We get the government we deserve:
Statistics Canada says the median family after-tax income in 2022 fell compared with 2021, after adjusted for inflation, with young people being the hardest hit.
The agency says the median family after-tax income of Canadians was $60,800 in 2022, up 2.5 per cent from 2021.
But after adjusting for an annual rate of inflation of 6.8 per cent, the figure was down four per cent from the previous year.
Statistics Canada says lone-parent families in which the parent was under 25 saw the largest decrease, falling 15.1 per cent in constant dollars to $24,690 in 2022.
People that were younger than 25 and not in a census family saw a 12.9 per cent drop to $17,650 in 2022.
Couple families younger than 25 dropped nine per cent to $45,070 in 2022.
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Few Canadians are immune to the rising cost of living, according to a new report from Statistics Canada, with 9 percent of those in the highest income quintile considering using a food bank.
More:
Almost a quarter of Canadians are so hard up they expect to eat at the food bank this fall, Statistics Canada said yesterday. The rate was higher than reported during the pandemic: ‘This is the first time in 40 years we have seen unemployment so low and food bank usage so high.’
Top that off with the failure to administer a vote-catching lunch plan that would never work.
I can only imagine how poor a financial literacy program helmed by these clowns would pan out.
One could go on and on about government waste.
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