, indicates that these groups have seen the most dramatic declines in their disposable income, with those under age 35 seeing a 2.6 per cent decrease compared to this time last year, and those in the lowest income range seeing a 5.7 per cent drop, on average.their overall net worth decline at the fastest pace of all age groups, down an average of 8.2 per cent from the first quarter of this year to the second.
Disposable incomes have fallen the most for the lowest earners and the youngest people in Canada. Chart from"Inflationary pressures had a negative impact on net saving, regardless of demographic or economic characteristics, as cost-of-living increases outweighed growth in disposable income," StatsCan writes.
And if you people are wondering why young people prefer economic socialism, this is why.
Keep voting for commies. That'll fix it! 🤩😍🤩😍
Tell that to seniors and those on fixed incomes. Lots of help wanted signs out there. What a joke.
Thankfully Trudeau loves to take care of the middle class…
maybe the city could install these to add to the power grid and add power to ttc stops.
Yup, and it's only after it started effecting Gen X and Baby boomers that people finally started giving a damn. For the past few years it was just 'Oh, you young people are so entitled, you just gotta work harder, that's the way of the world'
Vote our liberal