Oct 23, 2012
By Bob Komsic
A new study on well-being suggests our quality of life is being hammered by the recent recession despite the growth of Canada’s GDP.
The Canadian Well-being Index shows that quality of life in Canada deteriorated by 24 per cent between the onset of recession in 2008 and 2010, but the gross domestic product dropped a little more than eight per cent during that time.
Former Saskatchewan premier Roy Romanow, who co-chairs the index’s advisory board, says the index reveals long-term declines in environment and leisure time, as well as a sharp, sudden drop in living standards.