Young Canadians are losing $750 a month on average living in cities across the country, and to break even, they will have to give up on entertainment, transportation, and dining out, a public policy think tank says.
Youthful Cities looked at the affordability of 27 cities across Canada for youths aged 15 to 29. With 54 measures in its Real Affordability Index, the think tank said people in this age group are struggling to keep up with the rising costs of living in cities.
“As the group hardest hit by the pandemic and also the group most likely to work in the service industry, young people in Canada 15 to 29 years of age can no longer afford any of the cities they live in—big or small,” Youthful Cities said in a May 12 press release….