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Over 35% of Canadian young adults live with parents due to high housing costs, prompting families to require financial contributions for responsibility.
A record 35.1% of young adults aged 20 to 34 in Canada are living with parents or grandparents due to soaring housing costs, with average one-bedroom rents near $2,355 monthly.
Experts and families are increasingly encouraging adult children to contribute financially to household expenses like utilities, food, and condo fees, not just to offset costs but to teach financial responsibility and real-world money management.
Financial advisors recommend approaching the conversation with empathy and clarity, framing it as an adult-to-adult discussion.
Early financial education, like that experienced by Rosa-Lee Farquharson, who began paying $600 monthly at 18, is seen as key to preparing young adults for independence.
Más del 35% de los jóvenes adultos canadienses viven con sus padres debido a los altos costos de la vivienda, lo que lleva a las familias a exigir contribuciones financieras por responsabilidad.