Dollars and SenseNews
Canadians’ Wealth Significantly Tied to Their Parents’
Source: David Lao, globalnews.ca, February 15, 2021
Children born to the wealthiest generation, baby boomers, were more likely to remain in the highest earning income class.
A new study has found that the likelihood of Canadians staying within the same income and wealth class as their parents has increased significantly.
The report, released Wednesday by Statistics Canada, measured the incomes of five different cohorts of children born between the 1960s and 1980s, as well as that of their parents.
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