The Missing Middle Podcast
Cara Stern, Mike Moffatt, and Meredith Martin

Latest episode
218 episodes
- In this episode of Classonomics, Sabrina Maddeaux and Mike Moffatt break down why political promises to give "more money to seniors" actually enrich Canada's wealthiest demographic, the myth that retirees "paid into" Old Age Security, how brutal child benefit clawbacks contrast with generous senior write-offs, and how taking money from young workers is quietly hurting the economy.
Chapters:
00:00:00 The Problem with “More Money for Seniors”
00:02:53 How OAS Works & Why Income Thresholds Matter
00:04:36 The Conservative Payout Plan
00:05:41 Seniors vs. Struggling Young Families
00:08:32 Generational Theft & Economic Drag
00:10:03 Why Politicians Pandering to Boomers Always Win
00:13:23 We’ll Be $3 Trillion in Debt and Still Giving Discretionary Handouts
00:14:37 Stop Giving Wealthy Retirees Welfare
RESEARCH LINKS:
Sabrina Maddeaux column (National Post) — https://nationalpost.com/opinion/sabrina-maddeaux-conservatives-lose-the-plot-with-pitch-for-higher-old-age-security
Old Age Security — overview, amounts, and clawback thresholds (Government of Canada):
https://www.canada.ca/en/services/benefits/publicpensions/cpp/old-age-security.html
Canada Child Benefit — income thresholds and calculation:
https://www.canada.ca/en/revenue-agency/services/child-family-benefits/canada-child-benefit-overview.html
Parliamentary Budget Officer — fiscal analysis of seniors benefits and OAS projections:
https://www.pbo-dpb.ca
Generation Squeeze — generational fairness and intergenerational transfers:
https://www.gensqueeze.ca
Net wealth data: https://www150.statcan.gc.ca/n1/daily-quotidien/241029/t001a-eng.htm
Poverty data: https://www.statcan.gc.ca/en/topics-start/poverty
Parliamentary Budget Office costing: https://www.pbo-dpb.ca/en/epc-estimates--estimations-cpe/45/EL-45-1031563-P
Hosted by Mike Moffatt & Cara Stern & Sabrina Maddeaux
Produced by Meredith Martin
Edited by Sean Foreman and Canadian Civil - In this episode of Classonomics, Sabrina Maddeaux and Mike Moffatt break down whether creating brand-new cities can actually solve Canada’s housing affordability crisis, how our metropolitan numbers compare globally, the failed history of planned-city experiments like Ontario's Townsend and Australia's Monarto, and why central planning can't replace the organic economic realities that make cities thrive.
Chapters:
00:00 Why Doesn’t Canada Build New Cities?
01:23 Canada Is Already Creating New Cities
03:10 Why Smaller Canadian Cities Are Growing Faster
04:37 Does Canada Actually Need More Cities?
09:20 Why Canada’s New City Plans Keep Failing
14:20 Can the Free Market Create New Cities?
16:20 Why Moving People Won’t Solve the Housing Crisis
Research:
UK New towns: https://en.wikipedia.org/wiki/New_towns_in_the_United_Kingdom
Townsend:
https://haldimandpress.com/townsend-the-metropolitan-city-that-never-was/
Monarto:
https://en.wikipedia.org/wiki/Monarto,_South_Australia
Credits:
Mike Moffatt https://twitter.com/MikePMoffatt
https://bsky.app/profile/mikepmoffatt.bsky.social
Sabrina Maddeaux https://x.com/SabrinaMaddeaux
Meredith Martin
https://twitter.com/meredithmartin
https://bsky.app/profile/meredithmartin.bsky.social
Sean Foreman
@seanegertonforeman
https://bsky.app/profile/seanforeman.bsky.social
Cara Stern https://x.com/carastern
https://bsky.app/profile/carastern.bsky.social
University Of Ottawa Co-op Student
Francis Gabriel Carmona
Funded by the Neptis Foundation https://neptis.org/
Brought to you by the Missing Middle Initiative https://www.missingmiddleinitiative.ca/
Hosted by Mike Moffatt & Cara Stern & Sabrina Maddeaux
Produced by Meredith Martin
Edited by Sean Foreman and Canadian Civil - We often talk about how politics caters to seniors at the expense of young people, and that part of the cure is to get more young voices into politics.
But what actually happens when a young outsider puts their name on the ballot for a major party leadership position?
