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Introduction to Income, Prosperity & PovertyEconomic development in a region needs to be enjoyed by all of its citizens. Regional development involves creating a place for individuals, companies and families to prosper. The gap between the rich and poor is widening and broadening in many communities, including Niagara. Read the rest of this entry » The Low Income Cut-Offs (LICO) Poverty MeasureThe Low Income Cut-Off (LICO) is a measure based on total income before or after tax and is expressed as the percentage of families or persons 15 years and over who live below the LICO level and live in poverty. Read the rest of this entry » The Gap Between the Rich and the Poor and for Different GroupsThe gap between the rich and the poor is widening in Niagara, as in all parts of Canada. According to the National Council of Welfare (2006), in 2004 for every $1 earned by the poorest 10% of families with children, the richest 10% of families with children earned $14.48. Read the rest of this entry »
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