Quote:
Originally Posted by MegaErtz
Have incomes gone up by 30% over the last eight years?
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Tough to tell as we don’t have data for 2021 and 2022 yet but from 2013 - 2020 we have 11.89% inflation and 12% family income growth for economic families.
https://www150.statcan.gc.ca/t1/tbl1...101%2C20200101
https://www.bankofcanada.ca/rates/re...on-calculator/
Using stats can for wage growth and BOC for inflation. Also I should have used BOC inflation for the gas price comparison which is 24% rather than 30. So 1.40 gas is equal to $1.13 in 2013.
So given the latest data we have available family incomes kept up with inflation through the first year of Covid. We have to wait a year or to to get data for today.
So Yes?