Canada's Parents Out of Pocket in Kids' Schooling Costs, Says BMO

10:35 AM EDT, 09/04/2025 (MT Newswires) -- Bank of Montreal (BMO) said it has noted for a while now that "the kids aren't alright" when it comes to youth/student job market conditions in Canada.

As to the parents, inflation for education-related items continues to outpace the broader consumer price index and has done so steadily since 2000, stated the bank.

Since then, broad prices are up 72%, but tuition (+110%),

textbooks/supplies (+83%) and courses/tutoring (80%)

have all run hotter, pointed out BMO. This excluded the costly sports sector.

However, the post-pandemic inflation burst has actually

been relatively friendly toward education-related costs --

that is, inflation elsewhere was even more rampant, added BMO.

The other bit of good news is that the median family income

has managed to outpace education costs over the past

5-, 10- and 25-year periods, according to the bank.

However, constant upward pressure is still a factor stressing the affordability of younger families, along with housing and feeding teenagers, noted BMO.

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