This release of the distributions of household economic accounts (DHEA), which provides new data up to the third quarter, shows that less wealthy households (the lowest two wealth quintiles) and those with a younger major income earner are holding onto gains in net worth (wealth) acquired earlier in the pandemic.
While the DHEA provide important insight into economic well-being in Canada, the results in this release focus on the trends in wealth for an average household with certain socio-economic characteristics, such as by wealth quintile and age group. Not every household, even those with similar characteristics, necessarily experience the same economic or financial situations.
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