Income inequality widens to historic levels in 2024: Statistics Canada

The middle 60 per cent of households fared the worst, seeing their relative incomes shrink by one per cent

OTTAWA — Canada’s ongoing cost-of-living crisis is driving household inequality to historic levels, according to a new economic snapshot from Statistics Canada.

The snapshot, released on Thursday, revealed that income inequality between the top and bottom 40 per cent of households reached 47.0 percentage points in the second quarter of 2024, the largest gap ever recorded since Statistics Canada started collecting this data in 1999.