Friday, September 27, 2013

"Income inequality remains high in Canada & USA" or "Rich-Poor gap or divide is high in Canada & USA"

People in developing countries may imagine that everyone in the developed countries is rich. However, this is not true. There is a rich-poor divide in Canada and USA as well. And it seems that the gap is increasing / remains steady at a high level. In any case, it is not decreasing.

Useful links:

Incomes for the bottom 90 per cent of Canadians averaged just $28,000, according to the report. In contrast, the top 10 per cent took home an average of $135,000. And the top 1 per cent pocketed $381,000.

Average incomes in Canada:
$28,000 --> Bottom 90%
$135,000 --> Top 10%
$381,000 --> Top 1%
1/4 of US income --> Top 1%
3/4 of US income --> Bottom 99%

40% of wealth --> Top 1%
60% of wealth --> Bottom 99%

The top 1 percent may have the best houses, educations, and lifestyles.

No comments: