> The average Canadian is better off than he or she was a generation
> ago. In 1976, average income was $51,100; by 2009 it was $59,700-an
> increase of 17 per cent over 33 years, after adjusting for
> inflation.
Is that family income or individual salary/wage income? If the
former, any increase in the average may be due to an increase in
number of dual-income families. Not a big win. IIRC, dual-income was
not the typical or default case in 1976.
> But average income does not necessarily reflect how the majority of
> people are doing; ...
Just so.
> ...instead, some analysts suggest using median
> income-the income level that divides the group into two equal
> parts. Median income grew by only 5.5 per cent over the same period.
Same question: family or individual? And it's still tricky. Median
ticks upward if below-median people get raises to above-median or new
above-median jobs are created. Not, though, if the few at the top
just get their already big incomes tripled.
But what do I know?
- Mike
--
Michael Spencer Nova Scotia, Canada .~.
/V\
[email protected] /( )\
http://home.tallships.ca/mspencer/ ^^-^^
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