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The Canadian Press
Statistics Canada says the median family after-tax income in 2022 fell compared with 2021, after adjusted for inflation, with young people being the hardest hit.
The agency says the median family after-tax income of Canadians was $60,800 in 2022, up 2.5% from 2021.
But after adjusting for an annual rate of inflation of 6.8%, the figure was down 4% from the previous year.
Statistics Canada says lone-parent families in which the parent was under 25 saw the largest decrease, falling 15.1% in constant dollars to $24,690 in 2022.
People that were younger than 25 and not in a census family saw a 12.9% drop to $17,650 in 2022.
Couple families younger than 25 dropped 9% to $45,070 in 2022.