Hope you realize that Sunday is Father’s Day, formerly, the year when the most collect (i.e. reversed charges) phone calls happened (I bet there are folks who are going to have to Google what that means). As I have said, all Dad’s want is to know you are OK. As long as your Mother knows everything, Dad just wants to know you are OK.
Stats Canada published a neat survey about the Diversity of young adults living with their parents (speaking of Father’s Day), which highlights the number of young folk still living with their parents. The telling statistic that I read in the report was:
Of the 4.3 million young adults aged 20 to 29 in 2011, 42% (or 1.8 million) lived with their parents. This compared with 27% in 1981.
That is a lot of folks still living at home. Some financial folks are saying it is a symptom of the problems with the housing bubbles in major cities, I don’t think I agree. I have stated before that young folk should not aspire to live at their parents’ lifestyle when they first move away from home, but that seems to have fallen on deaf ears.
Given the rhetoric coming out of the United States about whether Mr. Trump gets elected, remember that Canada welcomes everyone (however leave your guns down south). My guess is that this could be like the Draft Dodgers that moved to Toronto in the mid-60’s, and help the Canadian economy greatly. I guess another interesting question is if there was a sudden influx of “Yankee Dollars” would this cause even more inflation of the housing bubbles in Toronto and Vancouver (likely places for our American cousins to move)? A ludicrously over-priced condo in Toronto might seem cheap, if you got a 25% discount due to a low Canadian Dollar.
My Writings for Week Ending June 17th
Not much writing this week, busy time of the year, and after watching the Last Week Tonight Video, I am starting to wonder why I write.
Stealing an idea from Mr. Oliver, I wrote No Good News Has Been Delivered Using Excel, now don’t take this as me dumping on Excel, it is an exceptional tool, which anybody doing anything financial should be proficient in using the tool. My commentary is based on the fact that if someone sends you an Excel spreadsheet, the news in it cannot be made to look good.
Video of the Week
Normally I include a video at the end of this article, but John Oliver has (in 20 minutes) summed up pretty much everything I have ranted about for the past 11 years, so have a watch of this, but keep reading my stuff too