Canadians experienced “extraordinary changes in their economic well-being” during the pandemic as they gained thousands of dollars more from COVID-19 support payments than they lost in wages, according to new data from Statistics Canada.
During one three month period last year, young and middle-aged households generally gained around $3,000 more through support measures, particularly the Canada Emergency Response Benefit (CERB), than they lost in earnings. At the same time, middle-income earners in the second-lowest quintile earned additional income at roughly $2,500.
“These changes were driven by unprecedented increases in transfers to households, as the value of government COVID-19 support measures exceeded losses in wages and salaries and self-employment income.
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