Quote:
Originally Posted by llama64
My family managed just fine for 20 years making a total of 30 to 40k a year.
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Upto 20 years ago....
This -
http://www.socialplanningtoronto.org...ts/Poverty.pdf - info is for Toronto from 2002.
Note, for a family of 4, the LICO (low income cut off) is just over $36 grand. For 5 people, its $40 grand. Its a couple years old, but I think that it gives you the idea....
So if you say 50 grand, in 2002, a family of 5 would just be over the LICO rate.
In 2005, according to Stats Canada, a family of 5, in a city the size of Calgary (well, 500,000 and over) the LICO rate is $44,000. So, given that this number is a couple of years old, and given the context of Calgary and its growth....50 grand/year is at the poverty line.
http://www.statcan.ca/english/resear...MIE2006004.pdf