survey of financial security

Canadian families experience robust growth in net wealth despite high debt

Julian Beltrame / Canadian Press

Canadian families have become wealthier over the past several years, with net worth rising despite the well-documented growth in household debt and a setback from the recession, a new Statistics Canada study shows.

In a report that takes a long view on the state of Canadian finances, the agency finds that the 2012 median net worth among family units — of two or more persons and unattached...

Canada’s family wealth gains look “fragile”

Don Curren / Wall Street Journal

If you divide Canadian families up into fifths in terms of net worth, the lowest quintile had net assets of about 1,300 Canadian dollars ($1,170) in 1999.

In 2012, it was actually below that; the overall worth of the lowest 20% of families declined 15.4% to C$1,100 by 2012, according to the “Survey...

New StatsCan wealth data points to persistent economic inequality

Statistics Canada released today the Survey of Financial Security (SFS), providing Canadians with the first comprehensive snapshot of wealth and wealth distribution in the country since 2005.

While Canadian’s net worth has increased significantly since 2005, mostly due to increases in housing prices, the real story is one of persistent economic inequality and rising debt.

The top twenty percent of Canaidans have over 67% of the net wealth. The bottom 60%, in contrast, have...

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