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Are millenials worse off than their boomer parents? Survey says…

on March 12, 2014

Global News

Yes, according to many of their own parents.

A smoldering debate whether so-called millenials – those between 20 to 30 years old – face a lower quality of life than their boomer parents did has received some fresh input from the left-leaning Broadbent Institute.

The Ottawa-based think tank published a report Tuesday that shows a pointed sense of unease about the economic future faced by young Canadian workers among both age cohorts.

“What it shows is that young people and their parents think the economic prospects for the young are worse than they were for the previous generation,” Rick Smith, executive director, said in an interview.

“This is a new phenomenon: the notion that people now expect their children to do worse than they did.”

Virtually half (49 per cent) of boomers surveyed said they expect their kids to have a lower quality of life than they had, compared…

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