Our New Normal: Exploring the Generational Realities of Money, Career and Life in Canada

What’s This Podcast
About?

Our New Normal: Exploring the Generational Realities of Money, Career and Life" reflects the evolving landscape of economic and social experiences that differ significantly across generations. In the past few decades, the traditional paths to financial stability, career progression, and life fulfillment have shifted in profound ways. For older generations, stability was often tied to long-term employment with a single company, homeownership, and a clear roadmap to retirement. They built careers on a foundation of loyalty, where pension plans and job security were cornerstones and obviously, fully expected. In contrast, younger generations, particularly Millennials and Gen Z, are navigating a gig economy, where job security is elusive, and career paths are often long and winding roads. The rise of remote work, freelancing, and entrepreneurship has redefined success, leading to a sense of flexibility, but also uncertainty. Financially, the rising cost of education, housing, and healthcare has made it increasingly difficult for younger generations to achieve the same economic milestones as their parents and grandparents. Homeownership, once a symbol of financial success in Canada, has become a distant dream for many due to skyrocketing property prices and student debt. The wealth gap continues to widen, with many younger people feeling the weight of economic instability. At the same time, there's a growing shift in what defines a fulfilling life. Younger generations are prioritizing experiences, mental health, and work-life balance over the conventional pursuit of wealth and material success. "Our New Normal" is characterized by adaptability, resilience, and a reimagining of what truly matters in both personal and professional spheres, at all ages.