Low-income, young racking up debt at record pace

Wednesday, June 15th, 2011

Jun 14 2011
Low-income and young Canadians are racking up debt more quickly than seniors and those with higher incomes, according to… the annual study by the Certified General Accountants Association of Canada… Nearly half of lower income respondents, those with incomes under $35,000, reported their debt increasing, compared to one-third of higher income respondents, the study found… About one-third of seniors are retiring with an average debt of $60,000.

Tags: , ,
Posted in Child & Family Debates | No Comments »

Academics critical of skyrocketing pay for CEOs

Monday, January 3rd, 2011

Jan. 3, 2010
The total average compensation for Canada’s 100 best-paid CEOs was $6.64 million in 2009, compared to the average Canadian income of $42,988 and the average minimum wage worker’s income of $19,877… “The skyrocketing level of executive pay in Canada and the U.S. is the primary factor that lies behind growing income inequality.” … it is difficult to connect the dots between the actions of a CEO and the company’s stock price… rather than regulate CEO pay, it may be more effective to change the tax treatment of stock options that are granted to executives.

Posted in Equality Debates | No Comments »