toronto

Toronto ranked best city in the world for young people

Toronto has already been named the best and most liveable city in the world this year. Now, we can add another superlative to our roster because apparently Toronto has the best economy for young people, according to Accelerating Pathways (PDF), a new study commissioned by the Citi Foundation.

The report, completed by the Economist Intelligence Unit, ranked 35 cities on a Youth Economic Strategy (YES) Index based on 31 quantitative and qualitative factors, such as cost of living, ease of opening a new business and gender inequality. Toronto did well in many categories, and ultimately took the top spot ahead of New York and Chicago.

"These results reflect, and arise in part from, a recognition of the importance of the youth economic environment to the city as a whole," reads the Accelerating Pathways report.

However, as the Toronto Star reports, the study showed that Toronto has a relatively high youth unemployment rate. And, it also indicated that our young people are rather pessimistic about their economic prospects.

What do you think of these results? Let us know in the comments.

Photo by typicalmitul in the blogTO Flickr pool.


Join the conversation Load comments

Latest in City

House of the week: 18A Westmount Park Road

Toronto's new subway line is all lit up and ready to go

It's going to feel like -20C in Toronto tonight

Toronto is still kind of shocked that it snowed

City of Toronto inspecting blue bins to see if you're recycling

Havoc reigns on GO Transit lines during snowy commute

Toronto TV host fired for Fox News appearance

Here's a map of all the unreal holiday lights in Toronto