Highest-income households saw investment gains while wages dropped for lower-income ones in 2024: StatCan

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Richest Canadians' investments grow while wages fall for others

The gap between richest and poorest is widening in Canada, with recent economic challenges greatly affecting lower income households.

Highest-income households saw investment gains while wages dropped for lower-income ones in 2024: StatCan

Canada’s highest income households saw investment growth, while lower income households’ wages dropped at the end of last year.

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Statistics Canada reported on Monday that high-income households will increase their share of income through investment, while low-income households will see their wages decline in 2024. Although lower interest rates and slowing inflation have helped low-income households slightly, the wealth gap continues to widen.

The Daily — Distributions of household economic accounts for income, consumption, saving and wealth of Canadian households, fourth quarter 2024

Highest income households increased their share of income through investment growth while lower income households' wages declined in 2024. Easing borrowing costs and slower inflation supported economic well-being for lower income and the least wealthy households.