According to an internal report produced by the Conservatives.
Quote:
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 wages of middle income workers have stagnated," it says, referring to the period from 1993 to 2007. "Middle-income families are increasingly vulnerable to financial shocks."
The authors say middle-income families have seen their earnings rise by an average of only 1.7 per cent a year over the 15 years ending 2007.
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This just isn't sustainable. I don't have the solution but I think we're going to see some real social unrest occurring in the next 5-10 years.