Good day for the millionaires and billionaires of the country.
Rest of us…how we doing folks?
ExotiquePlayboy on
If Elon Musk walks into a room, everybody becomes a billionaire
Otherwise_Meeting491 on
If only the average Joe benefited form that…
Conscious_Candle2598 on
Canada is. The citizens the live in it? Not so much.
FrothyEspresso on
Not for us regular everyday suckers living the fucking grind.
-ATF- on
Well, we used to be in the top 7.
Gym_frere on
People on Reddit are convinced that Canada is poor. Meanwhile these thousand dollar World Cup tickets are selling out, restaurants are packed, concerts are packed, airports are packed, malls are packed.
Yet another indication that Reddit isn’t real life.
Lightcronno on
What percentage of Canadians make up this metric
**Group**
**Share of Canada’s net wealth**
**Top 1% of families**
**~24%**
**Top 10% of families**
**~53%**
**Top 20% of families**
**~69%**
**Middle 40%**
**~27.6%**
LLM estimation from from the Parliamentary Budget Officer’s 2025 update using its High-net-worth Families Database.
IMAWNIT on
Interesting how avg we are 13th but median we are 7th.
Comparison USA avg is 2nd but median is 29th.
DaveyGee16 on
And most of that wealth is tied up to a non-productive asset: housing. Cuz it’s ridiculously expensive.
We aren’t really wealthy, we’re essentially a house-poor NATION.
Individual_Sun_7070 on
seeing the difference between avg and median is interesting
Small-Wedding3031 on
Is 13th by average wealth and 7th by median wealth, but then again, it includes house values into consideration…
extremisveritas on
Is that wealth with us in this room now.
canadianshane123 on
That’s great news, but we can and will do better.
DoorNational5903 on
Celebrate, peasants…
chronistus on
Third spot is “Western Europe” and then top spot is Switzerland. Seems inconsistent to go from countries to regions to countries again…
KimuraXrain on
I don’t uhhh. it doesn’t feel that way?
PopeSaintHilarius on
Stats on average wealth per adult (in USD), according to a bank in Switzerland:
* Switzerland: $910,382
* United States: $696,277
* Canada: $399,886
* Western Europe: $330,000
That said, the thing about averages is that high outliers can skew the data upwards.
For example, Elon Musk alone, with his 1 trillion in personal wealth, accounts for about $3,000 of the US average wealth (1 trillion divided by 350 million Americans).
Some other stats from the article:
* global personal wealth rose by 10.8 per cent in 2025.
* 1.5 per cent of the world’s population has more than US$1 million,
* 42 per cent of the world’s population have assets worth less than US$10,000
Comprehensive_Baby_3 on
Doom and gloom is very popular here but the report does put Canada at number 7 in terms of median wealth, ahead of Switzerland, Norway, France, UK, Singapore, double of US.
Obviously that doesn’t mean everything is fine, especially on housing affordability and younger Canadians, but it’s still a pretty strong data point that gets lost in the usual Canada-is-collapsing discourse.
Selinaria on
Overall median for an individual in Canada sits around 43k annually, average is about 55k. If you just take people working fulltime, it shifts upward to about 65k for each.
Obviously regional numbers are wildly different. Hard to compare say Alberta or Ontario to the Maritimes.
As for whether people are doing well at these numbers, I would say everyone has taken hits to their standard of living in one way or another over the past 10 years. But if you are already well off, then you don’t feel it as much.
petrosteve on
Wealth should be calculated by median, minus average monthly cost to live.
alex114323 on
I wonder if real estate / primary residence equity is doing the heavy lifting for these “wealth” stats. To me, wealth should only be the liquid funds that are literally in your bank accounts / retirement funds.
Matt2937 on
It’s elites are it’s citizens aren’t.
konathegreat on
That is a massive gap between us and the USA.
But our government will continue to gaslight us and tell us how awesome we are doing.
scanthethread2 on
Of course the comment section is filled with people saying why this isn’t true („housing!!“) as if every other country except Canada has equal rules/distributions across all metrics and are comparable.
