Loading ...9 Percent of Canadians in Highest Income Quintile Considering Using a Food Bank: StatCan
EPOCH TIMES…PAYWALLED
Few Canadians are immune to the rising cost of living, according to a new report from Statistics Canada, with 9 percent of those in the highest income quintile considering using a food bank.
Data from spring 2024 shows that while 42 percent of Canadians are concerned over rising food prices, about nine percent of those in the highest income bracket report they may have to turn to a food bank or similar community organization for help. That number rises to 14 percent for those in the second-highest income bracket, StatCan said.
Nearly half of Canadians report struggling to meet day-to-day expenses, up 12 percentage points from 2022 to 45 percent.
The survey found that the number of Canadians who feel “quite a bit” or “extremely” stressed over financial issues increased slightly since 2022, from 33 percent to 35 percent this year.
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>>about nine percent of those in the highest income bracket report they may have to turn to a food bank or similar community organization for help<<
While the above stat reveals the sorry state of Canada's inflation ridden economy, it speaks poorly of well off Canadians. These relatively wealthy people simply cannot manage their money. I surmise they overspend on useless trinkets, fancy automobiles, fashionable attire, entertainment, vacations, etc. They demand of the world more than they deserve, and give back to the economy less than they owe. In short, they are selfish.
I know of people who earn a minimum wage. They are generous to the less fortunate as much as they are able, and still manage to put something aside for a rainy day. They are more likely give to the food bank than take.
They are frugal, they are honest, and they are happy. And yes, they have faith in the Divine.
Dude, it's not about how much you make, it's about how much you save – and how much you give back. That tithe is returned to you many, many fold. Cosmic justice.