Families in BC poorer than their parents

A new study released by the Canadian Centre for Policy Alternatives has found that today's poor and middle class families in BC are in worse financial shape than their parents’ generation. The study finds that 60% of families with children are earning less than their counterparts in the late 1970s, while incomes for the wealthiest 10% have increased dramatically. The result is a widening gap between the rich and the rest of the population. The study used Statistics Canada income data from 1976 to 2006 so it doesn't even account for the recent economic downturn.

“These findings point to a disturbing growth of inequality in this province,” Iglika Ivanova, the report's author says, “and they help explain why even during our recent economic boom, many people have found it hard to get ahead. This study shows us that economic growth does not automatically translate into higher incomes for most people, especially for those at the lower end of the scale.”

More Information

"60% of B.C. families poorer than their parents" - March 10, 2009, National Union of Public and General Employees

"Growing gap in family wages" - March 11, 2009, 24 Hours