BiscottiNo6948 on
So I’m richer than I think? Time to splurge then. Now I dont feel guilty getting that 1995 Toyota corolla. I can afford to spend that $500!
mrcanoehead2 on
Honestly, if we were managed properly,we could be close to first.
illustriousdude on
Looking further into the report, there is a section labeled Liquid Assets which pulls out real estate. The listing here is also interesting
|Rank|Country|Est. Mean Liquid Assets (USD)|Key Context|
|:-|:-|:-|:-|
|1|**United States**|~$311,000 (per capita)|Highest absolute levels; deep capital markets.|
|2|**Switzerland**|~$268,000 (per capita)|High savings rate; strong currency.|
|3|**Denmark**|~$191,000 (per capita)|Mandatory pension savings often counted in broader financial assets; high liquidity.|
|4|**Sweden**|~$144,000 (per capita)|High stock market participation; significant fund holdings.|
|5|**Netherlands**|~$127,000 (per capita)|Large pension pillar II/III assets; high deposit levels.|
|6|**Canada**|~$138,000 (per capita)|Strong housing wealth, but significant liquid portfolios.|
|7|**Australia**|~$110,000 (per capita)|High superannuation (though some excluded from strict „liquid“ defs).|
|8|**Belgium**|~$110,000 (per capita)|High deposit-to-GDP ratio; conservative investment culture.|
|9|**New Zealand**|~$133,000 (per capita)|Similar profile to Australia; high household debt but significant assets. |
|10|**Japan**|~$91,000 (per capita)|Massive household savings in cash/deposits (low risk appetite).|
|11|**Germany**|~$86,000 (per capita)|High cash holdings; lower equity participation than Anglosphere.|
|12|**United Kingdom**|~$77,000 (per capita)|Significant pension wealth; moderate liquid cash holdings.|
Canada is at a very respectable sixth.
the **Liquid Financial Assets** metric in the OECD Wealth Distribution Database (WDD) explicitly **excludes housing wealth**.
Pirate_Secure on
According to the report:
Average wealth:
Canada: **US$399,886**
US: **US$696,277**
Median wealth:
Canada: **US$147,811**
US: **US$68,998**
Huge concentration of wealth at the top in both countries but the US is on a whole different universe in wealth inequality. The most extreme example I have ever seen.
BertoBigLefty on
For a very very small few
No_Friend4042 on
Too bad most of us are struggling while the 1% laugh at the rest of us
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31 Kommentare
Good day for the millionaires and billionaires of the country.
Rest of us…how we doing folks?
If Elon Musk walks into a room, everybody becomes a billionaire
If only the average Joe benefited form that…
Canada is. The citizens the live in it? Not so much.
Not for us regular everyday suckers living the fucking grind.
Well, we used to be in the top 7.
People on Reddit are convinced that Canada is poor. Meanwhile these thousand dollar World Cup tickets are selling out, restaurants are packed, concerts are packed, airports are packed, malls are packed.
Yet another indication that Reddit isn’t real life.
What percentage of Canadians make up this metric
**Group**
**Share of Canada’s net wealth**
**Top 1% of families**
**~24%**
**Top 10% of families**
**~53%**
**Top 20% of families**
**~69%**
**Middle 40%**
**~27.6%**
LLM estimation from from the Parliamentary Budget Officer’s 2025 update using its High-net-worth Families Database.
Interesting how avg we are 13th but median we are 7th.
Comparison USA avg is 2nd but median is 29th.
And most of that wealth is tied up to a non-productive asset: housing. Cuz it’s ridiculously expensive.
We aren’t really wealthy, we’re essentially a house-poor NATION.
seeing the difference between avg and median is interesting
Is 13th by average wealth and 7th by median wealth, but then again, it includes house values into consideration…
Is that wealth with us in this room now.
That’s great news, but we can and will do better.
Celebrate, peasants…
Third spot is “Western Europe” and then top spot is Switzerland. Seems inconsistent to go from countries to regions to countries again…
I don’t uhhh. it doesn’t feel that way?
