2023-06-18 12:55:12
“Food and housing are hitting young people hard on the market”: a phenomenon on the rise, where young people are finding it increasingly difficult to make it financially, while inflation is constantly on the rise.
For the agri-food industry specialist at Dalhousie University, Sylvain Charlebois, this is an increasingly striking phenomenon.
When July 1 arrives, the housing situation is not easy for young people. According to him, the only solution is to move to find a suitable price, or even share with roommates.
Grocery shopping is no longer a habit for this clientele, who prefer to turn to fast food to save money. “They make a compromise in terms of nutrition, because it costs a lot more to maintain a quality of life,” explains Mr. Charlebois. However, the phenomenon of reduflation is well recognized among consumers, as costs go up, but serving size goes down.
The solutions to save on groceries?
The solutions are simple: “we must know the choices available to us, there are more choices than we think,” he notes.
One way to save would be to turn to public or independent markets, places where food is much less expensive. “The margin between the prices in big-box stores and the public market has shrunk in 2-3 years with inflation”, specifies the specialist.
Another way to save is to avoid food waste. Eating leftovers should be a habit. “Don’t forget them, consume them! You have to eliminate the leftovers, because it’s still money,” adds Sylvain Charlebois.
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