Metrics that matter for people's economic lives
How’s the economy really doing?
There are many commonly used metrics that shed light on that question: unemployment rates, economic growth, inflation, productivity and GDP growth.
But those metrics miss a lot. The structure of our economy is changing, and how Canadians are experiencing it has changed.
In order to really understand the economy, we need to focus on the metrics that matter to people in domains like inequality, affordability, ownership of assets and economic sovereignty.
Is life getting harder for most people? Who is benefiting from economic growth? Can Canadians afford to own assets and build economic security?
There are eight domains that we think merit more attention. We think these tell a more complete story about how the Canadian economy is really doing and how Canadians are experiencing it: investment and profits, home ownership, economic inequality, business ownership and entrepreneurship, savings and assets, labour markets, cost of living, and economic sovereignty.
