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Canajun Finances

My personal views and rants on home finances with a Canadian Perspective

The Disappearing Middle Class In Canada

Posted on 05/14/2007 20:29:07 | Link | Post Comment
More data is coming out of Stats Canada to reinforce the theory put forward by many economists that the "Middle Class" in Canada is disappearing and the gap between the "Haves" and "Have nots" continues to increase. They have in fact published a report Income Inequality and Redistribution in Canada: 1976 to 2004 which is free and an interesting read for those who want to know more about the topic.

You have already heard my rants about how the Government Hates Single Income Families and this survey kind of bears that out. They are measuring Household incomes, and with the demise of the traditional single income family, and the way the tax system rewards dual income families, this "stratification" of the household income levels is not really a surprise. Relatively affluent dual income families are sitting near the top of their data, not so affluent dual income families working hard to get by sit near the middle and bottom of the data, and straight single income families are on the edge of the data, and there is very little "in the middle" any more (my interpretation of the data, you can read it and see what you think).

I think I need to do another analysis of my income from last year and see how much farther ahead I would be if my wife and I had separate jobs, to get the same family income that we currently enjoy.

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