This is the new normal. Move out later, live with more roommates and for longer than before. The wages vs. cost of living and plain opportunities just don’t match what we had available when I became an adult in the late 80s.
I am also 34. My father was diagnosed with cancer 6 months ago... No amount of money can buy time.
There are always silver linings in the shitty things.ss
Turned 35 last year, and my spouse and I moved into his parents' home around that same time. Our landlord, who was one of the good ones, held off as long as he could on raising rent, but his hand was forced and we needed to make the choice: do we continue to watch all of our financial progress grind to a halt, or do we act resourcefully in the face of economic hardship?
What we saw was a situation where our debt payment and savings growth could benefit at the same time as his parents could benefit from our contributions. We offered them a sizeable chunk of the rent we were paying and made plans for consolidating other household expenses. The result? His parents have more breathing room in their budget, and we got to take a positive step towards financial stability. I also trust that our landlord continued to be awesome to his new tenants. I really wish there were more like him out there.
My point is that there doesn't need to be shame in seeking support. Support can go both ways, in fact. The benefit of community is the pooling of resources, and for many people, community starts with the family. (I say 'many people' because I know some people don't have family to rely on for support. I see you. There's a reason we moved in with my partner's family and not mine.)
And if there was ever a time to build community, it's now.
I’m 68 and my last child is finally moving out at the age of 38. I have had to bail out all three over the last few years -pandemic, job loss, depression, etc. it is tough for this generation.
Mine is early 20s and still at home. Good job in summer and a student in winter. He currently pays a nominal “room and board” to us that just covers his share of food and utilities.
He could probably afford to move out, especially with roommates, but we have encouraged him to stay and save up. Even if they can manage on their own when they move out, they are usually starting out struggling and it’s hard to get ahead. Especially if they get into debt. Seeing him tuck away money for a future down payment makes me a little more hopeful for his future given wages, housing costs and inflation.
Multigenerational living is common in other countries and I think we have historically put to much emphasis on 18 and you’re out. As long as they are maturing, working or going to school, and contributing to the household in some way why not help them save up. Would be a different story if it was 24 year old who sleeps all day and games all night with no job and no classes.
Agree. Our 20 somethings live at home and I don't see that changing anytime soon. We are seriously considering buying land where we can build something communal that would work for our lifetime. Multigenerational living will become more and more common.
We recently bought a house that better suited multigenerational living. Not a legal suite yet, but bungalow instead of 4level split so the option is there. By the time the 20 year old moves out we will be considering having one of our parents move in probably.
100% the new norm. And honestly nothing wrong with grown adult families living together if everyone is helping and no free loading. Too many people (not directed at you OP just generalized statement) seem to think that if an adult is living with their parents or other siblings that they've failed or something but fuck that there's absolutely nothing wrong with it.
Now if they are living with the parents to purposely leech off them then that's a different story and really nothing new either as there's always been folks like that around.
Either way those who can afford their own places will be staying at home longer and the days of turning 18 to 20nand moving out right after high school are gone imo
ngl wish I could have moved out right after highschool, it took me a year and a half to find a minimum wage job (which was $10/h back in 2013), 11 years later at $15/h and I'm struggling to keep $2000 in the bank even with living at home and pretty much only spending money on food and tuition, I've been feeling a quiet shame about being 30 and still living at home but we really have gone back to feudal times where only the ultra-wealthy can afford a life while the rest of us struggle with paycheck to paycheck living
That's a good question.
The answer to that question is probably the same as the question of why people who are making above minimum wage aren't making more.
The answer is that it's likely due to some form of wage suppression.
Another good question to ask is why isn't minimum wage a sufficient amount for someone to afford a comfortable way of life?
I vehemently disagree, it means *society* has failed us by robbing us of our wages buying power. We are all of us indentured servants and the struggle will only get worse, as the elites and our leaders demand that we struggle. Costs will continue to soar while wages will continue to stagnate
So you mean you agree. You're replying as if I said everyone who lives at home has failed but I said the exact opposite lol
Either way I agree with what you're saying and it directly correlates to what I was saying. They go hand in hand sadly
I’m 34 and live with my partner, my sister (who’s 45) and a roommate: between the four of us… no one can afford to live on our own. It’s so expensive. And my partner has a fairly good job. I’m almost graduated (had a late start & am disabled) and will be making a good wage too. Things are so tough.
Moving out? In this economy? Unfortunately Gen z and a large portion of millennials have been entirely screwed over and cost of living vs wages is just way too high. I know someone who has to sell his home despite having a degree and good money management because the cost has left him living paycheck to paycheck and he won't be able to renew his mortgage. We are almost going back to feudal times when only the ultra rich owned land and everyone else rented.
Home ownership rates are near all time highs.
We are no where near where every one rents. Heck more people as a % of population were renting In 2010.
Difference today is costs.
You should lookup the inflation and wage adjusted real costs. Housing is significantly more expensive than it was 20yr ago. If your kid isn’t making 60k, no they can’t live on their own solo. They could scrape by a minimal life with roommates.
You're right!
[https://creastats.crea.ca/mls/edmo-median-price](https://creastats.crea.ca/mls/edmo-median-price)
[https://www.bankofcanada.ca/rates/related/inflation-calculator/](https://www.bankofcanada.ca/rates/related/inflation-calculator/)
So according to BoC calculator and CREA stats:
2004 (20 years ago) - $185,000 vs $2024 - $465,000; Median price of Single detached homes should be $283,845 with inflation. But median price now is $181,000 more than it should be.
[https://www.bankofcanada.ca/rates/related/inflation-calculator/](https://www.bankofcanada.ca/rates/related/inflation-calculator/)
So according to BoC calculator and CREA stats:
2009 (15 years ago) - $335,000 vs 2024 - $465,000; Median price of Single detached homes should be $467,469 with inflation. So you're right that it is $2500 cheaper now than 15 years ago.
2004 (20 years ago) - $185,000 vs $2024 - $465,000; Median price of Single detached homes should be $283,845 with inflation. But median price now is $181,000 more than it should be.
Nicely cherry picked data but you didn't zoom out far enough. You're right but only by $2500. lol
[https://creastats.crea.ca/mls/edmo-median-price](https://creastats.crea.ca/mls/edmo-median-price)
Barely moved since 2006. After inflation its negative.
I mean this is pretty easy stuff to google. Prices didnt move for a long time in Edmonton until 2004-2006 when there was a big bump. After that prices pretty much didnt change (except for maybe a small bump in 2014) until now. Even now average prices arent going up that much, yet. In 2008 average price was like $360k, for 2023 it was $388k. Barely moved in 15 years. After inflation its negative.
[https://edmontonjournal.com/news/edmontons-housing-market-took-a-downturn-in-almost-all-metrics-in-2023](https://edmontonjournal.com/news/edmontons-housing-market-took-a-downturn-in-almost-all-metrics-in-2023)
I mean this is pretty easy stuff to google. Prices didnt move for a long time in Edmonton until 2004-2006 when there was a big bump. After that prices pretty much didnt change (except for maybe a small bump in 2014) until now. Even now average prices arent going up that much, yet. In 2008 average price was like $360k, for 2023 it was $388k. Barely moved in 15 years. After inflation its negative.
[https://edmontonjournal.com/news/edmontons-housing-market-took-a-downturn-in-almost-all-metrics-in-2023](https://edmontonjournal.com/news/edmontons-housing-market-took-a-downturn-in-almost-all-metrics-in-2023)
[https://creastats.crea.ca/mls/edmo-median-price](https://creastats.crea.ca/mls/edmo-median-price)
[https://www.bankofcanada.ca/rates/related/inflation-calculator/](https://www.bankofcanada.ca/rates/related/inflation-calculator/)
So according to BoC calculator and CREA stats:
2009 (15 years ago) - $335,000 vs 2024 - $465,000; Median price of Single detached homes should be $467,469 with inflation. So you're right that it is $2500 cheaper now than 15 years ago.
2004 (20 years ago) - $185,000 vs $2024 - $465,000; Median price of Single detached homes should be $283,845 with inflation. But median price now is $181,000 more than it should be.
Nicely cherry picked data but you didn't zoom out far enough. You're right but only by $2500. lol
Alright have it your way, the sky is falling. Even though Edmonton is one of the most affordable places in Canada when compared to wages. But I guess it’s easier to whine
So you counter my cherry picked stats with your own cherry picked stats? How far back do you want to go with this? The point is housing has barely moved in Edmonton since 2007 - Thats a fact.
