Canadian Wealth Chasm Widens: Top 20% Now Claim 65.7% of Net Worth
StatsCan data shows the wealth gap widened, with the top 20% capturing 65.7% of total net worth, and the income gap between the top and bottom 40% hitting 46.7 percentage points in 2025.
Commenters sharply divided on blame. Some accuse the system, arguing that "assets are going up in value, while the dollar purchasing power is going down," directly blaming the central banking system ("GodofLies"). Others push back, pointing to historical data; "Scotty" noted that the top 10% account for roughly 60% of wealth, suggesting Canada's position is less extreme than the USA's 69%.
The core tension is systemic failure versus historical context. While the initial data suggests a significant, worsening disparity, the counter-arguments pull the focus to international comparisons and economic stability trends, leaving the cause—policy failure or normal market dynamics—unresolved.
Key Points
The wealth gap is worsening, evidenced by 2025 data.
HellsBelle cited the top 20% holding 65.7% of net worth and the income gap reaching 46.7 points.
Central banking is destroying purchasing power.
GodofLies argued the gap widens because asset values climb while the dollar's power decreases.
The current gap levels are comparable to international peers.
Scotty used the World Inequality Index to show the top 10% hold ~60%, less than the US's 69%.
Critiques demand action beyond focusing on mere disparity.
nirodhaavidya pointed out the discussion rarely considers the savings amounts of lower-income individuals in isolation.
The trend is predictable given current policy inaction.
C4551E suggested the worsening economy is expected due to 'no meaningful change in economic strategy.'
Source Discussions (3)
This report was synthesized from the following Lemmy discussions, ranked by community score.