Methodology: For cities where average earners between the ages of 25 to 29 with university degrees and full-time jobs have $500 or more left at the end of the month after covering rent and living expenses, we used our estimate of median incomes. In the other cities, we calculated the minimum net income required to afford a one-bedroom as the take-home pay that would cover rent and essential living expenses while leaving tenants with $500 at the end of the month.
Still, not everyone can count on an early inheritance. Ms. Molek, the Toronto law student, said living at home isn’t an option for her, let alone drawing from the parental purse. “So that means these economic opportunities end up going to the people from wealthier backgrounds and not necessarily the most qualified people,” he said.
“Housing costs are a critical political issue for me. I want more to be done to make my community more affordable for my kids,” she said. “People have to understand that the affordability crisis means that the economy as a whole is operating on a subpar trajectory,” he said. Mr. Tal, though, sees an additional near-term obstacle to the now widely called-for building jack-up: Rising interest rates are pushing up construction financing costs. And that’s in addition to supply chain snarls, which have been driving up the cost of materials, and labour shortages, which have been putting upward pressure on wages.
Eat the boomers!
Not only did I live on my own but I had a car, rent and tuition.
The headline should read 'college just creates debtors'