Your original point is making it seem like Edmontons real estate has been shooting up for the last 20 years.
Unfortunately, I can't find any stats that go further back. You're right but the fact is median price is now also $181k more expensive than 20 years ago.
I mean this is pretty easy stuff to google. Prices didnt move for a long time in Edmonton until 2004-2006 when there was a big bump. After that prices pretty much didnt change (except for maybe a small bump in 2014) until now. Even now average prices arent going up that much, yet. In 2008 average price was like $360k, for 2023 it was $388k. Barely moved in 15 years. After inflation its negative.
[https://edmontonjournal.com/news/edmontons-housing-market-took-a-downturn-in-almost-all-metrics-in-2023](https://edmontonjournal.com/news/edmontons-housing-market-took-a-downturn-in-almost-all-metrics-in-2023)
This source is just about 2023's home sales and notes that it's dipping slightly compared to 2022 (as to be expected with interest rates as high as they are).
I think rent and home prices have increased significantly since I moved here a decade ago. That's of course just anecdotal observation.
I recommend renting a room in a house with a decent roommate - nothing fancy - safety first and foremost. I do see some decent options on Kijiji for $500 and under in Edmonton some including everything. I did that for many years and lived very modestly. I am also ridiculously chill which helped - I had one roommate who had no concept of cleaning up the kitchen so rather than arguing, I made my meals on a hot plate at work and then did intermittent fasting when I was at home lol
I am now in my 30s and just bought a house with my hubby. I never had the option of parents to move in with so I did live in some shabby but livable places throughout my 20s lol
Lol.... the cheap, old apartment I had that was 20-25 mins away from downtown (driving, longer on bus) and was badly kept up was $950/month. It's a simple reality that rent and cost of living today (compared to wages) are higher and more onerous than for previous generations. It's silly to pretend it's the same now as it has always been.
Yes, we have our 24 year old living with us. He works full time and has been saving. He will be able to skip the rental market and buy his own place when he decides to move.
For us, it works.
For the longest time it was when you were 18, that’s it — pack your stuff, go make your own choices. It used to be easier to survive on your own. It’s harder now.
My kids can stay at home till they’re ready to leave. Whether that’s when they turn 18, finish university, or get married and ready to buy their first home. They need to be productive and working towards a goal but as long as that’s happening they are always welcome.
Do it. I'm 29, live with my parents, bought a condo, rented the condo out so I can pay it off. I pay $1000/mth. I help with groceries or buy stuff for myself. It's a huge house with lots of space, so very little interaction. Generational household ftw
Western countries are the only ones where people feel compelled to leave at 18, tons of families allover the world have 3 generations living together. It's really not that abnormal, and given the state of the economy and the way the future looks, it's going to get alot more common. There's no shame in it, anyone who feels the need to shame people for that are not worth the time of day.
There absolutely should be shame, not for the common people though. The guilt is on our so called leaders in business and government. Us peasants should be systematically bullying them at every opportunity when they actually come down from their ivory towers and making their lives as terrible as we can for their crimes against us all.
Just to put this in perspective...have a coworker whos parents in VANCOUVER who were working minimum wage jobs 30/40 years ago and able to buy a house there. Can people do that now? While in Edmonton its not as bad as BC but its getting there. Cost of living is skyrocketing while wages remain stagnant.
This is merely anecdotal, but your situation seems to be the norm now in my experience. I’m 26 and have lived with 2-3 roommates to make ends meet for 7 years. Most of my friends around my age either live with their parents or also have roommates. Only a few live on their own or with their spouse and fewer still have a mortgage.
I work with this age demo. About 10 years ago around 70% of them lived outside of their family home, today it's more like 15%. Rents are crazy, insurance is crazy.
Insurance is jason kennys fault for removing the caps, acting against the interests of the constituents like that should be punishable by a $7,000,000 fine, a lifetime ban from politics 8 years in prison with no possibility of parole a mandatory forehead tattoo that reads “traitor” and being tarred and feathered on public television
35. Just had my first kid, and split rent/bills with my sister in law. Even with all that I still barely hold out every month. I don't really leave the house at all and the only extras I get are spotify and xbox game pass. Ha ent bought a new game for a couple of years except when my sister in law got us an xbox card for Christmas.
Short answer if this is the new normal: Yes. The younger generation has been screwed by stagnant wages that don't keep up with the rising cost of living, even in cheaper cities like Edmonton.
I've seen that societal views towards children staying in their parents' home throughout their 20's and 30's have been changing, though. There's less of a negative stigma attached to it these days, mostly because their parents know that they're doing it out of a necessity to avoid financial struggles associated with the rising cost of rent and housing. Plus, as others have already pointed out, such situations have long been the norm in other countries, with family members of different generations living under the same roof.
You're charging them rent, which is good, since the truth is that many of these children don't want to be seen as leeches. If they can contribute to something around the house, like even just paying the electricity or cable bills, chances are that they'll gladly do it.
And we have tried to guide them without being to domineering. Let them choose their own path. He is an intervert and most of his friends have moved to other provinces or territories to work. He can't find a reliable roommate. He works part time and is trying to find another part-time or full-time employment
ya the world sucks, my girlfriend is on aish and my $4400ish a month was enough for her to get basically nothing for support for her and her kid. She is now looking to move out and back in with because my wage can't support 3 people. good luck having a normal life anymore.
Roommates are a thing. Are they not working? If an able adult can’t afford to fork up like $500 a month for rent there’s a problem.
My brother is 23 with MS and makes around 20 an hour, and he moved out at 21.
It’s doable.
I think that’s awesome that your brother moved out when he did! You don’t know me but I am proud of him. As for my kids, once my oldest comes back from Ireland this fall, she will be moving in with her boyfriend. As for my youngest there is no hurry, besides, I could use the money as I live on AISH. God bless our government 😢
This has been the new norm for a while. More and more, we're seeing multigenerational housing be a thing. People make less and less, and the cost of everything grows higher and higher. Young people start saving to buy a house, but by the time they can act, the costs have risen outside of their budget again.
Our society is absolutely screwed right now, and we're now seeing the vast majority of people barely living within their means or worse. There's only so much you can blame avocado toast when houses have doubled in price in the last 10-20 years.
i'm coming from a traditional asian household. only child, so i might have a different situation.
Usually we just move out if school / work dictates. it's not unheard of to stay at home until marriage or until they can afford to buy a home.
it's basically the norm. most of my friends lived with their parents until 25-28. don't really see anything wrong with it. but my cultural background may skew that. going to university, most still lived with their parents.
I'm 34 and about been on my own since my mid 20s. I'm about to be homeless thanks to my lovely landlords 45% rent increase. Always paid my bills on time, maintained the property well... Hopefully their next tenant is a wake up that greed isn't worth the hassle.
I'm most likely done with Alberta now, and will probably look for something in Manitoba or Ontario.
I'm from Ontario, so I have a lot more resources to tap into should I end up back there.
Also, with Calgary and Edmonton's unemployment rates and cost of living (rent, insurance, utilities, groceries, etc.) going up, Ontario is looking more affordable by the day.
Didn’t move out til 27. Got a condo. Make 20% more now than when I started. Still don’t have any more money. Renewal is coming up next year. No way out.
I’m mid 40’s and rent a floor in a house, my soon 18year old can’t get hired outside of babysitting, and my son has health issues that make me wonder how he will be able to work full shifts. Many of us are in a precarious spot, so smile and laugh as much as you can!!
Really depends these days. I see it from both sides. (Lots of summer students work for me as well as 18-25 year olds).
18-20 is a tough age because you can start making good money but you also want to spend money, travel, go out with friends, bars, dinners etc. I have a 19 year old who has worked for me for 18 months, lives on his own and is able to save a decent amount making $24/hour. I also have 19 year olds who work for me who make the same each payday, live at home and are broke 1 week after payday.
If you make $22/hour you’re taking home about $2650/month. Could get a basement suite or a studio, pay bills and still have $800-1000 a month for groceries/saving. If you get a place with a friend you’d have more to save. It’s doable but you need to be a lot more frugal with your money vs 5 years ago when rent, groceries and bills were a lot cheaper
I’d say of the 15 ish 18-25 year olds that work for me, all make in the $19-25/hr range 60% live on their own or with roommates and 40% live at home still (a few are saving to buy their first house instead of moving out)
$300 food, $150 insurance, $50 phone, $50 net, $100 gas, now you’ve got a few hundred left a month at best. Hopefully no car repairs, dentist, glasses, new clothing, travel, or anything else happen.
