The Canadian Centre for Policy Alternatives released a new study today comparing the expenditures of rich and poor Canadians. This approach is interesting because inequality is typically measured in terms of income or wealth.
Conservatives sometimes claim that, while temporary fluctuations in income or asset values create the appearance of massive inequality at any given point in time, consumption (and hence ourÂ standard of living)Â is far more stable and egalitarian. Therefore, documenting the huge disparities in consumer spending is an important contribution to the debate.
The Toronto Star reports the study in todayâ€™s business section (page B3), concluding with a little colour commentary from yours truly.