Stats on average wealth per adult (in USD), according to a bank in Switzerland:
* Switzerland: $910,382
* United States: $696,277
* Canada: $399,886
* Western Europe: $330,000
That said, the thing about averages is that high outliers can skew the data upwards.
For example, Elon Musk alone, with his 1 trillion in personal wealth, accounts for about $3,000 of the US average wealth (1 trillion divided by 350 million Americans).
Some other stats from the article:
* global personal wealth rose by 10.8 per cent in 2025.
* 1.5 per cent of the world’s population has more than US$1 million,
* 42 per cent of the world’s population have assets worth less than US$10,000
Doom and gloom is very popular here but the report does put Canada at number 7 in terms of median wealth, ahead of Switzerland, Norway, France, UK, Singapore, double of US.
Obviously that doesn’t mean everything is fine, especially on housing affordability and younger Canadians, but it’s still a pretty strong data point that gets lost in the usual Canada-is-collapsing discourse.
Overall median for an individual in Canada sits around 43k annually, average is about 55k. If you just take people working fulltime, it shifts upward to about 65k for each.
Obviously regional numbers are wildly different. Hard to compare say Alberta or Ontario to the Maritimes.
As for whether people are doing well at these numbers, I would say everyone has taken hits to their standard of living in one way or another over the past 10 years. But if you are already well off, then you don’t feel it as much.
Wealth should be calculated by median, minus average monthly cost to live.
I wonder if real estate / primary residence equity is doing the heavy lifting for these “wealth” stats. To me, wealth should only be the liquid funds that are literally in your bank accounts / retirement funds.
It’s elites are it’s citizens aren’t.
That is a massive gap between us and the USA.
But our government will continue to gaslight us and tell us how awesome we are doing.
Of course the comment section is filled with people saying why this isn’t true („housing!!“) as if every other country except Canada has equal rules/distributions across all metrics and are comparable.
So I’m richer than I think? Time to splurge then. Now I dont feel guilty getting that 1995 Toyota corolla. I can afford to spend that $500!
Honestly, if we were managed properly,we could be close to first.
Looking further into the report, there is a section labeled Liquid Assets which pulls out real estate. The listing here is also interesting
|Rank|Country|Est. Mean Liquid Assets (USD)|Key Context|
|:-|:-|:-|:-|
|1|**United States**|~$311,000 (per capita)|Highest absolute levels; deep capital markets.|
|2|**Switzerland**|~$268,000 (per capita)|High savings rate; strong currency.|
|3|**Denmark**|~$191,000 (per capita)|Mandatory pension savings often counted in broader financial assets; high liquidity.|
|4|**Sweden**|~$144,000 (per capita)|High stock market participation; significant fund holdings.|
|5|**Netherlands**|~$127,000 (per capita)|Large pension pillar II/III assets; high deposit levels.|
|6|**Canada**|~$138,000 (per capita)|Strong housing wealth, but significant liquid portfolios.|
|7|**Australia**|~$110,000 (per capita)|High superannuation (though some excluded from strict „liquid“ defs).|
|8|**Belgium**|~$110,000 (per capita)|High deposit-to-GDP ratio; conservative investment culture.|
|9|**New Zealand**|~$133,000 (per capita)|Similar profile to Australia; high household debt but significant assets. |
|10|**Japan**|~$91,000 (per capita)|Massive household savings in cash/deposits (low risk appetite).|
|11|**Germany**|~$86,000 (per capita)|High cash holdings; lower equity participation than Anglosphere.|
|12|**United Kingdom**|~$77,000 (per capita)|Significant pension wealth; moderate liquid cash holdings.|
Canada is at a very respectable sixth.
the **Liquid Financial Assets** metric in the OECD Wealth Distribution Database (WDD) explicitly **excludes housing wealth**.
According to the report:
Average wealth:
Canada: **US$399,886**
US: **US$696,277**
Median wealth:
Canada: **US$147,811**
US: **US$68,998**
Huge concentration of wealth at the top in both countries but the US is on a whole different universe in wealth inequality. The most extreme example I have ever seen.
For a very very small few
Too bad most of us are struggling while the 1% laugh at the rest of us