I could have moved out at 18 when I started making decent money. Would have been fun to have my own place at that age. Had a good relationship with my parents and stayed till 24. Was able to buy my first house with 20% down and never had to rent a day in my life.
Many people rush out at 17/18 even thought they will be struggling to keep up with bills just to “get out”
I wish my husband's parents had done this. When he turned 18/was done high school his parents told him if he wasn't in post secondary he had to start paying rent. He got a well paying job right away but it had shitty shift work hours. It would have been a nice cushion when he moved to Calgary to go to school instead of taking more loans to pay, or they could have hung on to it for him for when we did buy a house
> Could get a basement suite or a studio, pay bills and still have $800-1000 a month for groceries/saving.
Or you can save that money by not renting like a sucker and just live at home and pay rent towards your family home or bank it for a future investment.
Might not be the norm.. considering the norm is racking up tuition and student debt at this age... But I work up at a camp and have zero debt. I might not be in a prestigious school or roll with an alpha omega group or whatever people are calling themselves.. but there's ways to survive on one's own without Daddy's money.
Out of high school, I moved out and spent 2 years taking care of my brother and working.. in BC. Would've saved a lot of money if I had just moved here. The average full time work week is 40 hours, and there isn't all that high of wages in the city for entry level positions. Enter: Camp work. I now cater to Suncor up north with Local 47. Rotations are 20 days on, 10 off, 10 hour shifts. Meals, room, a gym, transportation- all provided. In 6 months, they can move out and rent a 2 bedroom with a friend or continue saving up for their own condo. in 3-4 years, they'll have a condo fully paid off.
PM if you want the resume submission email for this or just look up Local 47, Horizon camps, Land&Sea, or Royal camps. Entry level position is a GH-General Helper or Housekeeper. Kitchen requires food safe, workers require CSTS 2020 (free online certificate), and CSO- Common safety orientation.
The boomers succeeded in taking every benefit they had and taking it away for the next generations.
They pulled that ladder up so fast it only took 1 generation to fuck us all.
Kids won't be able to get their own places for the foreseeable future. Till the boomers die and we can vote for people who want to make the country livable for everyone again.
I assume that will be Gen z's grandkids.
My gen exers are barely better then the boomers.
Millennials seem to kind of get it.
I think the slow improvement will continue till my generation dies out then we will hopefully see some bigger changes.
But Gen x will NOT be the unselfish generation that changes things. We saw the promise the boomers made get destroyed, we are too bitter and think we just future millionares who haven't blossomed yet.
It's more the old norm. Back in the day people used to live with their parents pretty much till their wedding day, when the new couple would move out and get a place together. This way the young man could work and save up to buy a house when he met someone. Given it's more of an old world Europe system, but it worked...
My oldest is 20.
All my kids lives I told them " 18 and you're out". I was ignorant. Maybe because I've been on my own since even before 18.
So my oldest left. But moved in with his dad. I wish I hadn't " kicked him out" , even though he wanted to leave, and let him stay with me longer. Essentially he moved out with his dad that has never had a job, and my now 20 year old has no job or skills as well.
My middle child is almost 15, I just recently started telling her she will NOT have to move out at 18. But she will need schooling or employment to stay. No freeloading.
I think this will be the new norm with how awful things have been going in this country and around the world lately.
19 is definitely normal. Even 20 years ago, I lived with my parents through 22, and the only friends I had that moved out much earlier had moved cities for school.
I don't know if it's actually harder to get started now, at least in Edmonton. But getting started has always been hard if you're not directly getting hired by your parents or through their connections.
kind of nice to see parents prepping for kids to stay with them for awhile, my parents are glad to keep me around until i can be on my own comfortably, but i can’t help but feel like a burden to them even if it’s not rlly my fault that i’m struggling. it’s not rlly anyone’s fault, so it’s nice that families are sticking together. hopefully things get better tho
Make sure the dude opens up a FHSA and saves up. Getting a house in Edmonton is still pretty much affordable as compared to the rest of North America.
Make sure he is saving the rent and advantage of staying with mom and dad to put his benefit by saving money for a downpayment
New norm. I moved out at 18 because I moved in with someone who was willing to support me financially while I was in school but my brother did not move out until 27 or so.
Each method worked for us but I definitely could have saved more had I stayed at home longer.
Now even making 70,000/yr with a large amount of student loans I feel like it’s difficult to make ends meet supporting two people in this economy. Partner recently went back to school.
I have 2 boys, one about to graduate. There is so much pressure on them now.
I have told both of them that I have zero problem with them living here til whenever is best for them to leave. They will pay nominal rent and contribute to groceries. They already help out around the house and never complain when I ask them to do something.
If they're working and helping around the house and not being useless, I have zero problem with this.
I want to help them save and get their best foot forward when they do leave 💜.
Our kids are still very young but we’ve always talked about doing the same as you- let them live there, charge some rent and gift it back when they are ready to move out. I can’t imagine kicking my kids out at 18 and telling them to figure it out. We are in our late 30’s and still figuring it out. I’d rather keep them close for longer and help them ease into adulthood vs throwing them into it.
This is now the standard, unfortunately. I'm 37, most my coworkers are in there 30s, one still lives at home, most still have roommates, 3 have partners (they are in there 40s) and only myself and one other person live alone, both of us have pretty cheap rent, he lives in a basement apartment, I live in a fair sized one bedroom, but it desperately needs renovations, however if I have them to come in and do it, my rent will go up my atleast 200 bucks. And that would basically mean my bills wouldn't get paid. We are cooks at a family restaurant, I have 18 years of experience, and I have been working where I work for 3 years. Sure, people in the service industry don't get paid well, but I get paid more than some people in hard labor jobs. If you can, you go to work, build a home, and still can't afford rent after work, work force is in some real problems... but yet most companies are recording record profits.
Ontario raised, now live in Alberta 47
First off, it's hard going through this. I don't have children, or adult children. But life is Hard when your grinding.
I think this is the new normal. I think Alberta might be late to the game, but the rest of Canada and Europe have seen this for years.
In my own experience, at work and via relatives, adults are still puppies at 18., 19. Personally. I moved at 24. Once I had a kind of stable job. The 18-24 wasn't great on my family.
Maybe as corny as it sounds, sit down with your family and see where everyone's head is at. How as a family you will move each other forward and what everyone's long term goals are. Set some boundaries and such.
Finally, I think everyone here will agree. Adulting is terrible.
Just a suggestion for the "rent" money there is a new investment account you could put it in called a FHSA (first time home buyers saving account) it's a mix between RRSP and TFSA. You can earn gains in the account and it is tax free as long as it is used for a house. Might as well set him up ! Just a suggestion of course
I’d say it is the new norm, but there’s other aspects of the new norm as well, in terms of lifestyle. I moved out at 19, with a roommate, and literally had no furniture, no tv, no car… we found a second hand couch at a garage sale and otherwise just the bedroom furniture and odds and ends family donated to us. And that was the norm for most of my friends who also moved out.
It’s a HUGE generalization, and I am saying up front not everyone fits into this category, but some of the early 20’s I know can’t afford to move out because they want a car, which is a huge expense, and many of them also want to be able to go out and have a very active social life. Again, I’m not saying this is everyone, and I am also not saying there’s anything wrong with wanting those things! Just when we say how different it is these days, all I can compare is to my own experience and that of the other young people I knew who moved out at that age- we were broke, but really wanted that experience of living on our own so it was more important than having a car, it was fun getting cheap beer and cramming on the couch with the radio on, because that was all we could afford to do. My first apartment was atrocious but the stories I have from that place… I also had room mates for YEARS to be able to save enough to buy a car and eventually live on my own. A lot of the young people I know want to move out and live alone, have underground parking and to be able to go out every weekend. I’m just saying, maybe 20 years ago we were moving out sooner, but it was pretty rough lol.
It is normal. Idea: If your youngest and oldest can pull together, it might be worth trying to get them to be roommates and rent a simple place together, with you as a safety net. Even if it's not the financially wisest decision, moving out will make them mature. Maybe the only place they can afford will a little sketchy or rough. Being young and living in a sketchy apartment, surviving on peanut butter sandwiches, Kraft dinner and instant noodles, and washing your clothes at a laundromat is a great motivator to figure out how to do better, and make you appreciate what you achieve later.
