Barriers to moving: Potential implications for the life satisfaction of young families

Guy Gellatly, Helen Foran and Lauren Pinault

Economic and Social Reports from Statistics Canada, Analytical Studies and Modelling Branch

Abstract: The prevalence of Canadians who report high levels of life satisfaction has trended lower since inflationary pressures began to build in 2021. In early 2024, 48.6% of Canadians aged 15 years and older reported that they were highly satisfied with their lives, a decline of more than 5 percentage points from three years earlier. The gradual deterioration in life satisfaction has been unevenly felt, with more sizable reductions among young adults, racialized Canadians and those living in larger urban centres.Note Cumulative declines among younger Canadians over the past three years, which occurred against a backdrop of deteriorating housing affordability and large increases in rental prices, have totalled about 11 percentage points, with about one in three reporting high levels of life satisfaction by early 2024.

Keywords: life satisfaction; Canada; young families (search for similar items in EconPapers)
JEL-codes: J23 M21 (search for similar items in EconPapers)
Date: 2024-12-19
New Economics Papers: this item is included in nep-mac
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Persistent link: https://EconPapers.repec.org/RePEc:stc:stcp8e:202401200001e

DOI: 10.25318/36280001202401200001-eng

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