The Canadian government tabled the 2024 federal budget on Tuesday, outlining an agenda aimed at restoring what it terms “generational fairness” for Millennials and Gen Z. But does the government actually live up to this promise?
Today in The Conversation Canada, Douglas A. Stuart from the University of Victoria examines whether or not the federal budget delivers on the Trudeau government’s commitment to the younger generations.
The budget attempts to address a number of challenges faced by Millennials and Gen Z Canadians, from rental costs to job prospects and the cost of living. One of the primary pillars is housing affordability — a pressing concern for both renters and prospective homeowners.
Notable measures include an increase in the Home Buyers’ Plan withdrawal limit, incentives for more purpose-built rental housing and a commitment toward building more homes. The budget also outlines incentives to combat the growing climate anxiety among younger Canadians, and more financial support for post-secondary students.
But while the budget introduces all these ambitious initiatives, concerns about their efficacy still linger. Stuart writes: “It appears that efforts are being taken to live up to the ‘generational fairness’ tenet held up as a guiding light for the federal budget. Whether the initiatives will deliver on this aspiration, however, is subject to speculation.”
Also today:
All the best.
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Finance Minister Chrystia Freeland presents the federal budget in the House of Commons in Ottawa on April 16, 2024. The budget contains measures for younger Canadians seeking to buy homes.
THE CANADIAN PRESS/Adrian Wyld
Douglas A. Stuart, University of Victoria
The federal government says it’s committed to addressing the challenges faced by younger generations, including housing affordability and the high cost of living. Does the budget deliver on its promises?
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Alberta Premier Danielle Smith introduces legislation addressing agreements between the federal government and provincial entities in Edmonton on April 10, 2024.
THE CANADIAN PRESS/Jason Franson.
Ping Lam Ip, University of Alberta; Andrea DeKeseredy, University of Alberta
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Nitish Boodhoo, University of Guelph
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(AP Photo/Matias Delacroix)
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(PeopleImages.com - Yuri A/Shutterstock)
Alison Bishop, University of East London
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Andrew Flachs, Purdue University; Joseph Orkin, Université de Montréal
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Dan Baumgardt, University of Bristol
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Edith Jennifer Hill, Flinders University; Lydia Woodyatt, Flinders University
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