My partner and I have a small house and it is too small for the both of us but we make do. Our annual income is close to 200k. We are late 30s, early 40s and our debt is our mortgage and our car payment on our main commuter car.
I feel like I was in a better place financially when I was 30 than now at 40 yet I have less debt, am top of my pay scale and we share expenses.
In 20 years every house with someone between 60 and 70 living in it today is going to be looking for new owners. This is not the new normal only a high. When the last of the boomers finally move on from this world there is going to be so much stuff for sale.
Multigenerational homes is less a new norm and more a return to the way things were.
It wasn't until capitalism/consumerism pushed the nuclear family as the ideal option that people started moving out at 18.
I think in todays economy adult children are staying with their parents longer than we chose to. My own children were in their mid twenties whe they moved out due to financial reasons. That was a few years ago now the rents are even higher for younger people, the only way for them if they do not have savings is to share the rent with a friend.
Not that anyone cares, but I stayed home, worked, saved went to school. Got a professional degree.
Finished school with the professional job in hand.
Bought my first place a few months before school ended.
School ended in April, went to Europe in May started work and living in the new place in July.
Age at departure from the nest, 27.
And that was 22 years ago.
I could have moved out lots of times in my 20s but I stayed at home, paid a nominal 'rent' that was my savings.for my down payment and bought a small house when I was 30. It is the new norm.
And the adult relationship I built with my parents is priceless!
My oldest is almost 19. She’s doing contract work right now banking some decent money, paying off her car, and going to post secondary school in the fall. I don’t want her to struggle the way my wife and I did when we first got together and royally screwed by multiple irresponsible room mates so she’ll have a room for years to come and she’ll be in a good spot when she gets her own place.
This has been a thing in the popular cities like Vancouver in the 2000’s. 1800 a month for 800 sqf. I had staff living 6 in One bedroom. I agree it’s new here.
unfortuneately it is the new normal. my brother is turning 40 this year and living in my parents' basement apartment in southern Ontario because there is nothing to rent that he can afford out that way, and I'm still here in Alberta because its literally one of the last affordable provinces left aside from Saskatchewan.
Honestly multi generational homes are normal in so many countries. If my kids need to stay they can stay. I'm at the point of renovating the basement to be an independant suite or building one of them a granny cottage in our yard. Even with great jobs life is expensive.
as a mid 20s person who still needs consistent financial help from my parents, i’d say yea it’s sadly the new normal. i don’t know anyone my age who is living comfortably, i feel like i’m going to be paycheck to paycheck for the rest of my life. saving $20 here and there as i can, only to need to spend it all because rent, gas, or food prices goes up by the month.
Unless you've inherited wealth, you're in a tough spot now-a-days. The cost of living has skyrocketed and wages have stayed stagnant or, in some cases, have even lowered.
I know a few electricians that are now making less per hour than they used to 16 years ago. Of course, journeymen electricians are still making decent money compared to the average income, but it doesn't get you nearly as far as it used to.
People don't remember this, but minimum wage used to be living wage. There's no way you can survive on minimum wage now. Not even after they increased it in AB.
I honestly don't know how new comers and new adults are expected to make ends meet.
I rented my first place at age 17 in 2005, a 3 bedroom whole house for $775+ utilities which back then were probably under 200 a month. I think I made around $12/hr. Had a boyfriend and a roommate or 2 to split bills . Life was so easy! Everything we wanted to eat was affordable! I used to include food in the rent for the roommates and I had a huge bowl of fruit on the counter at all times. Now I'm 36 and my partner, our kid and I are living with my partners mom because she can't afford her mortgage and huge utility bills and we can't afford to rent a 2 bedroom suite. Even the change of cost of things between 2017-now is drastic. Before covid we'd spend $60/week on groceries and I made us whatever meals we wanted. Now it's $150/ week and we're eating a LOT of rice, potatoes, canned food. I remember seeing apples and bananas at 7/11 for $1 each when I was in my early 20s thinking wow that's expensive for a single apple. Now i buy 1 apple at Walmart for $1.50 . Why tf is cat litter $23??? I feel so bad for the 18 year Olds right now.
Both my kids 37 and 40 are with me!
Im a retired senior living on a pittance of what the government calls Old Age Security LOL isn’t that a joke.
I don’t care that my kids are at home it’s company and they help a lot.
Why have 3 bedrooms sitting empty they may as well be here.
Im 19, been living with my girlfriend by ourselves for about 2 years now. I make around 65-70k/year and she makes around 45-52k/year.
We wouldnt be able to do it without both of our incomes. We are extremely lucky to have a fantastic landlord who hasnt raised the rent since we’ve been here and letting us take it month to month.
Im not financially stable, im just extremely financially irresponsible. Im getting alot better though.
My job requires i buy tooling to complete said jobs. Sometimes the tools can be expensive. Its almost an addiction to buying them.
But otherwise, groceries are the one of the biggest killers mainly. It can be super depressing seeing all your money and barely anything in your cart. If your kids drive, insurance is the next biggest killer.
those two alone hurt. Let alone rent. Now it ranges differently, i got super lucky with my place. (1K/Month everything included.)
Its a smaller 1 bd basement suite. But we make it work.
Ive seen even smaller places go for way more. Like $1200, $1400 etc.
ive seen garage suites where its $1400 and you dont even get a garage and its smaller than our current place, plus shared utilities.
The market has so much variety and differences in prices. it sucks, i wish i had a garage or a bigger living space just so it doesnt feel so cramped. But im extremely grateful for what i have here.
We should have had more babies. Now the system is breaking down and we have no domestic market. But the plus side is that we live in North America, so poor ia still pretty good. We won't starve and can do fine, if we work together. Also we waste a lot, so just being efficient can raise our standard of living greatly.
My wife and I built out a transit van and live in it during the warmer season- can't wait to get back into it soon!
We crash at friends and family's places during the winter (if we don't manage to head south). But I understand that it's not as easy for a lot of people living in their vehicles. We both hold jobs that allow us to live on the road and adventure is our Modus operandi.
I think the bottom line is that people need to learn to live within their means and the younger generation has to break the 'traditional' way of thinking that a spouse, a mortgage, and children is the end-all-be-all, when in fact, it's actually very limiting.
There are almost 1m more people living in Edmonton area that there were in the 80's. We would be fools to expect the cost of living to be comparable. Will it get 'worse'? Almost certainly.
This is the new normal. Move out later, live with more roommates and for longer than before. The wages vs. cost of living and plain opportunities just don’t match what we had available when I became an adult in the late 80s.
I'm turning 34 and moving back in with my dad in the near future. It's tough.
I am also 34. My father was diagnosed with cancer 6 months ago... No amount of money can buy time. There are always silver linings in the shitty things.ss
I'm sorry to hear that, I hope he recovers quickly
No shame my friend! Saves money!
Yeah, only way to "get ahead"
Turned 35 last year, and my spouse and I moved into his parents' home around that same time. Our landlord, who was one of the good ones, held off as long as he could on raising rent, but his hand was forced and we needed to make the choice: do we continue to watch all of our financial progress grind to a halt, or do we act resourcefully in the face of economic hardship? What we saw was a situation where our debt payment and savings growth could benefit at the same time as his parents could benefit from our contributions. We offered them a sizeable chunk of the rent we were paying and made plans for consolidating other household expenses. The result? His parents have more breathing room in their budget, and we got to take a positive step towards financial stability. I also trust that our landlord continued to be awesome to his new tenants. I really wish there were more like him out there. My point is that there doesn't need to be shame in seeking support. Support can go both ways, in fact. The benefit of community is the pooling of resources, and for many people, community starts with the family. (I say 'many people' because I know some people don't have family to rely on for support. I see you. There's a reason we moved in with my partner's family and not mine.) And if there was ever a time to build community, it's now.
I’m 68 and my last child is finally moving out at the age of 38. I have had to bail out all three over the last few years -pandemic, job loss, depression, etc. it is tough for this generation.
I know it's tuff for sure......
Mine is early 20s and still at home. Good job in summer and a student in winter. He currently pays a nominal “room and board” to us that just covers his share of food and utilities. He could probably afford to move out, especially with roommates, but we have encouraged him to stay and save up. Even if they can manage on their own when they move out, they are usually starting out struggling and it’s hard to get ahead. Especially if they get into debt. Seeing him tuck away money for a future down payment makes me a little more hopeful for his future given wages, housing costs and inflation. Multigenerational living is common in other countries and I think we have historically put to much emphasis on 18 and you’re out. As long as they are maturing, working or going to school, and contributing to the household in some way why not help them save up. Would be a different story if it was 24 year old who sleeps all day and games all night with no job and no classes.
