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.
The top 1 percent may have the best houses, educations, and lifestyles.
Useful links:
- http://www.thestar.com/opinion/commentary/2013/09/26/growth_of_inequality_in_canada_cannot_be_denied.html#
- http://www.vanityfair.com/society/features/2011/05/top-one-percent-201105
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%
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In USA:
1/4 of US income --> Top 1%
3/4 of US income --> Bottom 99%
Also,
40% of wealth --> Top 1%
60% of wealth --> Bottom 99%
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