The middle class richer in Canada than in the United States

The CSLS report shows that the 56% of Canadian households at the bottom of the income distribution are actually richer than US households at the same level of income distribution. This comes from lower income inequality in Canada. A look at incomes shows that the least affluent Canadians receive a lot more money than the poorest Americans. In contrast, the wealthiest Americans have a much higher income than the wealthiest Canadians.

The researcher points out that the report does not take into account some elements that would further favor middle-class Canadian households, including health care, which is much more accessible to all classes of Canadians than is the case in the United States. United.

THE AMERICAN MIDDLE CLASS IS SAVING

Commenting on the report, Bloomberg recalls that between 1990 and 2018, according to the World Bank, GDP per capita in the United States grew at the same rate (1.5% per year) as in the European Union and the United States. Organization for Economic Co-operation and Development (OECD).

The much more brutal capitalism practiced in the United States, where income inequality is much greater and the social net much less developed, has not given the expected economic results, Bloomberg analysis. Moreover, the concentration of income growth at the top of the pyramid means that the American middle classes are actually getting poorer relative to those of other developed countries.

The judgment of the Bloomberg analyst is clear: in terms of improving the standard of living of the middle class, most rich countries have done better than the United States and the economic and social policies practiced in the United States is the main cause.