The WSJ piece only reaffirms what is playing out in large urban centers around the world (not just the US): that it's getting tougher to get ahead these days.
In Toronto, for example, the average selling price for a home has almost doubled in the last 10 years from ~$570,000 in 2014 to ~$1.1 million dollars in 2024; the average monthly rent ~$1,100 in 2014, now ~$2,300/mo. in 2024.
Is it any wonder this has created a housing affordability crisis forcing younger adults to delay many of the so-called traditional markers of adulthood mentioned in the piece?
In Toronto, for example, the average selling price for a home has almost doubled in the last 10 years from ~$570,000 in 2014 to ~$1.1 million dollars in 2024; the average monthly rent ~$1,100 in 2014, now ~$2,300/mo. in 2024.
Is it any wonder this has created a housing affordability crisis forcing younger adults to delay many of the so-called traditional markers of adulthood mentioned in the piece?