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The squeezed middle class figure 4 5 20 19 15 22 18 11 0 5 15 20 25 lower income middle income upper income lower income middle income upper income canada oecd 27 29 27 32 15 20 25 30 2005 2015 2005 2015 canada oecd.
What is the income of middle class in canada. Oecd 2019 under pressure. Median income is the point at which half the families in a country earn more and the other half earns less. Classes are sub cultures in a society not strictly tied to income which can overlap sometimes considerably. I m a middle class canadian.
It really struck home one day when i was younger and thinking about the style an. The middle class is a funny thing. According to a recent report by fong and partners inc the middle class lifestyle was common and available to many people 30 years ago but today is only available to the top 10 economic class. Though economists don t have a single definition for it the term does indicate a group of people who stand in the middle of an income distribution.
Economists sometimes use median income to define the middle class. I m a good one to answer. The organisation for economic co operation and development oecd says anyone making between 75 per cent and 200 per cent of the median national income is in the middle class. Who is canada s middle class.
For a single person in toronto victor fong told daily hive that the individual would need to make a gross salary of 102 000 or an after tax income.
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