Quote:
Originally Posted by you&me
I won't pretend to know how the stats for household income are calculated, but... Is it really likely that 27 yo living at home making $50k per year isn't contributing? Ewwww
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In some cultures there is no expectation for the kid to contribute financially (even if the kid is a single working professional in their late-20s) because there is a natural transition where the kid will take over the household and provide for their parents. That's common amongst Sikh families and it's not uncommon in most of Asia either. I also know of white people in Toronto (including a good friend of mine) that have a similar type of arrangement with their in-laws/parents.
To Cliff Fletcher's point, those types of situations would definitely skew household income for that household. Although Calgary's median household income and house prices are low enough that it doesn't appear to be common in Calgary yet