this post was submitted on 07 Jul 2023
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What is cost of living like in Canada? (self.canadapolitics)
submitted 2 years ago by kiwiheretic to c/canadapolitics
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I guess it depends on province but I heard you have high inflation over there. How is it affecting the average person over there?

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[–] GrindingGears 3 points 2 years ago

The young kids struggling to get started was a problem well before COVID and the inflation. It's a problem that's fallout from the elimination of the middle class, and stagnant salary growth compared to an ever rising PPP index. Canada started protecting their (small, super concentrated) elite and the elite's related corporations, at the cost of the wellbeing of their citizens >1970s. We are seeing a well-established generational difference as a result, that's now been magnified by the Millenial/Gen Z groups, as they've also has to contend with the fallout from huge macroeconomic events like the Great Recession, COVID and post-Covid inflation. Not to mention having to contend with the formation and growth of one of the greatest asset bubbles in modern economic history.