Comments on: Canadian Incomes Declined For The First Time In Four Years https://betterdwelling.com/canadian-incomes-declined-for-the-first-time-in-four-years/ Canada’s Fastest Growing Real Estate News Source Sun, 04 Jun 2017 13:54:00 +0000 hourly 1 By: This Week’s Top Stories: Canadian Debt Gets Worse, Retirement Funds Are $400 Trillion Short, and Vancouver’s Domestic Investors | WewUnik World https://betterdwelling.com/canadian-incomes-declined-for-the-first-time-in-four-years/#comment-4011 Sun, 04 Jun 2017 13:54:00 +0000 https://betterdwelling.com/?p=6118#comment-4011 […] Canadian Incomes Declined For The First Time In Four Years […]

]]> By: This Week’s Top Stories: Canadian Debt Gets Worse, Retirement Funds Are $400 Trillion Short, and Vancouver's Domestic Investors | Better Dwelling https://betterdwelling.com/canadian-incomes-declined-for-the-first-time-in-four-years/#comment-4008 Sun, 04 Jun 2017 13:30:13 +0000 https://betterdwelling.com/?p=6118#comment-4008 […] Canadian Incomes Declined For The First Time In Four Years […]

]]> By: Gregory https://betterdwelling.com/canadian-incomes-declined-for-the-first-time-in-four-years/#comment-3933 Mon, 29 May 2017 17:01:13 +0000 https://betterdwelling.com/?p=6118#comment-3933 I would expect Median Income to Fall for awhile…major Demographic forces at work.

Average Boomer is now 61 years old….retiring at a rate of 8-10k per day (in the US).

Millennials the next largest group, average age is 26 — much lower incomes, but rising more rapidly…that pulls down the Median as they are now in Household formation years.

Also, the long-term trend towards more single households (is shrinking the household size, ie. less income)…. in the 50’s only 7% of households were head up by single people – now it’s 29%. More Single professional women, divorce, people living longer etc… === all equal continued pressure on “median family income”

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