Wealth Scale

A wise banker told me once that having a high income does not make you rich, owning assets and minimizing liabilities makes you rich.

It’s easy to gauge where you are on the scale in terms of income, but you may have to put some time in to figuring out your net worth.

 


 

Canadian Household Net Worth

Poorest 20% Lower-Middle 20% Middle 20% Upper-Middle 20% Richest 20%
Canada $97,776 $206,011 $313,456 $474,944 $1,119,481