A quarter century of progress has resulted in the average
Canadian earning a raise equivalent to the cost of a family night out once a year at Swiss Chalet.
Not exact matches
According to the Growing Gap, a study by the
Canadian Centre for Policy Alternatives, «In 2004, the richest 10 per cent of families
raising children
earned 82 times more than the poorest 10 per cent — almost triple the ratio of 1976, when they
earned 31 times more.»
Some of the paper covers territory long ago identified by
Canadian retirement guru Malcolm Hamilton, who repeatedly argued that many retirees would need to replace closer to 50 % of their working income than the 70 or 80 % the financial industry portrays — just because many costs disappear later in life: mortgage payments,
raising and educating children, commuting and clothing costs, and even retirement saving itself and the high taxes that accompany high
earning.
Throughout the book you'll meet fellow
Canadians who all struggle with the demands of life (
raising kids, paying down debt,
earning more income) while finding a multitude of ways of making retirement savings a reality.