Canada’s Richest 1% Nearly As Wealthy As Poorest 80%

https://sh.itjust.works/post/56913475

Canada’s Richest 1% Nearly As Wealthy As Poorest 80% - sh.itjust.works

19% would be the complacent middle class 🤮

19% would be the complacent middle class 🤮

Hot tip - that’s most Lemmy users. I’m guessing there’s also people in the top 0.9 kicking around.

Edit: Aaaand yup, there’s cope in the comments.

Socialists are mostly the champaign kind now, although that doesn’t make them wrong, neccesarily. Honestly, I have trouble picturing the old days when the kind of people I live around would have voted left.

What qualifies as “middle class” these days? Roughly 24% of Ontario public sector workers are on the sunshine list. While this doesn’t give us a ton of insight into the private sector, this would still suggest that if we say the 19% is the middle class that to be middle class you have to be making more than $100k/year…

Not trying to argue, just trying to understand where the goalposts are.

The problem with the sunshine list is that it never changes with inflation. It’s basically become a tool for morons to hate on the “overpaid” public sector instead of calling out their own underpaying employers.

Oh, absolutely. I’m just trying to use it as a marker to try to figure out where the goal posts should be for what we are calling “middle class.”

I have a friend who works in central Ontario for a fortune 500 and they take home ~80k/year, and I’ve considered them and their family middle class for a while, but they also were telling me that they’re overextended and struggling to keep up on interest payments…while also being denied a consolidation loan. So maybe they are not really middle class…?