By Matthew Van Dongen
Widening income inequality is hurting our poorest residents and our democracy, says a new report from the Social Planning and Research Council of Hamilton.
The report shows the average income of the city’s richest residents has grown by almost half since 1982, compared to a meagre increase of about 2 per cent for most of the rest of the population.
Specifically, the top 1 per cent of richest Hamilton-area residents make an average of $406,000, while the bottom 90 per cent pull in an average of about $31,000.
Article source: Hamilton Spectator