Quote:
Originally Posted by opendoor
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.
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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.