Mr. Speaker, the House should take note of an alarming new report from Statistics Canada. The report, “The Evolution of Wealth Inequality in Canada, 1984-1999”, shows that young families with children are falling behind and struggling to provide for their families and their future.
From 1984 to 1999 real wealth for young families declined by 36%. To emphasize the point, families with a mom and dad aged 25 to 34 had a net worth of $44,000 in 1984. In 1999 the net worth of young families had declined to a little over $30,000, $14,000 less.
Statistics Canada has proven that the economy under the Liberal government is punishing young families who are struggling to raise the next generation of Canadians. Is this the legacy the Prime Minister wants?