Household income rose but net saving dropped for every age group, StatsCan reports
The size of contributions rose in 2020, alongside the number of savers
Median Canadian income rose during the Covid-19 pandemic as a result of programs like CERB and CRB
Credit market debt was 186.2% of household disposable income in Q4 2021, StatsCan reports
Retirement topics to discuss include taxes, insurance, income, IG poll suggests
Income is up 7.9% from before the pandemic struck in the first quarter of 2020
However, the bottom 40% of households still control less than 3% of net worth in Canada
Savings rate drops as consumption growth outpaces income gains
A sample case illustrates the impacts for the surviving spouse
Household income rose even as GDP fell in Q2