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Majority of Canadians now have more debt than savings, StatCan says. Here’s why the wealth gap is widening (www.thestar.com)
submitted 8 months ago by [email protected] to c/[email protected]
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[-] [email protected] 13 points 8 months ago* (last edited 8 months ago)

spoilerChart showing Canada's wealth distribution by income level

I feel like this chart tells a pretty clear story about where all our affordability issues are coming from.

I also suspect if the top quintile were separated out into it's own graph of this nature, it would probably have a similar look where the majority of the wealth held by that 20% is held by the top few percent of the group.

[-] [email protected] 2 points 7 months ago

Just for personal reference, do you know when the statistics for this graphic were collected?

[-] [email protected] 2 points 7 months ago

According to the article it's Q3 2023. From what I can tell the data is drawn from here, which is sourced from the National Balance Sheet Accounts which are updated quarterly.

[-] [email protected] 2 points 7 months ago

Thank you

this post was submitted on 23 Jan 2024
45 points (97.9% liked)

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