The evolution of wealth over the life cycle - ARCHIVED

Canadians accumulate wealth to deal with unforeseen circumstances, fund their children's education, invest in business opportunities and fund their retirement, among other reasons. Wealth is therefore a key indicator of household financial well-being. However, the financial and housing markets in which households invest have changed substantially. This study develops a synthetic cohort approach to examine the effect of these changes on the wealth accumulation of successive generations of Canadians' with a particular focus on younger households.