Economy to grow, but in danger of being one with diminished expectations

Despite a focus on families, there is little discussion on how to counter the prospect of a decline in living standards and growing inequality.

TORONTO—As gasoline, electricity, food, and other prices keep rising while incomes stay flat, families are facing a painful squeeze on their budgets which can only make many of us feel poorer. The danger is that we could be facing a decade of lean years.

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