A recent Angus Reid study, reported widely in the news, showed that many Canadians are experiencing financial stress. A large proportion report needing to borrow money to buy groceries, eschewing dental care, and are experiencing hardship in ten other money-related scenarios presented to them. While sadly no one is shocked that a substantial fraction of Canadians is struggling financially, what is surprising is that the study’s estimate of that fraction is considerably higher than the official governmental numbers. The study found that about 16% of the population is “struggling”, while a further 11% is “on the edge” (i.e., at risk of struggling). This gives a total of 27% who are in some sort of financial jeopardy. Whereas, according to the official estimate, 4.8 million Canadians (about 14%) live beneath the line of indigence. Continue reading How Do We Measure Poverty?