Wednesday, September 2nd19.5°C
26775
26753

Commentary text of internal gov't report on Cda's struggling middle class

OTTAWA - An internal federal government report from last fall chronicles the economic struggles of Canada's middle class. Here is the text of the running commentary that accompanies the tables and graphs in the document, entitled "What we know about the middle class in Canada":

There is a slight hollowing out of the middle class in Canada.

The '2 parents-2 kids' stereotype is not representative of the middle class anymore.

The majority of middle-income Canadians live in Ontario or Quebec.

Most middle and higher-income families are headed by a man but decreasingly so.

Heads of middle-income families are getting older ... and more educated.

The market does not reward middle-income families so well ... as a result they get an increasingly smaller share of the earnings pie.

The wages of middle-income workers have stagnated ... and they get lesser government support for work transitions.

Middle-income Canadians are no more likely to move up than down the income ladder.

Wealth is not distributed equally among the middle class ... and middle-income families are increasingly vulnerable to financial shocks.

Basic needs account for a large proportion of middle class' spending ... and many in the middle mortgage their future to sustain their current consumption.

A relatively small proportion of middle-income households experience material deprivation.

... over the medium term, middle-income Canadians are unlikely to move to higher income brackets i.e. the 'Canadian dream' is a myth more than a reality.

(Source: Employment and Social Development Canada, obtained by The Canadian Press under the Access to Information Act)

The Canadian Press


Read more Business News




Recent Trending




Today's Market
S&P TSX13545.25+63.35
S&P CDNX550.05+2.08
DJIA16351.38+293.03
Nasdaq4749.98+113.87
S&P 5001948.86+35.01
CDN Dollar0.7538-0.0007
Gold1132.20-6.50
Oil45.95+0.54
Lumber235.60+0.60
Natural Gas2.638-0.064

 
Okanagan Companies
Pacific Safety0.22+0.05
Knighthawk0.010.00
QHR Technologies Inc1.19+0.01
Cantex0.04-0.01
Anavex Life Sciences1.25-0.07
Metalex Ventures0.055+0.005
Russel Metals20.87-0.34
Copper Mountain Mining0.61-0.01
Colorado Resources0.075-0.010
ReliaBrand Inc0.0045+0.0005
Sunrise Resources Ltd0.02+0.00
Mission Ready Services0.08-0.01
Decisive Dividend Corp2.62+0.12

 





FEATURED Property
2346568553 Carnoustie Drive
2 bedrooms 3 baths
$899,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Agree to ask questions

Photo: Thinkstock.comThe STORY: I think, said Janet to herself, that I just figured out a solution to my problem of letting the prospect run the meeting.With that thought in mind, she got out of her c...


Your business is not a bank

Photo: Thinkstock.comYour plumbing business is not a bank. But when you are giving terms to customers that exceed what you get from your suppliers, you become one. And every time that someone does not...


Begin with the end in mind

Photo: ContributedWe humans love our dates: birthdays, anniversaries, 9/11, the Ides of March - our lives are intimately woven within the tapestry of the calendar. So it should come as no surprise whe...

_








Member of BC Press Council


27074