Quote:
Originally Posted by blankall
The older generation is also eroding Democratic structures. Specifically, social mobility. There strangle hold they have to on real estate and capital right now is unprecedented.
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And the inter-generational transfer of wealth through inheritance is also unprecedented. Most Canadians today get into the housing market with significant help from their parents. The Boomers are expected to inherit $750 billion in Canada, and they're expected to pass on a much larger inheritance to their Millennial children in turn.
Canada is becoming like Asian countries, where multi-generational families act as a single economic unit.