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Distribution of families by wealth
Year of birth of major income recipient | ||||||||
---|---|---|---|---|---|---|---|---|
1975-1983 | 1965-1974 | 1955-1964 | 1945-1954 | 1935-1944 | 1925-1934 | Pre-1925 | Total | |
% | ||||||||
1999 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 |
Under $10,000 | 70.3 | 32.3 | 17.5 | 11.9 | 11.6 | 9.7 | 9.2 | 19.8 |
$10,000 to $29,999 | 15.1 | 15.8 | 8.9 | 5.9 | 4.9 | 4.1 | 6.4 | 8.7 |
$30,000 to $49,999 | 5.6 | 10.4 | 6.5 | 4.1 | 2.9 | 3.8 | 4.3 | 5.8 |
$50,000 to $99,999 | 4.3 | 17.3 | 15.4 | 10.8 | 7.6 | 8.4 | 11.7 | 12.2 |
$100,000 to $249,999 | 2.9 | 16.0 | 28.7 | 22.6 | 16.9 | 18.6 | 29.2 | 21.1 |
$250,000 to $499,999 | 0.5 | 5.8 | 14.3 | 23.1 | 19.8 | 27.6 | 21.5 | 16.4 |
$500,000 to $999,999 | 0.7 | 1.6 | 6.7 | 15.1 | 22.2 | 19.3 | 11.7 | 10.8 |
$1,000,000 or more | 0.5 | 0.8 | 2.1 | 6.4 | 14.0 | 8.7 | 6.1 | 5.2 |
Median/mean wealth ratio | 7.3 | 34.7 | 50.7 | 56.0 | 59.4 | 70.4 | 58.2 | 42.9 |
Gini coefficient of wealth | …1 | 0.755 | 0.656 | 0.615 | 0.586 | 0.537 | 0.586 | 0.678 |
2005 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 |
Under $10,000 | 45.1 | 20.9 | 12.3 | 10.5 | 9.7 | 6.0 | 7.6 | 17.6 |
$10,000 to $29,999 | 18.1 | 10.6 | 5.8 | 5.5 | 2.4 | 6.5 | 9.9 | 8.3 |
$30,000 to $49,999 | 9.4 | 5.2 | 4.1 | 2.3 | 2.3 | 2.3 | 3.8 | 4.4 |
$50,000 to $99,999 | 13.7 | 15.5 | 10.2 | 6.1 | 6.2 | 6.8 | 9.1 | 10.1 |
$100,000 to $249,999 | 10.3 | 25.4 | 21.3 | 17.7 | 19.2 | 20.6 | 20.1 | 19.2 |
$250,000 to $499,999 | 2.5 | 14.9 | 23.7 | 19.9 | 20.4 | 21.7 | 23.4 | 17.5 |
$500,000 to $999,999 | 0.5 | 5.7 | 13.8 | 22.1 | 25.0 | 23.5 | 17.4 | 14.2 |
$1,000,000 or more | 0.4 | 1.7 | 8.8 | 15.8 | 14.9 | 12.6 | 8.7 | 8.6 |
Median/mean wealth ratio | 26.2 | 50.8 | 48.5 | 58.0 | 64.9 | 68.6 | 60.9 | 42.9 |
Gini coefficient of wealth | 0.840 | 0.655 | 0.667 | 0.602 | 0.568 | 0.531 | 0.576 | 0.678 |
1. Since many families had a negative wealth, the coefficient turned out to be greater than 1.0 and is not shown here. Source: Statistics Canada, Survey of Financial Security, 1999 and 2005. |
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