Income Disparity On Canada
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Canada the source for global inequality data.
Income disparity on canada. In december 2013 president obama called america s growing income gap the defining challenge of our time whether the income gap is a problem or a challenge is something for another article. On average between 1998 and 2010 real median household income in canada grew by 1 2 per year while america s declined by 0 1 per year. Ccpa published a report in 2018 that indicate that the net worth of the 87 richest families in canada was 4 448 times higher than the average canadian in 2016. All figures in this article are in canadian dollars.
Open access high quality wealth and income inequality data developed by an international academic consortium. The 500 per week cerb became a lifeline to more than 8 million canadians. Was similar to that in japan new zealand and australia. 500 canadian dollars is equivalent to 382 in u s.
Based on comparative work by the oecd heisz notes that in 2008 canada with a gini coefficient of 0 324 ranked in the middle of oecd countries in terms of the level of after tax family income inequality. Income inequality is not a new concept in canada nor does it apply strictly to ceos. However the question of whether the income gap at least in canada is indeed growing is something i wish to address here. When making international comparisons comparing raw income levels between countries is a murky practice because of fluctuating exchange rates and differences in the cost of living.
And was below that in the united kingdom.
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