Do kids today really have it harder? Economically speaking, life may have been easier 35 years ago. Back then, the average cost of a home was only around 1.6 times the annual family income. With decades of rising home prices across Canada, today this figure has climbed to over eight times average income. For many younger adults, home ownership has become increasingly out of reach. Similarly, the cost of education has also rapidly increased, much faster than inflation. Today, the average annual undergraduate tuition will cost a student almost six times what it was back then. One thing in today’s favour? A mortgage today comes with much lower interest rates — if one can afford to hold a mortgage!