Story perspectives

Record Income Gap Revealed: Wealthiest Surge, Poorest Struggle

7/29/2025

37 4

Summary

Story summary

Statistics Canada reveals a record income gap in Canada, with a 49-point disparity between wealthiest and poorest households in Q1 2025.
The top 20% experienced a 7.7% increase in disposable income, while the bottom 40% struggled with stagnant wages and rising costs.
Employment rates have decreased since early 2023, leading to lower wage growth and increased long-term unemployment.
Unionized workers benefited from higher wage growth, emphasizing the role of collective bargaining in addressing income inequality.

1 of 1

Story summary

Statistics Canada reveals a record income gap in Canada, with a 49-point disparity between wealthiest and poorest households in Q1 2025.
The top 20% experienced a 7.7% increase in disposable income, while the bottom 40% struggled with stagnant wages and rising costs.
Employment rates have decreased since early 2023, leading to lower wage growth and increased long-term unemployment.
Unionized workers benefited from higher wage growth, emphasizing the role of collective bargaining in addressing income inequality.