The Top 10% of Millennials in Canada hold 55% of their generation’s wealth
Found this infographic on StatsCan comparing Gen X with Millennials, and what really caught my eye was the bottom graph: Millennials in the top 10% had accumulated $588,600 in net
What’s your Global Wealth Number?
Bloomberg Businessweek came up with an interesting money index called a Global Wealth Number. They did it because it seems as though saying “millionaire” is too broad &
What’s your Personal Finance (PF) score and how do you calculate it?
This is how you should really calculate your real sense of financial independence and richness.
What are the High Achiever (not Average) net worth of millennials by age?
I talked about the average net worth of millennials here, with a few reasons (very stark, bleak ones) about what is stopping them from saving versus the past. But… as you are
What are the Average net worth of millennials by age?
So there are two charts – the average net worth of a millennial, and then the high achiever net worth of a millennial. A millennial is someone born between 1982 and 2000. Ave
The Composition of Wealth: The Top 1% holds 40% of U.S. Wealth
Source: Edward N. Wolff (2017). Survey of Consumer Finances – I highly recommend you give the paper a read, it really gives quite a thorough breakdown. NOTES & OBSERVATIO
How much do you need to have saved for retirement? By salary per year and investments.
This is a chart for retirement, made up with the 25X rule and the 4% withdrawal rules. What’s the 25X rule? Simple. What do you want to spend in retirement? $50K? Take $50K x
What is the average non-mortgage debt of Canadians?
This Canadian debt post only deals with NON-MORTGAGE DEBT. If you are interested in MORTGAGE debt versus net worth, you can check out my post on that here: What is the average net
What is the average net worth of Canadians without their house?
I went over the average net worth of a Canadian by each province and major city, but here is the provincial net worth broken down WITHOUT their houses! Houses are a huge part of an
What is the median net worth of Canadians by age, province and major city?
Asked & delivered! Here is the median net worth of Canadians by age, province and major city… Here is the MEDIAN of a Canadian’s net worth, not an average. The aver