In this episode of Answer Period, former Ontario Liberal leadership candidate Eric Lombardi joins us for a candid conversation about his outsider campaign, navigating the tension between sound-bite politics and deep policy, and the double-edged sword of social media in modern campaigns. We'll dive into the harsh realities facing young political outsiders, what it truly takes to challenge the establishment, and key takeaways for the next generation of leaders looking to make a real impact.
Credits:
Mike Moffatt
https://twitter.com/MikePMoffatt
https://bsky.app/profile/mikepmoffatt.bsky.social
Cara Stern
https://x.com/carastern
https://bsky.app/profile/carastern.bsky.social
Meredith Martin
https://twitter.com/meredithmartin
https://bsky.app/profile/meredithmartin.bsky.social
Sean Foreman
@seanegertonforeman
https://bsky.app/profile/seanforeman.bsky.social
Canadian Civil
youtube.com/CanadianCivil
Co-op Student
Francis Gabriel Carmona
Brought to you by the Missing Middle Initiative https://www.missingmiddleinitiative.ca/
Hosted by Mike Moffatt & Cara Stern & Sabrina Maddeaux
Produced by Meredith Martin
Edited by Sean Foreman and Canadian Civil - Housing affordability is increasingly shaping how young people think about politics, political parties, and the future of democracy.
On this episode of DemograFix, Mike Moffatt and Cara Stern explore what research tells us about the relationship between the housing crisis and young people's political views across North America, Europe, Australia, and New Zealand.
Does declining housing affordability deepen the divide between younger and older voters? Is it pushing young people away from centrist parties, or toward the left or right? And what happens when an entire generation starts to lose faith in its ability to ever own a home?
Mike puts six statements about housing and politics to Cara, drawing on academic research and polling data to explore how housing affordability is reshaping political priorities, polarization, voter engagement, and the desire for homeownership.
Chapters:
00:00 Housing Affordability Is a Global Crisis
01:26 Could the Housing Crisis Radicalize Young Voters?
03:45 Is Housing Widening the Generational Political Divide?
06:24 Is the Housing Crisis Polarizing Young Voters?
10:12 Is Housing Pushing Young People Left or Right?
13:11 How Housing Is Creating a New Class Divide
17:12 Is the Housing Crisis Driving Political Disengagement?
19:38 Do Young People Still Want to Own a Home?
Research/links:
The Dangerous Disillusionment of Young Canadians
https://macleans.ca/politics/the-dangerous-disillusionment-of-young-canadians/
How to lose friends and alienate people: The social and political consequences of Europe’s housing crisis: https://journals.sagepub.com/doi/full/10.1177/17816858241274918
Three inconvenient truths:How to stop housing radicalising the young and killing the political centre
https://www.martenscentre.eu/wp-content/uploads/2025/10/5.pdf
Economy and Space piece
https://pureadmin.qub.ac.uk/ws/files/241804034/0308518x211022363.pdf
What drives support for large-scale housing reform?
https://www.tandfonline.com/doi/full/10.1080/19491247.2026.2630075
Hosted by Mike Moffatt & Cara Stern & Sabrina Maddeaux
Produced by Meredith Martin
Edited by Sean Foreman and Canadian Civil - Join us for an exclusive post-speech interview with Bank of Canada Senior Deputy Governor Carolyn Rogers following her address to the Greater Victoria Chamber of Commerce and CFA Society Victoria.
In this conversation, Rogers sits down to unpack her frank speech on Canada's housing affordability dilemma. We discuss why interest rates are too blunt of a tool to fix housing, how Canada's heavy reliance on residential real estate impacts our national productivity, and what regulatory stress tests actually achieved versus what they couldn't fix. Plus, we dive into the trade-offs of measuring shelter costs in the CPI and what it will genuinely take to untangle the Canadian economy from the housing trap.
Research:
Canada’s housing market / Le marché canadien du logement
https://www.youtube.com/watch?v=8C9jD5xQJdM
Canada’s mortgage market—A question of balance Remarksby Carolyn Rogers at the Economic Club of Canada, November 6, 2024
https://www.bankofcanada.ca/2024/11/canadas-mortgage-market-a-question-of-balance/
Hosted by Mike Moffatt & Cara Stern & Sabrina Maddeaux
Produced by Meredith Martin
Edited by Sean Foreman and Canadian Civil
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About The Missing Middle Podcast
Welcome to the Missing Middle, a podcast about why the middle class in Canada is disappearing. We hope to help you understand why life is becoming unaffordable for so many in this country, and what can be done to reverse course.
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