You had to top $201,400 to become a Canadian one percenter
According to Georgia Straight: “It’s apropos that Statistics Canada would release data on incomes on the day after the Davos economic summit ended in Switzerland. It turns out that Canada’s top one percent of income earners collected, on average, 11.74 times as much as the other 99 percent in 2010. In addition, the top one percent pocketed 10.6 percent of the national income that year. To make it into the top one percent in Canada, a person had to make $201,400. That’s 37 percent higher than 1982, when the national agency began researching this data.
Back then, the median income of the top one percent was seven times higher than the 99 percent. By 2010, that gap has widened to 10 percent, though it’s down from 11 percent in the early 2000s. In this report, Statistics Canada did not address the disparity in net worth of the high-income earners versus the low-income earners.”
Source: Georgia Straight
Tags: canada, income disparity, low-income, poverty