There is a slight hollowing out of the middle class in Canada.
The '2 parents-2 kids' stereotype is not representative of the middle class anymore.
The majority of middle-income Canadians live in Ontario or Quebec.
Most middle and higher-income families are headed by a man but decreasingly so.
Heads of middle-income families are getting older ... and more educated.
The market does not reward middle-income families so well ... as a result they get an increasingly smaller share of the earnings pie.
The wages of middle-income workers have stagnated ... and they get lesser government support for work transitions.
Middle-income Canadians are no more likely to move up than down the income ladder.
Wealth is not distributed equally among the middle class ... and middle-income families are increasingly vulnerable to financial shocks.
Basic needs account for a large proportion of middle class' spending ... and many in the middle mortgage their future to sustain their current consumption.
A relatively small proportion of middle-income households experience material deprivation.
... over the medium term, middle-income Canadians are unlikely to move to higher income brackets i.e. the 'Canadian dream' is a myth more than a reality.
(Source: Employment and Social Development Canada, obtained by The Canadian Press under the Access to Information Act)Suggest a correction