14 August: A new research brief from the Toronto Foundation reveals that young adults in Toronto, aged 18 to 29, are facing severe challenges related to mental health, financial instability, and social isolation. The report underscores that this age group is struggling disproportionately compared to older residents.
Key Findings:
- Financial Strains: 40% of individuals in their twenties expressed concerns about affording rent or mortgages, a significant increase from the 22% among those aged 30 and older. Food bank usage among this group also surged six-fold in 2023 compared to 2019, while it tripled for those 30 and older.
- Mental Health Issues: 45% of twenty-somethings reported their mental health as fair or poor in the past year, compared to 33% of their older counterparts. Additionally, 44% reported feeling lonely at least three days a week, whereas only 31% of those 30 and older experienced similar loneliness.
- Increased Isolation: The brief noted a correlation between higher screen time and symptoms of depression and anxiety, although the causation remains unclear.
Context and Implications:
The brief reflects worsening conditions since 2020, exacerbated by the pandemic and rising inflation rates. The cost of living and financial pressures have made it increasingly difficult for young adults to manage their education, work, and personal lives.
Stachen Lett-Frederick, Executive Director of Frontlines Toronto, reported a doubling of young people seeking assistance from her organization between 2022 and 2023. She highlighted the critical need for improved economic stability to support mental well-being among young people.
Recommendations:
The Toronto Foundation suggests several measures to address these issues:
- Employers should promote in-person work to combat social isolation, offer training and mentorship, and provide better mental health support.
- Social service providers and policymakers are encouraged to enhance in-person services, invest in community-building activities, and create vibrant spaces to foster connections among young adults.
The brief emphasizes that while financial challenges are substantial, the impact of social isolation is equally damaging but more manageable through increased face-to-face interactions and community engagement.
