Canada ranks 12th on the income inequality indicator
The society report card developed by The Conference Board ranked Canada seventh (7th) among 17 industrialized countries on how it treats its citizens. According to the report:
“Canada ranks 12th on the income inequality indicator. Income inequality rose markedly in the 1990s before stabilizing in the early 2000s. Since 1990, the richest 20 per cent of Canadians has increased its share of total national income, while the poorest and middle-income groups lost share.…
“Canada ranks 15th on both child poverty and working-age poverty indicators. The child poverty rate of 15.1 per cent is higher than it was in the mid-1990s. Canada’s rate of working-age poverty increased from 9.4 per cent in the mid-1990s to 11.1 per cent in the late 2000s. Compared to its peers, Canada had the third highest increase in the working-age poverty rate during this period. As a result, Canada’s grade for this indicator slipped from a ‘C’ to a ‘D’ ”.
Source: Georgia Straightcanada, income disparity, low-income, poverty