Government benefits helped lower-income households afford rising cost of living: PBO

The parliamentary budget officer says lower-income households maintained their purchasing power despite high inflation with help from government benefits.

The parliamentary budget officer says lower-income households maintained their purchasing power despite high inflation with help from government benefits.

In a report released Thursday, the PBO analyzed how the purchasing power of households at different income levels changed between the final quarters of 2019 and 2022.

The report says all households saw an increase in purchasing power over those three years, rising by five per cent overall.