Times are tough for young people leaving the family nest. They may be better educated and earn more than previous generations, but the skyrocketing prices of rents and houses are cutting their wings. This issue of intergenerational inequity was discussed at a recent event organized by the Mouvement Desjardins, where hundreds of young people gathered to find solutions to the challenges they face.

The housing crisis, climate change, and mental health are some of the challenges that young people are grappling with. The high inflation, particularly in groceries and housing, is hitting low-income individuals the hardest, including young people. In fact, those under 30 are the only age group that spends more than half of their consumer spending on essential goods.

The housing crisis is exacerbating the situation, with rents becoming scarcer in the past 20 years and houses becoming less affordable for young people. The environmental crisis, including forest fires and floods, further erodes housing affordability by inflating damage insurance costs. Additionally, the costs associated with climate change could increase inflation, reduce profits, and increase interest rates, which would negatively impact the finances of young people.

However, it’s not all doom and gloom. Quebec has made significant progress in terms of intergenerational equity over the past 20 years. Measures such as boosting the Quebec Pension Plan and creating the Generations Fund have been implemented to ensure that future generations have access to pensions and public services without being burdened with excessive taxes.

According to experts, Quebec’s public finances are entering a zone of long-term sustainability, which is a positive sign for intergenerational equity. The Chair in Taxation and Public Finance at the University of Sherbrooke will soon present a new analysis on the state of Quebec’s public finances.

While young people may be facing numerous challenges, it is encouraging to see efforts being made to address intergenerational inequity and ensure a better future for the next generation.

What are some potential benefits of investing in renewable energy in terms of intergenerational equity, job opportunities, and combating climate change

Rational equity is pressing as it not only affects the present generation but will burden future generations with immense debt.

One way to address this issue is to prioritize investments in sustainable and affordable housing. By ensuring that housing is both environmentally friendly and within reach for young people, we can alleviate the strain on their finances and provide stability for their futures. Public-private partnerships and government initiatives can play a crucial role in making affordable housing a reality for young people.

Another important investment is in public transportation. By improving and expanding public transportation options, we can reduce the reliance on cars and promote greener and more affordable transportation for young people. This not only decreases their expenses but also helps in reducing carbon emissions and combating climate change.

Investing in renewable energy is another crucial step. By transitioning to renewable energy sources like solar and wind power, we can reduce our dependence on fossil fuels and mitigate the impact of climate change. This will not only create job opportunities in the growing green energy sector but also ensure a sustainable future for young people and generations to come.

Furthermore, we must invest in education and skills training to equip young people with the tools they need to succeed in the job market. This includes expanding access to affordable post-secondary education and apprenticeship programs, which can help bridge the gap between education and employment. By providing young people with the necessary skills and knowledge, we empower them to contribute to the economy and build a prosperous future.

Addressing the mental health crisis among young people is also imperative. Increasing funding for mental health services and implementing preventative measures in schools and communities can help alleviate the burden on young people and ensure their well-being. By promoting mental health and well-being, we can create an environment that fosters success and resilience.

Taking action on climate change is a global responsibility, and it is essential that we implement policies that reduce greenhouse gas emissions and promote sustainable practices. This involves transitioning to renewable energy sources, promoting energy efficiency, and supporting green industries. By prioritizing the environment, we create a sustainable future for young people and safeguard their well-being.

Lastly, it is crucial to encourage intergenerational dialogue and collaboration. Young people’s voices and perspectives must be heard and considered in decision-making processes. By fostering communication and collaboration between different generations, we can ensure that policies and initiatives address the needs and aspirations of young people effectively.

In conclusion, prioritizing intergenerational equity and taking action on key issues such as housing affordability, climate change, and mental health is vital to create a more equitable and sustainable future for all. Young people face numerous challenges, but there are also opportunities for positive change. It is up to us to seize these opportunities, work together, and build a better world for future generations.