CCPA: Making Ends Meet: Toronto’s 2015 Living Wage
Resource Type: Fair Banking
It has been six years since Toronto’s living wage estimate was calculated at $16.60 in 2008.
Since then, the cost of living has gone up: the cost of child care has risen by 30 per cent; rent has increased by 13 per cent; the cost of public transit has grown by 36 per cent. This report updates Toronto’s living wage to reflect what it takes for two working parents with two children to make ends meet in 2015. It’s based on the needs of a family with two parents and two young children ages 7 and 3. Each of those parents needs to earn $18.52 per hour, and work 37.5 hours per week, in order to afford the basics in life in this very expensive city.
Posted April 10, 2015
Source: Canadian Centre for Policy Alternatives