Our friends at The InvestorsObserver research team have looked into how gold affordability has changed over years when compared to American wages. Parallels can be drawn between Canada wages and gold affordability.
They found that despite steady rises in US dollar salaries, the average American’s purchasing power, when measured in ounces of gold, has plummeted by 77% since 1998.
Gold-adjusted income shows the real purchasing power.
Interestingly, by 2012, even the most prosperous states had wage levels equal to poverty thresholds from just 15 years earlier, revealing the erosion of real wealth, and a plummet to what used to be perceived as poverty level.
What about Canada wages?
