It's Official, Quebecers Are Totally Broke

Broke as a joke, one might say.
It's Official, Quebecers Are Totally Broke

Having wad loads of cash to blow at bars, on vacation, or on any frivolous source of enjoyment is a dream we all share. I'm not talking about being rich, rather, just having enough disposable income to relish in the finer things in life. Unfortunately, in Quebec, that dream probably won't be a reality.

Why? Well, to put it simply, it's because Quebecers are kinda-sorta broke. Or in fancier terms, those living in Quebec have a fairly low disposable income. The lowest in Canada, actually.

In a report published the by Institut de la statistique du Québec, which ranked the average disposable income of residents in all Canadian provinces for 2014, our fair province was placed at the bottom of the list.

To put things in perspective, the average Quebecer's disposable income (after taxes and other deductions) came to $26,046 in 2014.

In contrast, residents of Alberta, who boast the nation's highest disposable income, enjoyed $40,495 of disposable dollars in 2014, on average.

Despite getting the lowest-spot ranking, Quebec isn't doing all that bad in relation to some of Canada's other provinces. PEI and New Brunswick clocked in with $26,368 and $26,912, respectively, only a few hundred dollars more than Quebec's average disposable income.

Explaining their findings to CBC, the Institut de la statistique du Québec stated that Quebec's disposable income-issue is largely due to the province's salaries (Canada's lowest) and the rate of deductions for things like pension plans.

And don't think that Montreal is exempt from these findings. In a breakdown of the province's municipalities and disposable incomes, Montreal placed fifth overall, with a per-capita disposable income of $26,481, barely above the provincial average.

Montérégie took the province's top-spot, with an average disposable income of $27, 246.

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