wealth gap in canada took off in early 90’s
researchers found that the levels of income inequality in the united states started to take off in the 1940s, when the first baby boomers were born, despite people thinking that income inequality was a primarily ‘90s and 2000s issue, zheng said.
that is actually seen in canada, where between 1993 and 2008 the richest group of canadians increased their share of wealth, while middle and lower class canadians lost money, according to the conference board of canada.
the board also used the gini index for its research, suggesting that inequality was relatively low in the 1980s but has remained almost the same since the 2000s. the board also says that in the 1950s and ‘60s, the richest one per cent of canadians owned only about eight per cent of all income growth.
income inequality may impact everyones health
in the american trends, zheng says that the rise in inequality is mirroring adult health issues in both sets of data used for the study. the researchers also found that for every 0.01 gini unit increase, there was a three per cent increase in physiological dysregulation when looking at the cdc’s data.
this essentially means that as the gini increased, people’s overall health decreased.