income and wealth class as their parents has increased significantly.The report, released Wednesday by Statistics Canada, measured the incomes of five different cohorts of children born between the 1960s and 1980s, as well as that of their parents.It found that intergenerational income mobility — the degree to which a person’s income and wealth could move further from that of their parents — had declined across all of the cohorts.
Poverty in Canada was bad pre-coronavirus. Experts worry what will come next Children born in the 1960s to the wealthiest generation, baby boomers, were more likely to remain in the wealthiest income class.