Between 80 per cent and 87 per cent of Canadian wealth inequality is due to the life-cycle effect.
Some of us are making a lot of money because we’re at that stage of life—others of us aren’t.
I wonder if the recent rise in the "trust gap" might have anything to do with the perception that governments are outrageously inefficient stewards of citizens' money?
Headlines in the Globe and Mail, Toronto Star, and CBC all trotted out the cliché that the rich are getting richer while the poor are getting poorer, giving the impression of a doomsday-like wealth inequality gap. Fortunately, nothing could be further from the truth.