
This article was last updated on April 16, 2022
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According to the numbers published in a latest report of Statistics Canada, it is indicated that money is a matter of life and death for young Canadians, as it shows that poorer Canadians are more likely to die. The federal agency traced the mortality rates of 2.7 million Canadians that were aged 25 or older between the data from 1991 to 2006. Out of the group it was identified that a 16 per cent, or 426,979, died by the end of the study period.
However, further dividing those in the group that were in top 20 per cent for family income were most likely to still be alive after 15 1/2 years, and the trend shows that the probability of that decreases along with the income ladder. It was highlighted that those falling in the second-highest fifth of people for income were 12 per cent more likely to die during the study period than those in the richest category. Whereas there was a 21 per cent more chance of death for those in the third highest income group, while 35 per cent for the fourth, and 67 per cent for the poorest group.
A researcher at Statistics Canada’s health analysis division, and a co-author of the report, Michael Tjepkema, stated that “it is accurate to say that lower-income people are more likely to die at a younger age.” He explained that “I think the study speaks to the fact that these income inequalities, in terms of health, are quite consistent across a wide range of causes of death.”
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