Tags: canada | middle class | richer | america

Canada Middle Class Richer Than Middle-Class America: Report

Tuesday, 22 Apr 2014 05:21 PM

By Jonna Lorenz

Canada’s middle class is now richer than middle-class America, according to a New York Times analysis.

The report examined surveys during the past 35 years, revealing that income growth among the wealthiest Americans is outpacing peer nations, while income growth among lower- and middle-income Americans is falling behind.

Urgent: Do You Approve Or Disapprove of President Obama's Job Performance? Vote Now in Urgent Poll

The report pointed to three factors that put America behind Canada's middle class: Education attainment has risen more slowly in the United States than in other countries; companies in the United States distribute a smaller share of earnings to middle-class and poor Americans than companies in other countries; and governments in other countries are taking more aggressive steps to raise the pay of low- and middle-income earners.

Douglas Porter of BMO Nesbitt Burns told The Globe and Mail that the recession has been greater in the United States than in other countries, and United States economic policy contributes to stronger gains in good economic times and weaker gains in poor times.

An article in The Atlantic points to housing as a key factor, stating that household wealth in the United States took a big hit with the housing collapse, while Canada is experiencing a housing boom.

Twitter users were take up new residence after the report.









Urgent: Assess Your Heart Attack Risk in Minutes. Click Here.

Related Stories:

© 2015 Newsmax. All rights reserved.

Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
You May Also Like

Judge Denies Rick Perry Request to Toss Abuse-of-Power Case

Tuesday, 27 Jan 2015 20:30 PM

A judge denied Rick Perry's defense team's request to dismiss a felony abuse-of-power case on constitutional grounds Tue . . .

Dementia, OTC Link: Study Examines Effects of Certain Common Drugs

Tuesday, 27 Jan 2015 20:25 PM

A recent study has found a link between dementia and some common over-the-counter (OTC) drugs. . . .

'Ghostbusters' Female Cast Revealed, But Reactions Are Mixed

Tuesday, 27 Jan 2015 19:39 PM

The all-female cast for a new "Ghostbusters" film is taking shape, with Melissa McCarthy signing on and Kristen Wiig, Le . . .

Top Stories

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved