Is Canada’s middle class shrinking — or does it just feel that way

Is Canada’s middle class shrinking — or does it just feel that way

Computer programmer David Galvin should be the quintessential beneficiary of next week’s federal budget, which is expected to continue the Liberals’ persistent rhetoric and focus on bolstering the middle class.He is educated, has had a career in advanced technology and lives in the economic heartland of southern Ontario.

But Galvin no longer includes himself in the middle class.

Like a growing number of Canadians, the 65-year-old from Hamilton says he has fallen behind — and that’s a challenge, experts say, to Prime Minister Justin Trudeau’s approach to fiscal policy.

A recent poll conducted by Ekos Research for The Canadian Press suggests fewer than half of all Canadians now identify as members of the middle class — a steep drop from nearly 70 per cent in 2002

In Galvin’s hometown of Hamilton, 22 per cent said they’ve fallen behind in their social class in the last five years. That was the highest concentration in the country, tied with Halifax and Kitchener.

Another 55 per cent of Hamilton respondents said their situations haven’t improved over the last five years.

Is Canada’s middle class shrinking — or does it just feel that way?

Source URL
http://business.financialpost.com/news/economy/budget-to-focus-on-middle-class-as-fewer-canadians-identify-as-middle-class
Author Name
Gillette