Paper Summary:

The following paper will look at whether or not inflation impacts lower-income Canadians more so than it does higher-income Canadians. After reviewing the evidence, it certainly appears as though the results are mixed; consequently, what one buys or the services one seeks - more so than one's tax bracket - determine the impact of inflation upon a household. In other words, the rising or falling cost of electronics or tuition will play a more significant role in shaping the health of a family budget for younger households than it will for older households not impelled (or at least prompted) to acquire such things. At the same time, costs in energy or housing costs will be greater for fixed-income senior citizens than they will be for younger, more robust groups in society. Once again, inflation does not the poor harder than the wealthy (or vice-versa) but, instead, it hits people hard or not so hard depending upon the products they purchase or need to purchase.

From the Paper:

LAUGHING Have you ever decided to look up a word in the dictionary- a word you've "known" all your life but never really explored what the "official" meaning might be? I look up the word "laugh." It surely is one of the emotions we have lived with since we first were tickled in a bassinette and our lips sort of parted and we gurgled. "To laugh- (1) to express amusement, hilarity...by expressions of the face and by a series of explosive sounds made in the chest and throat" (Funk & Wagnall's 721). Yet, there is serious psychology about laughter: "laughter is primarily a social vocalization that binds people together. It is a hidden language

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