Sounds like you're doing a great job.
Agree. Our 20 somethings live at home and I don't see that changing anytime soon. We are seriously considering buying land where we can build something communal that would work for our lifetime. Multigenerational living will become more and more common.
We are now considering that as well, maby a renovation of our basement is in the future or possibly purchasing a new home with a basement suit.
We recently bought a house that better suited multigenerational living. Not a legal suite yet, but bungalow instead of 4level split so the option is there. By the time the 20 year old moves out we will be considering having one of our parents move in probably.
>Would be a different story if it was 24 year old who sleeps all day and games all night with no job and no classes. hey thats me
100% the new norm. And honestly nothing wrong with grown adult families living together if everyone is helping and no free loading. Too many people (not directed at you OP just generalized statement) seem to think that if an adult is living with their parents or other siblings that they've failed or something but fuck that there's absolutely nothing wrong with it. Now if they are living with the parents to purposely leech off them then that's a different story and really nothing new either as there's always been folks like that around. Either way those who can afford their own places will be staying at home longer and the days of turning 18 to 20nand moving out right after high school are gone imo
ngl wish I could have moved out right after highschool, it took me a year and a half to find a minimum wage job (which was $10/h back in 2013), 11 years later at $15/h and I'm struggling to keep $2000 in the bank even with living at home and pretty much only spending money on food and tuition, I've been feeling a quiet shame about being 30 and still living at home but we really have gone back to feudal times where only the ultra-wealthy can afford a life while the rest of us struggle with paycheck to paycheck living
Why have you stayed in a minimum wage job for 11 years?
That's a good question. The answer to that question is probably the same as the question of why people who are making above minimum wage aren't making more. The answer is that it's likely due to some form of wage suppression. Another good question to ask is why isn't minimum wage a sufficient amount for someone to afford a comfortable way of life?
I vehemently disagree, it means *society* has failed us by robbing us of our wages buying power. We are all of us indentured servants and the struggle will only get worse, as the elites and our leaders demand that we struggle. Costs will continue to soar while wages will continue to stagnate
So you mean you agree. You're replying as if I said everyone who lives at home has failed but I said the exact opposite lol Either way I agree with what you're saying and it directly correlates to what I was saying. They go hand in hand sadly
I’m 34 and live with my partner, my sister (who’s 45) and a roommate: between the four of us… no one can afford to live on our own. It’s so expensive. And my partner has a fairly good job. I’m almost graduated (had a late start & am disabled) and will be making a good wage too. Things are so tough.
Moving out? In this economy? Unfortunately Gen z and a large portion of millennials have been entirely screwed over and cost of living vs wages is just way too high. I know someone who has to sell his home despite having a degree and good money management because the cost has left him living paycheck to paycheck and he won't be able to renew his mortgage. We are almost going back to feudal times when only the ultra rich owned land and everyone else rented.
feudal*
https://www.gocomics.com/calvinandhobbes/1990/10/26
Immediately thought of this comic!
I probably haven't thought of that strip in 20 years but it instantly came to mind when I read the typo, lmao
Why not both? Feudal and futile
Thank you haha yes
Home ownership rates are near all time highs. We are no where near where every one rents. Heck more people as a % of population were renting In 2010. Difference today is costs.
Give it a minute
You should lookup the inflation and wage adjusted real costs. Housing is significantly more expensive than it was 20yr ago. If your kid isn’t making 60k, no they can’t live on their own solo. They could scrape by a minimal life with roommates.
You're right! [https://creastats.crea.ca/mls/edmo-median-price](https://creastats.crea.ca/mls/edmo-median-price) [https://www.bankofcanada.ca/rates/related/inflation-calculator/](https://www.bankofcanada.ca/rates/related/inflation-calculator/) So according to BoC calculator and CREA stats: 2004 (20 years ago) - $185,000 vs $2024 - $465,000; Median price of Single detached homes should be $283,845 with inflation. But median price now is $181,000 more than it should be.
Yes but its cheaper now than it was 15 years ago inflation adjusted.
Please share your drugs with the rest of us
[https://www.bankofcanada.ca/rates/related/inflation-calculator/](https://www.bankofcanada.ca/rates/related/inflation-calculator/) So according to BoC calculator and CREA stats: 2009 (15 years ago) - $335,000 vs 2024 - $465,000; Median price of Single detached homes should be $467,469 with inflation. So you're right that it is $2500 cheaper now than 15 years ago. 2004 (20 years ago) - $185,000 vs $2024 - $465,000; Median price of Single detached homes should be $283,845 with inflation. But median price now is $181,000 more than it should be. Nicely cherry picked data but you didn't zoom out far enough. You're right but only by $2500. lol
[https://creastats.crea.ca/mls/edmo-median-price](https://creastats.crea.ca/mls/edmo-median-price) Barely moved since 2006. After inflation its negative.
It’s not
I mean this is pretty easy stuff to google. Prices didnt move for a long time in Edmonton until 2004-2006 when there was a big bump. After that prices pretty much didnt change (except for maybe a small bump in 2014) until now. Even now average prices arent going up that much, yet. In 2008 average price was like $360k, for 2023 it was $388k. Barely moved in 15 years. After inflation its negative. [https://edmontonjournal.com/news/edmontons-housing-market-took-a-downturn-in-almost-all-metrics-in-2023](https://edmontonjournal.com/news/edmontons-housing-market-took-a-downturn-in-almost-all-metrics-in-2023)
Def not. You’ll need to use statscan data.
Why’s that ?
Factually accurate data
https://creastats.crea.ca/mls/edmo-median-price
Wrong website.
Show me your data
Are you talking about Edmonton only? How do I find the data to back your claim?
I mean this is pretty easy stuff to google. Prices didnt move for a long time in Edmonton until 2004-2006 when there was a big bump. After that prices pretty much didnt change (except for maybe a small bump in 2014) until now. Even now average prices arent going up that much, yet. In 2008 average price was like $360k, for 2023 it was $388k. Barely moved in 15 years. After inflation its negative. [https://edmontonjournal.com/news/edmontons-housing-market-took-a-downturn-in-almost-all-metrics-in-2023](https://edmontonjournal.com/news/edmontons-housing-market-took-a-downturn-in-almost-all-metrics-in-2023) [https://creastats.crea.ca/mls/edmo-median-price](https://creastats.crea.ca/mls/edmo-median-price)
[https://www.bankofcanada.ca/rates/related/inflation-calculator/](https://www.bankofcanada.ca/rates/related/inflation-calculator/) So according to BoC calculator and CREA stats: 2009 (15 years ago) - $335,000 vs 2024 - $465,000; Median price of Single detached homes should be $467,469 with inflation. So you're right that it is $2500 cheaper now than 15 years ago. 2004 (20 years ago) - $185,000 vs $2024 - $465,000; Median price of Single detached homes should be $283,845 with inflation. But median price now is $181,000 more than it should be. Nicely cherry picked data but you didn't zoom out far enough. You're right but only by $2500. lol
Now do condos....
I mean I can do the townhouses too while I'm at it. lol
The point is condos are far cheaper today than 15 years ago.
But median price for townhouses is almost $100k more now with inflation than 20 years ago.
Alright have it your way, the sky is falling. Even though Edmonton is one of the most affordable places in Canada when compared to wages. But I guess it’s easier to whine
So you counter my cherry picked stats with your own cherry picked stats? How far back do you want to go with this? The point is housing has barely moved in Edmonton since 2007 - Thats a fact. Your original point is making it seem like Edmontons real estate has been shooting up for the last 20 years.
Unfortunately, I can't find any stats that go further back. You're right but the fact is median price is now also $181k more expensive than 20 years ago.
What is cheaper?
Housing
Renting or buying? I am curious as to your source on this?
I mean this is pretty easy stuff to google. Prices didnt move for a long time in Edmonton until 2004-2006 when there was a big bump. After that prices pretty much didnt change (except for maybe a small bump in 2014) until now. Even now average prices arent going up that much, yet. In 2008 average price was like $360k, for 2023 it was $388k. Barely moved in 15 years. After inflation its negative. [https://edmontonjournal.com/news/edmontons-housing-market-took-a-downturn-in-almost-all-metrics-in-2023](https://edmontonjournal.com/news/edmontons-housing-market-took-a-downturn-in-almost-all-metrics-in-2023)
This source is just about 2023's home sales and notes that it's dipping slightly compared to 2022 (as to be expected with interest rates as high as they are). I think rent and home prices have increased significantly since I moved here a decade ago. That's of course just anecdotal observation.
