More young adults living with parents now than in past 20 years
51 per cent of Generation Ys between the ages of 20 and 29 lived with their parents last year, according to the latest Statistics Canada data.
That’s compared with just 31 per cent of Generation Xers and 28 per cent of late boomers who lived at home during that same age period.
And while it may be easy to view them all as permanent 'basement dwellers', Generation Y is just more financially savvy than past generations, says CIBC economist Benjamin Tal.
The gang in this cohort simply know when they've got a good thing going.