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

Author

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  • Guy Gellatly
  • Helen Foran
  • Lauren Pinault

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.

Suggested Citation

  • Guy Gellatly & Helen Foran & Lauren Pinault, 2024. "Barriers to moving: Potential implications for the life satisfaction of young families," Economic and Social Reports 202401200001e, Statistics Canada, Analytical Studies and Modelling Branch.
  • Handle: RePEc:stc:stcp8e:202401200001e
    DOI: https://doi.org/10.25318/36280001202401200001-eng
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    References listed on IDEAS

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    1. repec:stc:stcp8e:2023012e is not listed on IDEAS
    2. Max Stick & Christoph Schimmele & Feng Hou, 2023. "The housing trajectories of Canadian-born racialized population groups," Economic and Social Reports 202301200003e, Statistics Canada, Analytical Studies and Modelling Branch.
    3. James Gauthier & Carter McCormack, 2024. "Housing, wealth and debt: How are young Canadians adapting to current financial and housing pressures?," Economic and Social Reports 202400300004e, Statistics Canada, Analytical Studies and Modelling Branch.
    4. repec:stc:stcp8e:2023007e is not listed on IDEAS
    5. repec:stc:stcp8e:2024003e is not listed on IDEAS
    6. Sean Clarke & Rebecca Lehto & Simon Sheldrick, 2023. "Switching stores to cope with high inflation: Food sales at food and beverage stores and general merchandise stores," Economic and Social Reports 202300700005e, Statistics Canada, Analytical Studies and Modelling Branch.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

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    JEL classification:

    • J23 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Demand
    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics

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