student debt

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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