Most Albertans feel worse off compared to parents' generation

By The IJ Staff | July 25 2019 09:30AM

Most Albertans, ages 55 and younger, feel their generation is worse off than that of their parents, found new research from ATB Financial.

The survey for ATB’s Perch found that 61 per cent of Gen-Xers and 57 per cent of Gen Y feel this way. This compares to only 24 per cent of Baby Boomer respondents who feel their generation is worse off than their parents' generation.

The survey for ATB’s Perch also found that 65 per cent of respondents under the age of 55 are worried they won't have enough money when they retire. The percentage is lower among Boomers, but 48 per cent of them do worry about not having enough money for retirement.

"We sometimes get carried away with generational stereotypes, but it is useful to know how different generations tend to view the world, including the economy and the workplace," said Rob Roach, author of the Perch study and Director of Insight at ATB Financial. "This knowledge helps us understand where the differences lie between the age groups, how they relate to one another and how prevailing attitudes and behaviours might change over time. It's information that is invaluable for anyone working to strengthen the Alberta economy."

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