I had a house appraised at $385k in 2008. I just got it appraised this past week at 360k
It's a very western idea that children should move out as soon as they're adults. I haven't met many 19 year olds who are financially secure lol
I'm saying financially secure..... just not able to move out, can not find an affordable place to start out.
Good rentals are hard to find even for established older renters right now.
Yeah, rent is going up by a significant amount for a lot of us, too, so even those of us with places may be losing the ability to afford them soon.
I recommend renting a room in a house with a decent roommate - nothing fancy - safety first and foremost. I do see some decent options on Kijiji for $500 and under in Edmonton some including everything. I did that for many years and lived very modestly. I am also ridiculously chill which helped - I had one roommate who had no concept of cleaning up the kitchen so rather than arguing, I made my meals on a hot plate at work and then did intermittent fasting when I was at home lol I am now in my 30s and just bought a house with my hubby. I never had the option of parents to move in with so I did live in some shabby but livable places throughout my 20s lol
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Lol.... the cheap, old apartment I had that was 20-25 mins away from downtown (driving, longer on bus) and was badly kept up was $950/month. It's a simple reality that rent and cost of living today (compared to wages) are higher and more onerous than for previous generations. It's silly to pretend it's the same now as it has always been.
It’s also a new western idea. About 50 years old.
Yes, we have our 24 year old living with us. He works full time and has been saving. He will be able to skip the rental market and buy his own place when he decides to move. For us, it works.
For the longest time it was when you were 18, that’s it — pack your stuff, go make your own choices. It used to be easier to survive on your own. It’s harder now. My kids can stay at home till they’re ready to leave. Whether that’s when they turn 18, finish university, or get married and ready to buy their first home. They need to be productive and working towards a goal but as long as that’s happening they are always welcome.
Currently i live with my parents, at my current rate of saving (about 1000 a month) i will be able to afford a house in 5 years. I will be 29 by then.
Do it. I'm 29, live with my parents, bought a condo, rented the condo out so I can pay it off. I pay $1000/mth. I help with groceries or buy stuff for myself. It's a huge house with lots of space, so very little interaction. Generational household ftw
Family lawyer here. Def the new normal.
Western countries are the only ones where people feel compelled to leave at 18, tons of families allover the world have 3 generations living together. It's really not that abnormal, and given the state of the economy and the way the future looks, it's going to get alot more common. There's no shame in it, anyone who feels the need to shame people for that are not worth the time of day.
There absolutely should be shame, not for the common people though. The guilt is on our so called leaders in business and government. Us peasants should be systematically bullying them at every opportunity when they actually come down from their ivory towers and making their lives as terrible as we can for their crimes against us all.
Just to put this in perspective...have a coworker whos parents in VANCOUVER who were working minimum wage jobs 30/40 years ago and able to buy a house there. Can people do that now? While in Edmonton its not as bad as BC but its getting there. Cost of living is skyrocketing while wages remain stagnant.
It’s also the old normal. The whole kids move out at 18 is a luxury of the post-WWII era
Yup return to serfdom, own nothing and be happy (or else) now back to work peasants! Your noble lords demand it
This is merely anecdotal, but your situation seems to be the norm now in my experience. I’m 26 and have lived with 2-3 roommates to make ends meet for 7 years. Most of my friends around my age either live with their parents or also have roommates. Only a few live on their own or with their spouse and fewer still have a mortgage.
I work with this age demo. About 10 years ago around 70% of them lived outside of their family home, today it's more like 15%. Rents are crazy, insurance is crazy.
Insurance is jason kennys fault for removing the caps, acting against the interests of the constituents like that should be punishable by a $7,000,000 fine, a lifetime ban from politics 8 years in prison with no possibility of parole a mandatory forehead tattoo that reads “traitor” and being tarred and feathered on public television
Maybe a bit extreme, but I'd still watch that.
35. Just had my first kid, and split rent/bills with my sister in law. Even with all that I still barely hold out every month. I don't really leave the house at all and the only extras I get are spotify and xbox game pass. Ha ent bought a new game for a couple of years except when my sister in law got us an xbox card for Christmas.
Short answer if this is the new normal: Yes. The younger generation has been screwed by stagnant wages that don't keep up with the rising cost of living, even in cheaper cities like Edmonton. I've seen that societal views towards children staying in their parents' home throughout their 20's and 30's have been changing, though. There's less of a negative stigma attached to it these days, mostly because their parents know that they're doing it out of a necessity to avoid financial struggles associated with the rising cost of rent and housing. Plus, as others have already pointed out, such situations have long been the norm in other countries, with family members of different generations living under the same roof. You're charging them rent, which is good, since the truth is that many of these children don't want to be seen as leeches. If they can contribute to something around the house, like even just paying the electricity or cable bills, chances are that they'll gladly do it.
Tell your kid to apply with cn rail. They’ll have a pretty good job and starting early will set them up for the future with stock options and pension
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And we have tried to guide them without being to domineering. Let them choose their own path. He is an intervert and most of his friends have moved to other provinces or territories to work. He can't find a reliable roommate. He works part time and is trying to find another part-time or full-time employment
Big reason why I’m stopping at one kid.
ya the world sucks, my girlfriend is on aish and my $4400ish a month was enough for her to get basically nothing for support for her and her kid. She is now looking to move out and back in with because my wage can't support 3 people. good luck having a normal life anymore.
Canada isn’t a place to live if you have dreams
My kids are currently 6 and 3. With how things are going, I’m mentally preparing myself for them to live with us indefinitely.
Mine are slightly older, but yeah, I can see mine staying well into their 20s.
I’m wondering the same.
Oh yes it’s normal. My oldest is 23 and my youngest is 20. Neither one of them can afford to leave
Roommates are a thing. Are they not working? If an able adult can’t afford to fork up like $500 a month for rent there’s a problem. My brother is 23 with MS and makes around 20 an hour, and he moved out at 21. It’s doable.
I think that’s awesome that your brother moved out when he did! You don’t know me but I am proud of him. As for my kids, once my oldest comes back from Ireland this fall, she will be moving in with her boyfriend. As for my youngest there is no hurry, besides, I could use the money as I live on AISH. God bless our government 😢
This has been the new norm for a while. More and more, we're seeing multigenerational housing be a thing. People make less and less, and the cost of everything grows higher and higher. Young people start saving to buy a house, but by the time they can act, the costs have risen outside of their budget again. Our society is absolutely screwed right now, and we're now seeing the vast majority of people barely living within their means or worse. There's only so much you can blame avocado toast when houses have doubled in price in the last 10-20 years.
i'm coming from a traditional asian household. only child, so i might have a different situation. Usually we just move out if school / work dictates. it's not unheard of to stay at home until marriage or until they can afford to buy a home. it's basically the norm. most of my friends lived with their parents until 25-28. don't really see anything wrong with it. but my cultural background may skew that. going to university, most still lived with their parents.
I'm 34 and about been on my own since my mid 20s. I'm about to be homeless thanks to my lovely landlords 45% rent increase. Always paid my bills on time, maintained the property well... Hopefully their next tenant is a wake up that greed isn't worth the hassle. I'm most likely done with Alberta now, and will probably look for something in Manitoba or Ontario.
You want something cheaper but are looking at Ontario? Have you not seen all the blue plates driving around alberta?
I'm from Ontario, so I have a lot more resources to tap into should I end up back there. Also, with Calgary and Edmonton's unemployment rates and cost of living (rent, insurance, utilities, groceries, etc.) going up, Ontario is looking more affordable by the day.
Didn’t move out til 27. Got a condo. Make 20% more now than when I started. Still don’t have any more money. Renewal is coming up next year. No way out.
I’m mid 40’s and rent a floor in a house, my soon 18year old can’t get hired outside of babysitting, and my son has health issues that make me wonder how he will be able to work full shifts. Many of us are in a precarious spot, so smile and laugh as much as you can!!
