Saskatchewan residents appear to be taking less home than in years past.
Latest figures from Statistics Canada show the median after tax incomes for families and single individuals fell 2.3% in 2016.
Publisher of SaskTrends Monitor Doug Elliott says there are several factors contributing to the decline.
And if you’re looking for a time for when that decline began, you don’t have to go far back to find it. just 2015.
“Our resource based economy started to go south on us,” said Elliott. “Employment stopped increasing, there were some layoffs, the folks that had jobs were working fewer hours.”
Elliott says while the decline of the economy has been hard for all, but no one has been more greatly impacted by this as much as single people.
“Because there’s only one source of income for that family, one potential source, they got hit the hardest,” said Elliott. “The economic families, also saw a decline, but it wasn’t as large.”
Despite the decrease, Saskatchewan still has the second highest median after tax income in the country. The province has mean income of $ 59,700 dollars, a distant second to only Alberta, who’s median income is sitting at just over $70,000 dollars.