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Old 09-02-2023, 10:56 AM   #8274
flamesfever
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Quote:
Originally Posted by opendoor View Post
Part of the problem is, what does that even mean? In the same poll, 60% of respondents said their personal finances were "good" or "very good", which is pretty tough to reconcile with 47% effectively saying they have zero money (at least by my understanding of that term).

It's similar to the "50% of Canadians are $200 away from insolvency" at the same time as the median household having a $350K net worth and insolvencies barely budgeting despite high inflation creating tons of unexpected expenses for people.
I think you have to ask the question, "What factors separate the two groups you talk about?" or put another way, "What factors contribute to poverty in Canada?". They are:

1. Lack of education

2. Lack of skills

3. Lack of family support

4. Lack of jobs, or low paying jobs e.g. minimum wage, part-time, no benefits

5. Children

6. Inequality

7. Indigenous people

8. Recent immigrants

9. People with disabilities, including mental health and addiction issues

10. Etc.

Last edited by flamesfever; 09-02-2023 at 05:56 PM.
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