The Evolving Wealth of Canadians Approaching Retirement

Summary:
Page Title:The Evolving Wealth of Canadians Approaching Retirement – C.D. Howe Institute
Article Title:The Evolving Wealth of Canadians Approaching Retirement
URL:https://cdhowe.org/publication/evolving-wealth-canadians-approaching-retirement/
Published Date:March 28, 2019
Accessed Date:February 10, 2025

Over the period from 1999 to 2016, the wealth (net worth and total assets) of Canadians approaching retirement who were in the middle of the wealth distribution grew quite strongly in constant dollars, according to a new working paper from the C.D. Howe Institute.

In “The Evolving Wealth of Canadians Approaching Retirement,” author Bob Baldwin points out the growth in wealth was notably stronger than income growth over the same period, driven in part by the increasing value of primary residences. But other forms of wealth also grew strongly, including retirement wealth.

The extent to which the increase in wealth will translate directly into increased retirement incomes, however, depends on the cost of a dollar of retirement income, and that increased over the period. The increase in cost would offset much but not all of the increase in wealth.

Membership Application

Interested in becoming a Member of the C.D. Howe Institute? Please fill out the application form below and our team will be in touch with next steps. Note that Membership is subject to approval.

"*" indicates required fields

Please include a brief description, including why you’d like to become a Member.

Member Login

Not a Member yet? Visit our Membership page to learn more and apply.