RandAlThorCanada lost 84K jobs as unemployment rate rose to 6.7% in February: StatCan
The decline was led by youth aged 15 to 24 years old, with a drop of 47,000.
It’s like we’re dead set on radicalizing our youth. :(
It’s ok, Boomers still have all the money.
Gen X has all the money actually.
And they got way richer during COVID.
Gen X has all the money actually.
Do we? I hadn’t noticed.
And they got way richer during COVID.
Again, that’s not this gen-Xer’s experience. I (along with a lot of my co-workers) lost our jobs during and shortly after covid.
And ain’t nobody hiring “old people”, and especially not at anywhere near the income we were making before.
It’s not equally distributed for sure, what we see in the actual data is the avg Gen X household has had continuous economic growth. If you play with the data and break it out even further, the wealthiest Gen Xers are the ones who are mopping up all the growth.
Millenials and Boomers are relatively stagnant, but Boomers are retiring and drawing down on savings. They merge Millenials and Gen Z in this data, which I think is problematic, but whatever.
Add/Remove data - Distributions of household economic accounts, wealth, by characteristic, Canada, quarterly
Wealth and its subcomponent distributions, dollar values and dollar value per household, by household characteristics such as income quintile, age, housing tenure and composition, Canada, annual 2010 to 2019 and quarterly starting 2020.