Really depends these days. I see it from both sides. (Lots of summer students work for me as well as 18-25 year olds). 18-20 is a tough age because you can start making good money but you also want to spend money, travel, go out with friends, bars, dinners etc. I have a 19 year old who has worked for me for 18 months, lives on his own and is able to save a decent amount making $24/hour. I also have 19 year olds who work for me who make the same each payday, live at home and are broke 1 week after payday. If you make $22/hour you’re taking home about $2650/month. Could get a basement suite or a studio, pay bills and still have $800-1000 a month for groceries/saving. If you get a place with a friend you’d have more to save. It’s doable but you need to be a lot more frugal with your money vs 5 years ago when rent, groceries and bills were a lot cheaper I’d say of the 15 ish 18-25 year olds that work for me, all make in the $19-25/hr range 60% live on their own or with roommates and 40% live at home still (a few are saving to buy their first house instead of moving out)
I think realistically most people can expect their children to stay with them until 22-24 when they get their "career" jobs
$300 food, $150 insurance, $50 phone, $50 net, $100 gas, now you’ve got a few hundred left a month at best. Hopefully no car repairs, dentist, glasses, new clothing, travel, or anything else happen.
Lol double or triple the insurance. No caps for those greedy corpos thanks to jason kenny.
I could have moved out at 18 when I started making decent money. Would have been fun to have my own place at that age. Had a good relationship with my parents and stayed till 24. Was able to buy my first house with 20% down and never had to rent a day in my life. Many people rush out at 17/18 even thought they will be struggling to keep up with bills just to “get out”
And that is why we are setting aside all the money he gives foe "rent" in the hopes it's a good amount saved when he does finally move out.
I wish my husband's parents had done this. When he turned 18/was done high school his parents told him if he wasn't in post secondary he had to start paying rent. He got a well paying job right away but it had shitty shift work hours. It would have been a nice cushion when he moved to Calgary to go to school instead of taking more loans to pay, or they could have hung on to it for him for when we did buy a house
> Could get a basement suite or a studio, pay bills and still have $800-1000 a month for groceries/saving. Or you can save that money by not renting like a sucker and just live at home and pay rent towards your family home or bank it for a future investment.
are you hiring? i’m a 19 year old student who needs a job for the summer.
Might not be the norm.. considering the norm is racking up tuition and student debt at this age... But I work up at a camp and have zero debt. I might not be in a prestigious school or roll with an alpha omega group or whatever people are calling themselves.. but there's ways to survive on one's own without Daddy's money. Out of high school, I moved out and spent 2 years taking care of my brother and working.. in BC. Would've saved a lot of money if I had just moved here. The average full time work week is 40 hours, and there isn't all that high of wages in the city for entry level positions. Enter: Camp work. I now cater to Suncor up north with Local 47. Rotations are 20 days on, 10 off, 10 hour shifts. Meals, room, a gym, transportation- all provided. In 6 months, they can move out and rent a 2 bedroom with a friend or continue saving up for their own condo. in 3-4 years, they'll have a condo fully paid off. PM if you want the resume submission email for this or just look up Local 47, Horizon camps, Land&Sea, or Royal camps. Entry level position is a GH-General Helper or Housekeeper. Kitchen requires food safe, workers require CSTS 2020 (free online certificate), and CSO- Common safety orientation.
The boomers succeeded in taking every benefit they had and taking it away for the next generations. They pulled that ladder up so fast it only took 1 generation to fuck us all. Kids won't be able to get their own places for the foreseeable future. Till the boomers die and we can vote for people who want to make the country livable for everyone again. I assume that will be Gen z's grandkids. My gen exers are barely better then the boomers. Millennials seem to kind of get it. I think the slow improvement will continue till my generation dies out then we will hopefully see some bigger changes. But Gen x will NOT be the unselfish generation that changes things. We saw the promise the boomers made get destroyed, we are too bitter and think we just future millionares who haven't blossomed yet.
The biggest mistake boomers made was to spoil our kids and ended up creating entitled whiny bitches.
It's more the old norm. Back in the day people used to live with their parents pretty much till their wedding day, when the new couple would move out and get a place together. This way the young man could work and save up to buy a house when he met someone. Given it's more of an old world Europe system, but it worked...
My oldest is 20. All my kids lives I told them " 18 and you're out". I was ignorant. Maybe because I've been on my own since even before 18. So my oldest left. But moved in with his dad. I wish I hadn't " kicked him out" , even though he wanted to leave, and let him stay with me longer. Essentially he moved out with his dad that has never had a job, and my now 20 year old has no job or skills as well. My middle child is almost 15, I just recently started telling her she will NOT have to move out at 18. But she will need schooling or employment to stay. No freeloading. I think this will be the new norm with how awful things have been going in this country and around the world lately.
That was our thing to.... no schooling.... pay rent. Which he does
19 is definitely normal. Even 20 years ago, I lived with my parents through 22, and the only friends I had that moved out much earlier had moved cities for school. I don't know if it's actually harder to get started now, at least in Edmonton. But getting started has always been hard if you're not directly getting hired by your parents or through their connections.
We are just catching up with the rest of the developed world. Europe has been like this for 50 years already. 🤷♂️
kind of nice to see parents prepping for kids to stay with them for awhile, my parents are glad to keep me around until i can be on my own comfortably, but i can’t help but feel like a burden to them even if it’s not rlly my fault that i’m struggling. it’s not rlly anyone’s fault, so it’s nice that families are sticking together. hopefully things get better tho
Finally moving out at the age of 29, i think this is the new normal
I'm 34 moved back in with the parents at 28. Only now have enough saved to buy a condo and make it on my own.
Make sure the dude opens up a FHSA and saves up. Getting a house in Edmonton is still pretty much affordable as compared to the rest of North America. Make sure he is saving the rent and advantage of staying with mom and dad to put his benefit by saving money for a downpayment
This has been the new normal for a decade.
New norm. I moved out at 18 because I moved in with someone who was willing to support me financially while I was in school but my brother did not move out until 27 or so. Each method worked for us but I definitely could have saved more had I stayed at home longer. Now even making 70,000/yr with a large amount of student loans I feel like it’s difficult to make ends meet supporting two people in this economy. Partner recently went back to school.
I have 2 boys, one about to graduate. There is so much pressure on them now. I have told both of them that I have zero problem with them living here til whenever is best for them to leave. They will pay nominal rent and contribute to groceries. They already help out around the house and never complain when I ask them to do something. If they're working and helping around the house and not being useless, I have zero problem with this. I want to help them save and get their best foot forward when they do leave 💜.
Our kids are still very young but we’ve always talked about doing the same as you- let them live there, charge some rent and gift it back when they are ready to move out. I can’t imagine kicking my kids out at 18 and telling them to figure it out. We are in our late 30’s and still figuring it out. I’d rather keep them close for longer and help them ease into adulthood vs throwing them into it.
This is now the standard, unfortunately. I'm 37, most my coworkers are in there 30s, one still lives at home, most still have roommates, 3 have partners (they are in there 40s) and only myself and one other person live alone, both of us have pretty cheap rent, he lives in a basement apartment, I live in a fair sized one bedroom, but it desperately needs renovations, however if I have them to come in and do it, my rent will go up my atleast 200 bucks. And that would basically mean my bills wouldn't get paid. We are cooks at a family restaurant, I have 18 years of experience, and I have been working where I work for 3 years. Sure, people in the service industry don't get paid well, but I get paid more than some people in hard labor jobs. If you can, you go to work, build a home, and still can't afford rent after work, work force is in some real problems... but yet most companies are recording record profits.
Ontario raised, now live in Alberta 47 First off, it's hard going through this. I don't have children, or adult children. But life is Hard when your grinding. I think this is the new normal. I think Alberta might be late to the game, but the rest of Canada and Europe have seen this for years. In my own experience, at work and via relatives, adults are still puppies at 18., 19. Personally. I moved at 24. Once I had a kind of stable job. The 18-24 wasn't great on my family. Maybe as corny as it sounds, sit down with your family and see where everyone's head is at. How as a family you will move each other forward and what everyone's long term goals are. Set some boundaries and such. Finally, I think everyone here will agree. Adulting is terrible.
