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Inequality of Wealth
From: The Age of Increasing Inequality
$2.30
The inequality of wealth in Canada is far greater than the inequality of incomes — Canada’s top 40 families own more than the bottom 40% (6,186,000 households) do. For middle class Canadian families, the lottery of capital gains on home ownership has become crucial to wealth acquisition, but unbalanced growth and increasing income inequality have produced increasing middle class indebtedness and rising risks of financial market instabilities.
Contributors
Lars Osberg
LARS OSBERG is McCulloch Professor of Economics at Dalhousie University with research interests in labour economics and income and wealth distribution. He received his PhD in Economics from Yale University and has published numerous articles in academic journals and seven books. He is past President of the Canadian Economics Association. He lives in Halifax, Nova Scotia.
