Economy and finance Feeling Better Off than Parents? | January

Feeling Better Off than Parents? | January

-

Almost half of Canadians think they are better off than their parents were at their current age. One in four (26%) think they are worse off than their parents. The survey was conducted by the Environics Institute for Survey Research in the fall of 2019.

Young Canadians are less likely (44% of those under 30 years) to say they are better off. The age effect is, however, modest. Anecdotally, it feels that younger generations are not reaching the same milestones in terms of financial success as their parents. Nevertheless, even among young Canadians there is a general belief that they are doing better.

In fact, it is notable that Canadians generally believe the next generation will be worse off. This is consistent with other polling on expectations about the future. This pessimism about the future but optimism about their own situation may reflect the tendency for people to not admit that they are personally struggling.

Environics Insiture survey question showing that 49% think they are better off than their parents were at their age

Source: Environics Institute for Survey Research (telephone survey) conducted between October 7 – 20, 2019 (n=2008). The Institute is not responsible for the analysis presented here.

Latest news

Life after Isolation: How the Pandemic Might Change Everything or Nothing about the Post-COVID-19 Workplace

Predicting the future is always a task for the brave or the foolish. When history offers clear...

Is Concern with COVID-19 Cratering or Just Levelling off in Canada?

We have reached a pivot point in the COVID-19 impact in Canada. While Canadians were slow to...

COVID-19 Polls: Public Opinion in the Time of Pandemic

2020 will be the year of COVID-19 polls. As the Coronavirus spread throughout Canada, polling companies expanded...

Coronavirus: The Stages of Public Concern [Updated April 20]

Fear is a powerful motivator. Maybe the most powerful. And, we have entered the closest thing to...

The Robots are Coming, the Robots are Coming

We are well down the path towards machine’s replacing human work. The robots are coming. In fact,...

Culture Change: Public Reactions to 20 Years of Change

A lot of culture change has occurred in the past 20 years. Last year, the Pew Research...

Must read

The Robots are Coming, the Robots are Coming

We are well down the path towards...

Culture Change: Public Reactions to 20 Years of Change

A lot of culture change has occurred...

You might also likeRELATED
Recommended to you