Who has a chance to build wealth?

Net worth is what a family owns, less what it owes. These survey results show the middle net worth of each age group, with price changes removed.

Median net worth by the top earner’s age

Time covered: 1999 — 2023

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The first set is a choice, not a ranking. Missing values are not zero.

Showing: 1999 — 2023

Main earner under 35

159,100Last point · 2023 · Median net worth, 2023 Canadian dollars

Main earner aged 35–44

409,300Last point · 2023 · Median net worth, 2023 Canadian dollars

Main earner aged 55–64

873,400Last point · 2023 · Median net worth, 2023 Canadian dollars
  • Main earner under 35 159,100
  • Main earner aged 35–44 409,300
  • Main earner aged 55–64 873,400
Main earner under 35 · 1999: 30,000 · Median net worth, 2023 Canadian dollarsMain earner under 35 · 2005: 27,500 · Median net worth, 2023 Canadian dollarsMain earner under 35 · 2012: 32,600 · Median net worth, 2023 Canadian dollarsMain earner under 35 · 2016: 43,000 · Median net worth, 2023 Canadian dollarsMain earner under 35 · 2019: 56,400 · Median net worth, 2023 Canadian dollarsMain earner under 35 · 2023: 159,100 · Median net worth, 2023 Canadian dollarsMain earner aged 35–44 · 1999: 161,200 · Median net worth, 2023 Canadian dollarsMain earner aged 35–44 · 2005: 198,800 · Median net worth, 2023 Canadian dollarsMain earner aged 35–44 · 2012: 235,600 · Median net worth, 2023 Canadian dollarsMain earner aged 35–44 · 2016: 268,600 · Median net worth, 2023 Canadian dollarsMain earner aged 35–44 · 2019: 270,800 · Median net worth, 2023 Canadian dollarsMain earner aged 35–44 · 2023: 409,300 · Median net worth, 2023 Canadian dollarsMain earner aged 55–64 · 1999: 457,300 · Median net worth, 2023 Canadian dollarsMain earner aged 55–64 · 2005: 598,200 · Median net worth, 2023 Canadian dollarsMain earner aged 55–64 · 2012: 688,900 · Median net worth, 2023 Canadian dollarsMain earner aged 55–64 · 2016: 819,200 · Median net worth, 2023 Canadian dollarsMain earner aged 55–64 · 2019: 797,000 · Median net worth, 2023 Canadian dollarsMain earner aged 55–64 · 2023: 873,400 · Median net worth, 2023 Canadian dollars
19992023

Median net worth, 2023 Canadian dollars · The marks show the survey’s 95% range of doubt.

Dots show six survey years. Each bar through a dot shows the source’s 95% range. There are no values or lines for the years between surveys.

Dated study · Checked:

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Median net worth by the top earner’s age · Median net worth, 2023 Canadian dollars
TimeAll ages of main earnerLow end of the rangeHigh end of the rangeMain earner under 35Low end of the rangeHigh end of the rangeMain earner aged 35–44Low end of the rangeHigh end of the rangeMain earner aged 45–54Low end of the rangeHigh end of the rangeMain earner aged 55–64Low end of the rangeHigh end of the rangeMain earner aged 65 and upLow end of the rangeHigh end of the range
1999176,800169,000183,90030,00024,90036,700161,200147,400175,700315,100292,100334,600457,300412,200499,200349,400323,700374,700
2005217,800202,600233,90027,50019,10033,800198,800164,400226,800340,500316,100401,500598,200528,500683,000445,100384,500489,200
2012314,700298,600335,60032,60026,50043,800235,600213,100282,700488,400441,500556,100688,900616,500763,800594,600552,600629,900
2016361,000343,300376,50043,00033,60053,400268,600239,100302,200528,700470,200596,000819,200749,400888,800632,600593,100669,300
2019381,100361,800403,10056,40045,90068,400270,800240,200302,600602,000542,900668,800797,000742,200853,300627,500579,400665,300
2023519,700502,100539,800159,100125,000181,900409,300373,000445,300675,800608,100737,500873,400789,000947,400738,900701,300774,600
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Why this matters

We want more people to build assets and have a buffer for hard times. Track young families as well as older ones. Gains at the top do not tell us how everyone lives.

What we want to change

Make room for homes people can rent or buy. Show the full costs and risks of loans. Help people build wealth without a bet on ever-rising house prices.

Back a plan for change

Sources

  1. Statistics Canada · 11-10-0016-01 ↗

    Source released:

  2. Statistics Canada · Survey of Financial Security, 2023: population and methods ↗

WAKE UP CANADA

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Who has a chance to build wealth?

Net worth is what a family owns, less what it owes. These survey results show the middle net worth of each age group, with price changes removed.

Keep the source, date and notes with the image.

Checked:

What this does not show: The survey covers ten provinces. It leaves out reserves, other Indigenous settlements, the territories and some group homes and institutions. Read the source for the full scope. These are different samples, not the same families followed over time. Net worth includes home and private pension assets, less debts. Public pension promises are not assets in this measure.

wakeupcanada.ca/en/data/wealth-by-age/
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Sources and notes