Is the Pain of the K-Shape Economy Bleeding Into the Middle Class? - National

Is the pain of the K-shape economy bleeding into the middle class? - National

Canada's middle class appears to be struggling, with new data showing more are taking on debt as financial pain bleeds out into broader sections of the economy.

Is the pain of the K-shape economy bleeding into the middle class?

Canada’s middle class appears to be struggling with the higher cost of living, with new data showing more are taking on debt as financial pain bleeds out into broader sections of the economy. It comes as the so-called “K-shape” economy continues to underscore a widening wealth divide between Canada’s highest and lowest income groups, with Equifax reporting debt among Canadians with higher credit scores is rising. “There’s more of a divergence ha…