More than 60 per cent moved out of the bottom and fewer than 60 per cent stayed at the top.
income mobility in canada
Intergenerational income mobility is much higher for children of parents with lower levels of income.
Most Canadians who experience low income do so for only a short period of time over the course of their lives.
Thanks to Canada’s high level of economic mobility, people do not stay at a single income level their entire lives.
The “poor” not only got significantly richer, they got richer faster than the “rich.”
The recent federal budget paints a gloomy misleading picture of Canadian society.