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Canadian_US_Millennials.pdf
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📊 Size: 291 KB
📄 Pages: 4 pages
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Summary

Canadian millennials are faring better economically than their American counterparts, with over 50% owning a home as of 2015, compared to 36% in the US. They have faced better job conditions, greater access to credit, and lower student debt loads. Labour market outcomes for Canadian millennials have been less impacted by the Great Recession, with an unemployment rate of 6.7% for those aged 25-34, compared to 8.6% in the US. Higher female labour force participation rates have contributed to the relative economic success of Canadian millennials, with women narrowing the male-female gap faster than any other cohort. Canadian millennials also have less student debt than their US counterparts, with an average student loan balance of C$16,000, compared to US$27,000 in the US.

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Canadian millennials are faring better economically than their American counterparts, with over 50% owning a home as of 2015, compared to 36% in the US.

Technical Information

  • File Format: PDF
  • File Size: 291 KB
  • Pages: 4
  • Language: EN
  • Total Downloads: 46
  • Last Updated: 2 months ago

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