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Rising incomes aren’t being shared as widely as they should: Editorial

5 11 0

Let’s start with the good news. On average, most Canadians are doing considerably better than they were a decade ago.

According to Statistics Canada’s 2016 census, median incomes rose by an impressive 10.8 per cent over the decade from 2005 to 2015.

That’s an improvement from the recent past. In the decade before that, incomes were up 9.2 per cent. And it’s far better than the decline of 1.8 per cent between 1985 and 1995.

But hold the applause. Behind that rosy picture of prosperity are some troubling facts and figures that governments across the country must address.

First, not everyone shared in the growing prosperity. In fact, the share of Canadians living in low-income households actually increased slightly to 14.2 per cent (that’s 4.8 million people) from 14 per cent in 2005.

Seniors fared the worst, with 14.5 per cent living in poverty, up from 12 per cent in the previous decade.

And while the percentage of children living in poverty was down........

© Toronto Star