Wealth Gap Bigger than Canadians Imagine

Jeremy J. Nuttall, The Tyee

Canadians are unaware of the size of the growing wealth gap in the country, a new report from the Broadbent Institute says.

The report is to be released today along with a YouTube video narrated by Ed Broadbent, the former federal New Democrat leader for whom the research institute is named.

The report describes inequality as an issue "that crosses all geographies and demographics."

It says that Canadians underestimate the vastness of the wealth gap, holding "clear misconceptions about how deep inequality is in the country."

The findings come from a survey of 3,000 Canadians, aged 18 and over, conducted online by Greenberg Quinlan Rosner, a research and consulting firm. The respondents agreed to participate beforehand so the survey was not random.

Broadbent Institute executive director Rick Smith said the survey shows that Canadians believe that, in an ideal world, the wealthy would earn about three times more money than poor.