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Age—the main driver of wealth inequality in Canada

What drives wealth inequality in Canada? That’s a central question of a recent Fraser Institute study authored by Christopher Sarlo, Nipissing University professor of economics. The study should help inform a public debate that is often filled with misperceptions.The misperceptions are based on some variant of the following statistics. The top 20 per cent of wealthy households in Canada own about 67 per cent of all the wealth, while the bottom 20 per cent of households own less than one per cent. This imbalance has led some to conclude that our economic system is fundamentally flawed.But that conclusion is misplaced.

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