WTF is "The Squeeze"???

A thread... Image
Younger generations (#millennials, #GenX, #GenZ πŸ‘‹) are working and studying harder, while being hit with higher costs, expenses and lower income than ever before.

This is a 360 degree squeeze!

Now the data can do the talking ImageImage
When adjusting for inflation, people in their 20s and 30s are making LESS πŸ“‰ today than people were in the 1970s.

😲🀯😲 Image
And their incomes are lower, despite the fact that more have post-secondary degrees today than in the 70s (which also translates into larger student debts). ImageImage
And then...

There's the massive increases in housing costs.

Just want y'all to remember that tweet above: Younger people have LESS income, and a substantially larger portion of that smaller income going to shelter. ImageImage
Then the big kicker...

Younger generations have inherited a future that is threatened by the very system and economy that supported past generations.

#ClimateChange looms above all our heads, and younger gens are now forced to clean up one hell of a mess! Image
The Squeeze is A LOT and sometimes we want to just ignore it because it's too stressful!

But it's more important than ever to recognize the problems we have so that we can actually fight for REAL solutions to create the future we want (and a better one than we've inherited). Image

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More from @GenSqueeze

12 Jun 19
We're calling on federal parties to include these recommendations in their election platforms ahead of this fall's vote. #cdnpoli
So the real point of reminding everyone that we still have a housing affordability problem for young (and other) people is ACTUALLY to point out that it's political will, not solutions, that are lacking.
Millennial voters are now the dominant voting block in Canada and affordability is a top concern. bit.ly/2QVNXSO
Read 4 tweets
12 Jun 19
It’s the headline that just won’t die: Young Canadians can’t afford to buy a home. #housing #affordability #millennials #basementlife
The news is a retell but @GenSqueeze crunched the numbers to show, again, the gap between what the average home costs in Canada and what a typical 25 to 34-year-old can afford is massive. bit.ly/2ZjOZwt
The national housing affordability gap is bleak.
Read 14 tweets

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