I've been noticing this article shared on my Facebook feed and thought this would be an interesting source of discussion (although I worry that it will turn into a pissing match being various age groups). What are everyone's thoughts on this? Is today's late 20's / early 30's generation worse off financially?
I'm 28, and I consider myself lucky as I had my education paid for. As a result I saved for a condo and was able to put a 20% down payment down (with some help from my parents, who have since been paid back). However, the average house price is about 8 times my annual income. As a comparison, my father was able to support himself, my mother, and 3 kids on a single income 25 years ago.
http://www.theglobeandmail.com/globe...+Article+Links