The document discusses issues facing millennials according to Paul Young, CPA, CGA. It covers who millennials are, challenges they face regarding housing affordability, student debt, career prospects, and economic issues. Specific issues highlighted include the high cost of housing, difficulty finding careers in their field of study, levels of student debt, and trends of millennials living with parents longer. Solutions proposed emphasize supporting economic growth outside major cities, reducing hydro costs and property taxes, and re-shaping policies around the green belt.

1. ISSUES FACING MILLENNIALS
BY: PAUL YOUNG, CPA, CGA
DATE: OCTOBER 11, 2019

2. PAUL YOUNG - BIO
• CPA, CGA
• Financial Solutions
• SME – Business Process
Changes
• SME – Risk Management
• SME – Close, Consolidate and
Reporting
• SME – Public Policy
• SME – Financial Solutions
• SME – Supply Chain
Management
• Academia – Advance
Accounting, Public Finance and
Advanced Management
Systems
Contact information:
Paul_Young_CGA@Hotmail.com

3. OVERVIEW
Millennials have touch decisions to make in terms of their votes
Carbon Taxation was nothing more than a tax grab. Carbon Tax are regressive of taxes as such hurt the low to middle class more in terms of costs
Millennials need to asked hard questions on jobs and housing.
University and college degree do not guarantee you much in today’s economy. Millennials will need to get used to a job churning market (per Bill
Morneau - http://nationalpost.com/news/canada/get-used-to-the-job-churn-of-short-term-employment-and-career-changes-bill-morneau-says
Millennials also need remember nothing is free. Someone else will pay for your free stuff.

4. AGENDA
Who are the millennials
Issues facing Millennials
Post-secondary Education
Economy and fiscal management
Housing Affordability / Millennials

5. WHO ARE THE MILLENNIALS
• SOURCE - HTTPS://WWW.LIVESCIENCE.COM/38061-MILLENNIALS-GENERATION-Y.HTML
The term Millennials generally refers to the generation of people
born between the early 1980s and 1990s, according to
the Merriam-Webster Dictionary. Some people also include
children born in the early 2000s.

6. ISSUES
FACING
MILLENNIALS
Housing costs (Affordability)
Finding career in their chosen profession
High Student Debt
Staying with mom and Dad longer
Tend to pay cash for things
• Whats APP
• Instagram
Follow social media

7. HOUSING AFFORDABILITY -
MILLENNIALS
• A PROVINCIAL PARTY THAT OFFERS HOPE FOR OVERCOMING THE
HIGH COST OF HOUSING WILL HAVE AN EDGE WITH A GENERATION
OF HIGHLY EDUCATED MILLENNIALS LOOKING FOR A WAY OUT OF
THEIR PARENTS’ BASEMENTS AND INTO THE HOUSING MARKET,
SAYS THE ONTARIO REAL ESTATE ASSOCIATION (OREA).
• AT A TIME WHEN NEARLY HALF THE PEOPLE AGED 25 TO 34 ARE
LIVING WITH THEIR PARENTS, 91 PER CENT OF MILLENNIALS STILL
BELIEVE THAT OWNING A HOME IS A SMART FINANCIAL
INVESTMENT. BUT NEARLY 70 PER CENT OF THOSE IN THAT AGE
BRACKET SAID THEY AGREE OR SOMEWHAT AGREE THAT BUYING A
HOME IN THEIR NEIGHBOURHOOD IS UNAFFORDABLE, ACCORDING
TO OREA RESEARCH PUBLISHED MONDAY.
SOURCE -
HTTPS://WWW.THESTAR.COM/BUSINESS/2018/04/30/MILLENIALS-
RANK-AFFORDABLE-HOUSING-AMONG-TOP-CONCERNS-FOR-
UPCOMING-PROVINCIAL-ELECTION-REAL-ESTATE-STUDY-SAYS.HTML
There are systemic issues with
housing:
• Market valuation
• Bids and asks
• Availability of Land
• Permits and Taxes
• Hydro Costs
• Property Taxes
Next government role
• Supporting economic growth
outside of major cities
• Bringing down the cost of hydro
• Improving transportation
systems
• Re-shaping how to managed the
green belt.
http://business.financialpost.com
/opinion/doug-ford-was-right-
toronto-housing-wont-be-
affordable-unless-we-develop-
the-greenbelt

8. HOUSING PRICES
Who would you trust to make housing more
affordable?
@theJagmeetSingh @JustinTrudeau have
thrown up schemes for housing which will not
fix the issues with affordable housing.
@CPC_HQ has the best option including
reviewing the stress test and 30 yr mortgages
https://www.slideshare.net/paulyoungcga/how-
do-you-make-housing-more-affordable
https://business.financialpost.com/real-
estate/toronto-is-now-the-worlds-second-
most-overvalued-property-
market?utm_medium=Social&utm_source=Face
book&fbclid=IwAR3MB4fX_neOy2Ly9-
B9kf3ONW34Qi0CuqGOxI4rMf3CNbISxPBQa3vJ
1nU#Echobox=1569870173

