Sunday, May 06, 2007

Not So Good News


The rich get richer and the rest of us run in one place says the latest Stats Can report.

Incomes for senior families and single people remained virtually unchanged, the report showed, at $40,400 and $21,400 respectively.

However, the report also noted that the gap between the highest-income and lowest-income families in Canada widened to $105,400 in 2005, up from $83,800 in 1980.

The gap between the families with the lowest and highest incomes, an indication of income inequality, widened during the past decade, the agency said

Average after-tax income in 2005 was $128,200 for the 20% of families with the highest incomes, compared with $22,800 for the 20% with the lowest.


SEE:

Canada's Wealthy, Still

Productivity

Taxes

Wealth


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