The corporate and neo-con propaganda machine worked overtime to frame all of this as good for the “economy” — an abstract notion that translated in reality as good for corporations. - 51 per cent of Canadian employees would be in real financial trouble if their paycheck were delayed by a week. A week. - A quarter of those surveyed said they couldn’t pull together even $2,000 to deal with an emergency. - Almost half said they were spending all their income — or more — on basic family needs. The savings rate is now below four per cent — it was 15 per cent in the 1980s. Personal debt is at record levels, some 160 per cent of annual income. And no wonder: the real income gain of the average employee between 1980 and 2005 was a measly $52 — two dollars a year. The only thing keeping many families afloat is rising house prices. But 17 per cent of mortgage holders will be under water if rates rise just 1.5 per cent. - Since last autumn, Canada has created 50,000 part-time jobs but lost 20,000 full-time positions. - Almost two-thirds of us are working more than 45 hours a week — 50 per cent more than two decades ago. - 23 per cent of working Canadians are highly satisfied with life. That’s half as many as in 1991. - working families effectively have no family life
Posted on: Tue, 23 Sep 2014 23:01:33 +0000
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