Canadian Index Of Wellbeing shows 15 years of economic growth means little in everyday lives (video) (HuffPost Politics)

Friday, October 21, 2011

Ottawa - A generation of solid economic growth has meant little in the everyday lives of most Canadians, according to a new index of wellbeing.

The finding is a yellow light for decision-makers that social unrest is just around the corner unless deep changes are made, warns Roy Romanow, the advisory board chairman of the University of Waterloo group that created the index.

The index suggests the middle class, in particular, is eroding.

There are some very, very troubling signs,

Romanow said in an interview.

I think if we continue on this trajectory we're going to have bigger and bigger disparities. You can never build a solid political, social and economic community with wide disparities.

The Canadian Index of Wellbeing is meant to be Gross Domestic Product's (GDP's) alter ego, measuring the quality of life in society in ways gross domestic product does not.

Read the full article at the HuffPost Politics website.

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