9. AFFORDABILITY

10. CELL PHONES CBC
I guess CBC miss the memo from Bell Canada about rates,
right?
https://www.slideshare.net/paulyoungcga/5g-network-and-
telecom-costs-whats-next-for-canada
(see slide 20)
CRTC had started working with companies
https://www.newswire.ca/news-releases/crtc-takes-steps-to-
make-lower-cost-data-only-wireless-plans-widely-
available-to-canadians-702937801.html
Govt already provided funding to Nokia
https://www.canada.ca/en/innovation-science-economic-
development/news/2019/01/government-of-canada-invests-
in-research-and-development-for-technologies-behind-5g-
networks.html
Bell Canada has threatened pull back of investment
https://www.cbc.ca/news/business/bell-canada-internet-
1.5252419
Cell phone Cost – Canada
• Canada market is control 97% by Rogers and Bell
• New players would require capital investment in cell towers
• 25% rate reduction is not realistic due to need to upgrade to 5G or
other investments
• CRTC has forced large telecom companies to charge lower
wholesale rates - https://openmedia.org/en/smaller-internet-
providers-are-dropping-their-prices-and-you-can-thank-crtc-it
• Liberal plan for reduction is unrealistic -
https://www.theglobeandmail.com/business/article-campaign-
plans-to-tackle-wireless-pricing-unrealistic-analysts-say/
Source - https://www.whistleout.ca/CellPhones/Guides/canada-phone-
plan-pricing

11. COST OF LIVING

12. EMPLOYMENT (CPC VS LPC)
SOURCE –STATS CANADA

13. TOP CAREERS IN CANADA FOR 2019
SOURCE - HTTPS://WWW.MSN.COM/EN-CA/MONEY/CAREERSANDEDUCATION/THE-20-HIGHEST-PAYING-IN-DEMAND-JOBS-IN-CANADA-FOR-2019/SS-BBUODW9?OCID=SPARTANNTP
Ranking Career Salary
1 Register Nurse $38,500 to
$120,000
2 Software Engineer $48,000 to
$153,000
3 Account Manager $57,000 to
$101,000
4 University
Professor
$29,000 to
$215,000
5 Anesthesiologist $109,000 to
$580,000
6 CPA $42,000 to 103,000
7 Business Analyst $27,000 to
$134,000
8 Engineering
Project Manager
$58,000 to
$122,000
9 IT Project Manager $53,500 to
$170,000
10 Aerospace $49,000 to
$110,000
11 Sales Rep $31,700 to $74,000
Ranking Career Salary
13 Register Nurse $38,500 to
$120,000
14 Industrial
Electrician
$48,750 to $81,500
15 Welder $53,500 to $91,500
16 Airline Pilot $40,200 to
$150,000
17 Optician $38.500 to
$75,500
18 Pharmacist $44,600 to
$144,700
19 Recruiter $20,000 to
$214,000
20 Clinical
Psychologist
$64,500 to
$160,000
21 Construction
Estimator
$21,000 to
$152,000
22 Veterinarian $28,000 to
$175,000

14. POST-SECONDARY EDUCATION
SOURCE - HTTPS://WWW.STATCAN.GC.CA/DAILY-QUOTIDIEN/161123/DQ161123B-ENG.PDF
• The goods producing sector like mfg. and primary metals continues to bleed jobs
• Many grads degrees do not align with openings, i.e. trades or IT or other areas
• Declining enrolment has led to oversupply of teachers.
• Small business tax reforms have hurt startups

