The data makes a strong case for basic income programs, say experts.
While COVID-19 wreaked havoc on the labour market, income inequality saw a significant decrease thanks in large part to pandemic support programs — which led to a growth in household after-tax income, according to new census data released Wednesday by Statistics Canada.
Canadian incomes trended higher in 2020, except in Alberta and Newfoundland and Labrador, according to StatsCan. The median after-tax household income increased 9.8 per cent to $73,000 in 2020 compared to the previous national survey five years ago, when median household after-tax income grew 4.5 per cent from 2010 to 2015.
About two-thirds of Canadian adults received payments from relief programs such as the Canada Emergency Response Benefit . The decline of income inequality from 2015 to 2020 was accompanied by a decrease in the percentage of Canadians living with low income. Overall, 11.1 per cent of Canadians were in a low-income situation in 2020, down from 14.4 per cent in 2015 — the largest decline of any five-year period since 1976.
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