Canada is facing a critical turning point as the high cost of living and housing push more people below the poverty line, according to a report from Food Banks Canada. The report reveals that visits to food banks have increased by 50% since 2021, indicating a growing issue of food insecurity in the country.
The 2024 Poverty Report Cards show that almost half of Canadians feel financially worse off than the previous year, with one in four experiencing food insecurity. Food Banks Canada’s chief executive, Kirstin Beardsley, expressed concern over the rising cost of living that is affecting people nationwide.
The report highlights that one in 10 Canadians now live in poverty, a significant increase from previous years. Between 2015 and 2020, Canada experienced a decline in poverty rates, but since 2022, rates have been on the rise due to various economic challenges.
The study also found that 47% of Canadians struggle to navigate the tax system, while a quarter have difficulty accessing social services. The report calls for policy recommendations at both the federal and provincial levels to address poverty, including measures such as rent controls and youth employment programs.
Despite the alarming statistics, the report notes that government responses have been inadequate, resulting in a downgrade of Canada’s poverty rating from a D to D-. The country received failing grades for housing affordability, access to healthcare, and adequacy of government supports.
In conclusion, the report underscores the urgent need for action to address the growing issue of poverty and food insecurity in Canada. It calls for a comprehensive approach to support those in need and improve the overall well-being of Canadians.