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

Silver’s Finally Breaking the System | Keith Neumeyer – First Majestic

The Best News for Gold Was the Drop! – Peter Grandich

McEwen Copper: The Los Azules Feasibility Study

Recommended

Silver47 Completes Property-Wide Geochemical, Rock Sampling Program At Adams Plateau, Identifies Numerous Targets

Altamira Gold Identifies Presence Of Second Mineralized Porphyry Body At Cajueiro

Related News

Provinces Reach Deal with Federal Government Over $19 Billion Safe Restart Agreement

Provincial and territorial governments have come a deal with the federal government, and as a...

Saturday, July 18, 2020, 03:55:00 PM

Poilievre Blasts Trump Tariffs, Announces Plan to Boost Canadian Investments

Conservative Leader Pierre Poilievre on Thursday called on US President Donald Trump to end his...

Friday, March 28, 2025, 11:40:00 AM

Canada Eyes Ban on Chinese, Russian Car Tech, Following US Lead

Canada is contemplating stringent measures against foreign technology in vehicles, following a similar decision by...

Wednesday, September 25, 2024, 07:10:00 AM

Carney Government Weighs Recalibrating Climate Targets

Prime Minister Mark Carney’s government is dodging questions about whether Canada can achieve its 2030...

Tuesday, September 9, 2025, 02:14:00 PM

Canada Posts Trade Deficit of $1.1 Billion Amid Higher Imports

Following what were two consecutive months of trade surpluses, Canada’s merchandise trade balance has reverted...

Tuesday, May 4, 2021, 03:40:00 PM