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chemgear · 02-23-2014, 08:14 PM

http://www.cbc.ca/news/canada/canada...debt-1.2548633

Canada's middle-class is mortgaging its future to stay afloat, making the Canadian dream "a myth more than a reality."

That's the blunt assessment of an internal Conservative government report, an unvarnished account of the plight of middle-income families that's in contrast to the rosier economic picture in this month's budget.

The report also refers to debt, saying "many in the middle spend more than they earn, mortgaging their future to sustain their current consumption."

"Over the medium term, middle-income Canadians are unlikely to move to higher income brackets, i.e., the 'Canadian dream' is a myth more than a reality."

02-23-2014, 08:14 PM	#219
chemgear Franchise Player Join Date: Feb 2010 Exp:	http://www.cbc.ca/news/canada/canada...debt-1.2548633 Canada's middle-class is mortgaging its future to stay afloat, making the Canadian dream "a myth more than a reality." That's the blunt assessment of an internal Conservative government report, an unvarnished account of the plight of middle-income families that's in contrast to the rosier economic picture in this month's budget. The report also refers to debt, saying "many in the middle spend more than they earn, mortgaging their future to sustain their current consumption." "Over the medium term, middle-income Canadians are unlikely to move to higher income brackets, i.e., the 'Canadian dream' is a myth more than a reality."