Parents paying for your groceries? Totally normal | About That

Translation - Canada will have a heck of a retirement crisis 20 years from now.

We don't want any handouts from parents. Gatekeepers and the system are keeping young poor.

The home ownership dream for many is already crushed.

We're the first generation worse off than our parents. Well done politicians!

Thank you CBC, I am feeling better now knowing its not just me, its the whole country that has no perspective of future.

If it's so normal for young adults to need support into their 30s, then shouldn't governments have foreseen this and not allowed foster agencies to dump foster kids at 18?

Living at home with your parents, really puts a crimp in your love life.

I’ve been on my own since I was 19/20 and I’m 38 now, I have never struggled so much in my life like I have in the last 2 years, it’s unreal.

Watch our population see severe decline, all while immigration increases within the next 10 years. I presume most of these 25-34 year olds have no children and based this small data set, this will not be happening if you live at home, at least not willingly. This is an issue thats not spoken enough - long term, the Canadian identity may be lost.

with the rising cost of living, it's no surprise young adults are seeking support from their parents

Just because it is a norm in other cultures, doesn't mean we should resign ourselves to this. If people want to do this, great - but it should be an option, not a requirement.

the opposite--young people in their 20s who are supporting their parents--are never talked about. i am 27 but moved back in with my mom at the start of the pandemic. her already precarious financial situation was worsened significantly by covid and have been helping her a lot financially for the past few years, to the point where it doesn't make sense for me to move out on my own bc i can't afford to help her and live somewhere else. when people hear i live at home they always assume i must save so much money and not pay for anything and it's annoying

I only found out in my 30s that I was the only one in my circle of friends that didn't have any financial support from my family. Everyone else gets money from their parents' monthly, as well as help for things like down payments. It is what it is.

Every aspect of Canadians lives got worse in the last 8 years...

I'm 39. In the past 10 years, the people I know who bought a house (ages 25-38) ALL had parental assistance. One friend was gifted $40,000 from her dad. Another friend moved back home rent free to save a down payment, another friend still lives with her parents at 34 and bought a house that she rents out and makes income from. Another friend inherited her parents house after her mom died. I haven't seen a single millennial purchase a home, pay for college and be living on their own despite making above $80,000 a year. Rent and student loans and 2006-2008 cost of living debt kept me from saving and now rent eats up almost all my savings. I'm considering van living while making $82,000/year so I can save some money.

So, from personal experience, if you can cook and bake, you can buy significantly cheaper groceries.

5:48 "our landlord increased our rent by $7,000 per month" = $9,500 total. INSANE

I’m curious about the “roles” everyone plays in these homes where “kids live at home into their 20’s and 30’s”. I definitely feel for the upcoming generation with the cost:income ratios. I’m in favour of parents taking 30% of kids income for rent, and having them pay for food, gas, etc but also pitching in equally for cleaning, cooking, house maintenance etc. We are enjoying this with our sons: I only cook and do dishes twice a week, they help with our ridiculous mortgage payment, and at the end of all this know how to manage their money, how to manage a household, and do laundry properly. Wins on all sides. 👍 Super interesting video. Thank you!!

I own a home for the past 20 years. If I would rent today, could not afford it. I don't understand how the youth will be able to rent an appartment or buy a house!

The highschools need to step up with providing financial literacy and budgeting skills to teenagers before they enter the working world. Parents providing financial handouts to and supporting adult children develops into an unhealthy dependency. As time goes on and the situation becomes more established, it can lead to senior financial abuse, which currently is the #1 form of abuse of the elderly. Children appreciate much more what they earn and acquire by their own hands. Saving and planning is good for them. Instant gratification is not doing them any favors.