15. BLOG ECONOMY AND FISCAL MANAGEMENT – ONTARIO
• HTTPS://WWW.SLIDESHARE.NET/PAULYOUNGCGA/ELECTION-2018-ONTARIO-FISCAL-MANAGEMENT-MAY-2018
• THIS ELECTION WILL BE ABOUT WHO HAS THE SKILL TO RESHAPE GOVERNMENT AND BRING IN POLICIES THAT WILL SUPPORT BUSINESS INVESTMENT IN
THE GOODS PRODUCING SECTOR. NEITHER WYNNE NOR HORWATH POLICIES SUPPORT BUSINESS INVESTMENT AND/OR CAN RE-SHAPE GOVERNMENT
• DOUG FORD TALKS ABOUT WASTE WHICH IS SAME TALK AS MIKE HARRIS HAD IN 2003. WE ARE DIFFERENT ERA WHICH MEANS PEOPLE DO NOT HAVE
THE STOMACH FOR CUTS.
• HTTPS://WWW.SLIDESHARE.NET/PAULYOUNGCGA/ELECTION-2018-ONTARIO-ECONOMY-MAY-2018
BOTTOM LINE:
• ONTARIO IS COMPLETELY BROKEN
• NEITHER WYNN NOR HORWATH WILL MAKE THE NECESSARY ADJUSTMENTS WHEN IT COMES TO DELIVERING PROGRAM SPENDING. BOTH LEADERS WILL THROW
MONEYS AT THE SYMPTOMS
• GOVERNMENT IS TOO BIG AS SUCH CANNOT DELIVER PROGRAM SPENDING IN TERMS OF VALUE FOR MONEY
• LIBERALS POLICIES LIKE CARBON TAXATION, HIGH HYDRO RATES, REGULATIONS, TAXES, ETC. HAVE MADE ONTARIO LESS COMPETITIVE. MORE NEEDS TO BE DONE TO
OPEN ONTARIO BACK UP TO FDI. ONTARIO HAS NEVER RECOVERED THE JOBS LOSS IN THE GOODS PRODUCING SECTOR. ABOUT 75,000 JOBS HAVE BEEN LOSS DUE TO
HYDRO POLICIES - HTTPS://BOEREPORT.COM/2017/11/09/COLUMN-75000-HIGH-PAYING-ONTARIO-JOBS-GO-POOF/
• WYNNE LISTENS TO NO ONE AS SUCH PUSH HER LABOUR REFORMS DESPITE BUSINESS TELLING HER THEY WERE TOO MUCH AND TOO SOON -
HTTPS://WWW.CANADIANMANUFACTURING.COM/HUMAN-RESOURCES/OVERHAUL-ONTARIO-LABOUR-LAWS-LEAVE-BUSINESS-WORKER-GROUPS-UNHAPPY-194189/
• ONTARIO POVERTY RATES ARE ON THE RISE DUE TO FAIL POLICIES OF WYNNE - HTTP://BUSINESS.FINANCIALPOST.COM/OPINION/ONTARIOS-POVERTY-NUMBERS-ARE-
GROWING-AGAIN-THE-OPPOSITE-OF-THE-REST-OF-CANADA

16. GDP / CANADA
GDP has been sluggish for close to a year. Justin Trudeau never
had the solutions for GDP -
https://www.slideshare.net/paulyoungcga/2019-election-gdp-
and-economy-canada-june-2019
Trudeau
comments on
GDP

17. ECONOMY AND THE LIBERALS
from the heart outwards
Economies
do not
grow from
the heart
GDP has many facets to
it. Government cannot
take full credit for GDP.
All government can do
is set policies that
encourage consumer
spending and business
investment.
https://www.slideshare
.net/paulyoungcga/can
ada-fail-experiment-
with-trudeaunomics
The problem since
October 2015 is that
Trudeau has been less
than truthful about the
economy!
Source – BMO, Scotiabank, Federal government and Stats Canada
*** The above excludes the
pension adjustment made in
2018

18. SUMMARY
• TRUDEAU ECONOMICS FAILED TO GENERATE THE PROSPERITY FOR BOTH CANADA AND CDNS -
HTTPS://WWW.SLIDESHARE.NET/PAULYOUNGCGA/CANADA-FAIL-EXPERIMENT-WITH-TRUDEAUNOMICS
• TRUDEAU POLICIES HAVE MADE CANADA LESS COMPETITIVE -
HTTPS://WWW.SLIDESHARE.NET/PAULYOUNGCGA/WHAT-IS-GOING-ON-WITH-CANADAS-COMPETITIVENESS
• CPP CHANGES WILL DO LITTLE UNLESS YOU MAX CP CONTRIBUTIONS FOR 40 YEARS WHICH NEVER HAPPENS -
HTTPS://WWW.SLIDESHARE.NET/PAULYOUNGCGA/2019-ELECTION-RETIREMENT-PAYROLL-TAX-CPP-CANADA-AUGUST-
2019
• TRUDEAU PROMISES TO REDUCE CELL COSTS IS ASPIRATIONAL
• TRUDEAU HAS TOLD THE WORLD CANADA SHOULD BE KNOWN FOR ITS RESOURCEFULNESS AND NOT ITS RESOURCES.
RESOURCES MAKE UP ABOUT 10% OF GDP AND ACCOUNT FOR NEARLY 30% OF THE EXPORTS -
HTTPS://WWW.SLIDESHARE.NET/PAULYOUNGCGA/HAVE-THE-LIBERAL-PARTY-OF-CANADA-SUPPORTED-THE-NATURAL-
RESOURCES-SECTOR
• MILLENNIALS NEED TO ASKED THEMSELVES WHICH PARTY DO YOU TRUST MOST TO MAKE YOUR LIVES BETTER –