Last week, BC proposes to punish students who default on their loans. GenSqueeze was also in the news with articles that point to some often overlooked consequences of the squeeze. Read on for more and please share your thoughts or other articles we’ve missed.
A proposed law in BC will attempt to recoup some of the $185.5 million in outstanding student debt. However, critics point out that BC has the highest rate of interest on student loans in the country and younger Canadians struggling to make ends meet may lose their jobs if they can’t renew their licenses.
Vancouver Sun, Feb. 26 2015
Paul Kershaw argues that the pressures on younger Canadians, like working long hours, expensive housing, and potentially long commutes to more affordable neighbourhoods are further isolating people as they struggle to find time to socialize. Vancouver is making efforts to encourage connections between residents to decrease loneliness and boost civic engagement.
Metro, Feb. 27 2015
Research shows that socio-economic conditions like the generation squeeze can have a harmful affect on children, especially those under six years old. Therefore, the squeeze could be affecting two generations at once.
Courier Islander, Feb. 27 2015
This letter to the Editor argues in favour of a lobby for younger Canada because British Columbia has amassed a budgetary surplus by shortchanging younger Canadians.
Times Colonist, Feb. 24 2015