"We can't allow things that are inaccurate to stand." — The Word of Our Dan, February 19, 2008.

Tuesday, September 22, 2009

$7500 (I)

According to the 2006 census, there were 86,130 individuals in Newfoundland and Labrador, 15 years of age or older, whose personal income in 2005, from all sources, was less than $7,000.

That's 20% of the population.

Another 20,740, or 7%, had income in 2005 of between $7,000 and $9,999.

Admittedly, many youth and PSE students are included in that cohort, and their low incomes will skew the results downward. Conversely, the guaranteed incomes from public sources for seniors 65 and older mean there are fewer seniors, in percentage terms, in the lowest income brackets than there are in the population as a whole.

Looking then at just the working-age population between 25 and 64, 14% of individuals, in 2005, had an annual income of less than $7,000. Another 6% had incomes higher $7000 or higher, but less than $10,000. Working-age individuals who earned less than $10,000 accounted for nearly 60,000 of the just under 300,000 people in those age brackets.

Individuals earning $80,000 or more that year accounted for 3% of the general population age 15 and over, and just over 4% of the working-age population.

Source: Statistics Canada, 2006 Census of Population, Statistics Canada catalogue no. 97-563-XCB2006005.


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