Canadian Pessimism Peaks: 70% Expect Lower Living Standards for Next Generation

A recent survey conducted by Nanos Research reveals a growing pessimism among Canadians regarding the future standard of living. 

The poll, which involved 1,043 participants across Canada, shows that 70% believe the next generation will experience a lower quality of life compared to the present. This marks the highest level of pessimism since the survey began tracking this sentiment.

Source: Nanos Research

Conducted between May 31st and June 2nd, 2024, the study highlights a generational divide in outlook. Younger Canadians, aged 18 to 34, are more pessimistic, with 74% expecting a lower standard of living for future generations. In contrast, 65% of those 55 and older share this view.

Despite the overall gloomy outlook, the survey indicates some positive trends. Confidence in meeting housing costs has improved, with 58% of Canadians expressing no worry about their next month’s housing payment. This represents the highest level of housing cost confidence since 2021.

Inflation concerns remain significant, though relatively stable compared to previous surveys. About 42% of respondents stated that inflation hasn’t been a major problem for them. However, more than half of the participants reported either canceling a major purchase or struggling to afford basic necessities due to rising costs.


Information for this story was found via Nanos Research, and the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Is Gold’s Bull Market About to Hit Junior Stocks? | Ken Armstrong – Westhaven Gold

Surge Battery Metals: The Nevada North Lithium PEA

Silver @ $36 & We’re Still 200M Oz Short | Paul Andre Huet – Americas Gold and Silver

Recommended

Goliath Resources Closes Out Funding Round With Total Gross Proceeds Of $27.1 Million

Silver47 Kickstarts 4,000 Metre Drill Campaign At Red Mountain Project

Related News

Canada Faces Challenges in EV Adoption, Survey Finds

As Canada anticipates the influx of electric vehicles (EVs), a recent Ipsos Canada survey commissioned...

Wednesday, October 18, 2023, 02:57:00 PM

MP Michael Chong Wants Feds to Explain ‘Divergence’ with UK Saying A Terrorist Attack Is ‘Very Likely’ in Canada

Michael Chong, a member of Canada’s main opposition Conservative party, is questioning the gap between...

Monday, November 6, 2023, 03:40:00 PM

Canadian Home Sales Set New Record With Increase of 45.6% in September

Canada’s housing market has thus far defied the coronavirus pandemic, and despite many analyst’s projections...

Thursday, October 15, 2020, 12:47:41 PM

Liberal Government Unveils Further Stimulus Spending as Canada’s 2020 Deficit Nears $400 Billion

Canada’s Liberal government, which is currently pushing the largest 2020 deficit spike compared to all...

Tuesday, December 1, 2020, 10:10:23 AM

Canada Sees GDP Fall 11.5% In Second Quarter

It’s been reported by Statistics Canada this morning that the second quarter saw real GDP...

Friday, August 28, 2020, 11:18:30 AM