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Wed May 9, 2012, 02:45 AM

 

The next time the youth of America say they have it harder... they're right. [View all]

http://www.theglobeandmail.com/globe-investor/personal-finance/2012-vs-1984-young-adults-really-do-have-it-harder-today/article2425558/

PERSONAL FINANCE
2012 vs. 1984: Young adults really do have it harder today

All young adults who think they’re getting a raw deal in today’s economy, let me tell you about how it was back in my day.

In 1984, my final undergraduate year of university, tuition cost more or less $1,000. I earned that much in a summer without breaking a sweat.

When I went looking for a new car in 1986, the average cost was roughly half of what it is now. It was totally affordable.

The average price of a house in Toronto back in 1984 was just over $96,000. I wasn’t buying just then, but it’s worth noting that the average family after-tax income back then was close to $50,000. Buy a first home? Easy to imagine for new graduates of the day.

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Reply The next time the youth of America say they have it harder... they're right. [View all]
Zalatix May 2012 OP
eridani May 2012 #1
Zalatix May 2012 #2
geckosfeet May 2012 #3
NoPasaran May 2012 #4
HughBeaumont May 2012 #5
Zalatix May 2012 #6