- Comments (15)
- Text Size: Down Up
moneysense.ca, 21/09/09
Feeling wealthy?
Maybe it isn’t the best time to ask that question. After all, recessions have a funny way of making people feel poor. This one is no exception.
Yet there’s some good news for all of us when it comes to our wealth. Canadians are getting richer–albeit slowly. According to MoneySense’s most recent All-Canadian Wealth Test, the average household in this country is 7% richer in real terms than in 2000, during the height of the dot-com boom.
Oh sure, this recession has made a dent in our wallets. Canadians are 10% poorer than they were in 2007, which is the last time we did this study. You can read all about it in the October issue of MoneySense, on newsstands now. The article was written by Roger Sauvé, of People Patters Consulting. Roger is one of the foremost experts on family finances in Canada.
This year MoneySense found that the median net wealth of households is $170,000. That figure represents all your assets (including your home, pension, investments, RRSPs) minus all your debts (including mortgage, student loans, credit card debt).
Of course, wealth varies widely by age. Most of us have very little wealth to brag about in our 20s. We start to build it up in our 30s when we pay off our student debts, buy a house and start to invest. It continues to grow in our 40s, and by the time we reach our mid 50s and 60s, we’ve accumulated an impressive amount of money and assets. The median wealth for people 55 to 64 is $420,000.
If you want to figure out your own wealth and compare it to other Canadians just like you, go to MoneySense.ca. We’ve got two handy calculators that let you crunch the numbers in minutes. Who knows, you may actually be richer than you think.
moneysense.ca, 21/09/09








The best website……
[...]here are some links to sites that we link to because we think they are worth visiting[...]……
Cool Posting…
..This posting was wickid cool…
Websites you should visit…
[...]below you’ll find the link to some sites that we think you should visit[...]……
Awesome website…
[...]the time to read or visit the content or sites we have linked to below the[...]……
Visitor recommendations…
[...]one of our visitors recently recommended the following website[...]……
Great website…
[...]we like to honor many other internet sites on the web, even if they aren’t linked to us, by linking to them. Under are some webpages worth checking out[...]……
Check this out…
[...] that is the end of this article. Here you’ll find some sites that we think you’ll appreciate, just click the links over[...]……
Visitor recommendations…
[...]one of our visitors recently recommended the following website[...]……
Recommeneded websites…
[...]Here are some of the sites we recommend for our visitors[...]…
Links…
[...]Sites of interest we have a link to[...]……
Superb website…
[...]always a big fan of linking to bloggers that I love but don’t get a lot of link love from[...]……
Cool sites…
[...]we came across a cool site that you might enjoy. Take a look if you want[...]……
Visitor recommendations…
[...]one of our visitors recently recommended the following website[...]……
Gems form the internet…
[...]very few websites that happen to be detailed below, from our point of view are undoubtedly well worth checking out[...]……
Official Colon Cleanse…
[...]here are some links to sites that we link to because we think they are worth visiting[...]…