditions -- Statistics. Income -- Canada -- Statistics. |
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