Are families getting richer?

Author

Marie Drolet, René Morissette, Xuelin Zhang

Organization

Statistics Canada

Published

2002

Summary

Wealth is an important measure of financial well being. It provides resources that can be converted into cash to satisfy consumption needs. Furthermore, financial assets can allow a family to absorb the shock of economic stress, such as the loss of a job, sickness, or divorce. Did changes occur in the wealth of Canadian families between 1984 and 1999? Did the rich continue to get richer? Using data from the Assets and Debt Survey and the Survey of Financial Security, this study examines whether the gap between high-wealth families and low-wealth families increased during this 15-year period.

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Source: Consumer Policy Research Database

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