Living Standards examines Nova Scotian's average and median incomes and wealth, distribution of income and wealth including poverty rates, income fluctuations and volatility. It considers economic security, including labour market security, and housing and food security.
Our living standards should reflect our capacity to transform economic growth into stable current and future income streams for everyone. Economic growth does not automcatically translate into better living standards. A higher average income, for example, may be achieved at the cost of increased social inequality or greater economic insecurity. In contrast, achieving greater job quality, reducing poverty, and providing basic affordable housing and food security to indivduals and families will raise wellbeing for everyone.