Capturing the Full Picture: The Case for Using the MBM, LIM, & MDI
When it comes to measuring poverty among older Canadians, income alone doesn’t tell the whole story.
The Market Basket Measure (MBM), the Low Income Measure (LIM) and the Material Deprivation Index (MDI) that each provide a different perspective on poverty and the cost of living. Together, they provide a clearer, more complete understanding of what it really means to struggle financially later in life. This new infographic breaks down how each metric works, what it reveals, and why all three are essential to shaping informed policy and support for ageing Canadians.