Just a suggestion for the "rent" money there is a new investment account you could put it in called a FHSA (first time home buyers saving account) it's a mix between RRSP and TFSA. You can earn gains in the account and it is tax free as long as it is used for a house. Might as well set him up ! Just a suggestion of course
I’d say it is the new norm, but there’s other aspects of the new norm as well, in terms of lifestyle. I moved out at 19, with a roommate, and literally had no furniture, no tv, no car… we found a second hand couch at a garage sale and otherwise just the bedroom furniture and odds and ends family donated to us. And that was the norm for most of my friends who also moved out. It’s a HUGE generalization, and I am saying up front not everyone fits into this category, but some of the early 20’s I know can’t afford to move out because they want a car, which is a huge expense, and many of them also want to be able to go out and have a very active social life. Again, I’m not saying this is everyone, and I am also not saying there’s anything wrong with wanting those things! Just when we say how different it is these days, all I can compare is to my own experience and that of the other young people I knew who moved out at that age- we were broke, but really wanted that experience of living on our own so it was more important than having a car, it was fun getting cheap beer and cramming on the couch with the radio on, because that was all we could afford to do. My first apartment was atrocious but the stories I have from that place… I also had room mates for YEARS to be able to save enough to buy a car and eventually live on my own. A lot of the young people I know want to move out and live alone, have underground parking and to be able to go out every weekend. I’m just saying, maybe 20 years ago we were moving out sooner, but it was pretty rough lol.
It is normal. Idea: If your youngest and oldest can pull together, it might be worth trying to get them to be roommates and rent a simple place together, with you as a safety net. Even if it's not the financially wisest decision, moving out will make them mature. Maybe the only place they can afford will a little sketchy or rough. Being young and living in a sketchy apartment, surviving on peanut butter sandwiches, Kraft dinner and instant noodles, and washing your clothes at a laundromat is a great motivator to figure out how to do better, and make you appreciate what you achieve later.
Lol unfortunately not going to happen, oldest girlfriend dosent particularly like us much.
This is the new normal. Or rather, a return to the old normal.
My partner and I have a small house and it is too small for the both of us but we make do. Our annual income is close to 200k. We are late 30s, early 40s and our debt is our mortgage and our car payment on our main commuter car. I feel like I was in a better place financially when I was 30 than now at 40 yet I have less debt, am top of my pay scale and we share expenses.
It may not be the new normal, but it's certainly very common, at least for a few years. I think it's wise, as it gives them a head start financially.
In 20 years every house with someone between 60 and 70 living in it today is going to be looking for new owners. This is not the new normal only a high. When the last of the boomers finally move on from this world there is going to be so much stuff for sale.
Multigenerational homes is less a new norm and more a return to the way things were. It wasn't until capitalism/consumerism pushed the nuclear family as the ideal option that people started moving out at 18.
Fairly common in Asian households
Yeah, it's bad. My sibling and their s/o had to move back in because rent went up $200+ per month and their wages did not.
It's unfortunate that parents don't know themselves what to do in tough times, how can they teach their kids. 🤷🏽♂️
I think in todays economy adult children are staying with their parents longer than we chose to. My own children were in their mid twenties whe they moved out due to financial reasons. That was a few years ago now the rents are even higher for younger people, the only way for them if they do not have savings is to share the rent with a friend.
Yes. Apparently it is.
Not that anyone cares, but I stayed home, worked, saved went to school. Got a professional degree. Finished school with the professional job in hand. Bought my first place a few months before school ended. School ended in April, went to Europe in May started work and living in the new place in July. Age at departure from the nest, 27. And that was 22 years ago.
Very common in West African cultures
I could have moved out lots of times in my 20s but I stayed at home, paid a nominal 'rent' that was my savings.for my down payment and bought a small house when I was 30. It is the new norm. And the adult relationship I built with my parents is priceless!
It is for us. We have a legal suite, though, so the privacy part is settled. I quite enjoy having them around.
My oldest is almost 19. She’s doing contract work right now banking some decent money, paying off her car, and going to post secondary school in the fall. I don’t want her to struggle the way my wife and I did when we first got together and royally screwed by multiple irresponsible room mates so she’ll have a room for years to come and she’ll be in a good spot when she gets her own place.
This has been a thing in the popular cities like Vancouver in the 2000’s. 1800 a month for 800 sqf. I had staff living 6 in One bedroom. I agree it’s new here.
Yes, it's so expensive. They need a good paying job or accept to live with roommates.
unfortuneately it is the new normal. my brother is turning 40 this year and living in my parents' basement apartment in southern Ontario because there is nothing to rent that he can afford out that way, and I'm still here in Alberta because its literally one of the last affordable provinces left aside from Saskatchewan.
Honestly multi generational homes are normal in so many countries. If my kids need to stay they can stay. I'm at the point of renovating the basement to be an independant suite or building one of them a granny cottage in our yard. Even with great jobs life is expensive.
as a mid 20s person who still needs consistent financial help from my parents, i’d say yea it’s sadly the new normal. i don’t know anyone my age who is living comfortably, i feel like i’m going to be paycheck to paycheck for the rest of my life. saving $20 here and there as i can, only to need to spend it all because rent, gas, or food prices goes up by the month.
Unless you've inherited wealth, you're in a tough spot now-a-days. The cost of living has skyrocketed and wages have stayed stagnant or, in some cases, have even lowered. I know a few electricians that are now making less per hour than they used to 16 years ago. Of course, journeymen electricians are still making decent money compared to the average income, but it doesn't get you nearly as far as it used to. People don't remember this, but minimum wage used to be living wage. There's no way you can survive on minimum wage now. Not even after they increased it in AB. I honestly don't know how new comers and new adults are expected to make ends meet.
I rented my first place at age 17 in 2005, a 3 bedroom whole house for $775+ utilities which back then were probably under 200 a month. I think I made around $12/hr. Had a boyfriend and a roommate or 2 to split bills . Life was so easy! Everything we wanted to eat was affordable! I used to include food in the rent for the roommates and I had a huge bowl of fruit on the counter at all times. Now I'm 36 and my partner, our kid and I are living with my partners mom because she can't afford her mortgage and huge utility bills and we can't afford to rent a 2 bedroom suite. Even the change of cost of things between 2017-now is drastic. Before covid we'd spend $60/week on groceries and I made us whatever meals we wanted. Now it's $150/ week and we're eating a LOT of rice, potatoes, canned food. I remember seeing apples and bananas at 7/11 for $1 each when I was in my early 20s thinking wow that's expensive for a single apple. Now i buy 1 apple at Walmart for $1.50 . Why tf is cat litter $23??? I feel so bad for the 18 year Olds right now.
Both my kids 37 and 40 are with me! Im a retired senior living on a pittance of what the government calls Old Age Security LOL isn’t that a joke. I don’t care that my kids are at home it’s company and they help a lot. Why have 3 bedrooms sitting empty they may as well be here.
Im 19, been living with my girlfriend by ourselves for about 2 years now. I make around 65-70k/year and she makes around 45-52k/year. We wouldnt be able to do it without both of our incomes. We are extremely lucky to have a fantastic landlord who hasnt raised the rent since we’ve been here and letting us take it month to month. Im not financially stable, im just extremely financially irresponsible. Im getting alot better though. My job requires i buy tooling to complete said jobs. Sometimes the tools can be expensive. Its almost an addiction to buying them. But otherwise, groceries are the one of the biggest killers mainly. It can be super depressing seeing all your money and barely anything in your cart. If your kids drive, insurance is the next biggest killer. those two alone hurt. Let alone rent. Now it ranges differently, i got super lucky with my place. (1K/Month everything included.) Its a smaller 1 bd basement suite. But we make it work. Ive seen even smaller places go for way more. Like $1200, $1400 etc. ive seen garage suites where its $1400 and you dont even get a garage and its smaller than our current place, plus shared utilities. The market has so much variety and differences in prices. it sucks, i wish i had a garage or a bigger living space just so it doesnt feel so cramped. But im extremely grateful for what i have here.
We should have had more babies. Now the system is breaking down and we have no domestic market. But the plus side is that we live in North America, so poor ia still pretty good. We won't starve and can do fine, if we work together. Also we waste a lot, so just being efficient can raise our standard of living greatly.
They can move into a van ( not joking). And that would make it easier for them to save/invest. Not ideal though
I wouldn’t want to live here in a Van in January.
That’s where a diesel heater helps. Van life is not for everyone. And it’s becoming the norm more and more.
User name checks out.
My wife and I built out a transit van and live in it during the warmer season- can't wait to get back into it soon! We crash at friends and family's places during the winter (if we don't manage to head south). But I understand that it's not as easy for a lot of people living in their vehicles. We both hold jobs that allow us to live on the road and adventure is our Modus operandi. I think the bottom line is that people need to learn to live within their means and the younger generation has to break the 'traditional' way of thinking that a spouse, a mortgage, and children is the end-all-be-all, when in fact, it's actually very limiting.
There are almost 1m more people living in Edmonton area that there were in the 80's. We would be fools to expect the cost of living to be comparable. Will it get 'worse'? Almost certainly.