Numbers show inflation in Canada is hitting millennials and Gen Zs the hardest Canada Inflation
, indicates that these groups have seen the most dramatic declines in their disposable income, with those under age 35 seeing a 2.6 per cent decrease compared to this time last year, and those in the lowest income range seeing a 5.7 per cent drop, on average.their overall net worth decline at the fastest pace of all age groups, down an average of 8.2 per cent from the first quarter of this year to the second.
Disposable incomes have fallen the most for the lowest earners and the youngest people in Canada. Chart from"Inflationary pressures had a negative impact on net saving, regardless of demographic or economic characteristics, as cost-of-living increases outweighed growth in disposable income," StatsCan writes.
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