This might not come as a surprise but we were talking home less money at the end of the COVID pandemic.
StatsCan has just released the median income levels for Canadians in 2022. And it took a couple of years to get back to where we were prior to the outbreak.
Now, this might come as a surprise but Saskatchewan did quite well in this report. By the end of 2022, we had the second-highest after-tax median income in the country. Only Alberta had a higher number. A year earlier, we were fourth.
The median income point – that’s where half of us are above and half are below – was $63,100 in 2022. That was the low point from 2019 to 2022.
StatsCan says lower income levels also played into the falling median point with the biggest hit being taken by young, single parent families where the oldest person in the household is under 25 years old. In fact, unlike the bulk of the population, this group hadn’t recovered to pre-pandemic income levels by 2022, three years after it started.
