The gap between Canada's richest and poorest grew last year as financial markets gained, interest payouts declined and the job market softened, said Statistics Canada on Monday.

The agency says the income gap — measuring the difference in the share of disposable income between households in the top 40 per cent and those in the bottom 40 per cent — reached 46.7 percentage points in 2025.

The result compared with a gap of 46.4 percentage points a year earlier.

The wider gap came as the lowest-income households saw wages rise slower than the overall average and saw their investment income fall because of lower interest payments on savings, the agency said.

Meanwhile, Statistics Canada says the top 20 per cent of the wealth distribution accounted for 65.7 per cent of Canada's total net worth at the end of 2025, averaging $3.5 million per household.

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[–] GodofLies@lemmy.ca 4 points 1 month ago

The wealth gap is only going to increase with this current government and their policies. It all points to something really simple - assets are going up in value, while the dollar purchasing power is going down. Anyone without a good amount of assets are going to get squashed over time. This is by design since the introduction of a central banking system with a target of 2% inflation.

The amount of people that lack basic financial literary in Canada is abhorrent - and I can see why those in power want to keep it that way. If financial literacy was taught in high school in grades 11-12, I think things would be a lot different on how people view government policies and media propaganda.

But hey, let's back off on these carbon taxes and fuel excise taxes now - I'm sure the common person is going to benefit soooo much! /s. Meanwhile look at the massive fleets of cars/trucks/vans that these businesses have - they just straight up save 5% for the next 5 months. But oh wait, I'm sure big oil and gas is going to gobble up those savings real fast and quote "uncertainty"... It's all kind of pathetic on every level of government. We know that collective bargaining allows us to gain better prices in the long run, yet we don't "bulk" buy as a country as a whole. Really stupid.