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That is what Stats Canada is telling us today. The Median for wealth has doubled since 1970 'til 2005 (a 35 year period), however, that is the Median not the Mean or Average. This means that because there are more very rich people, it drags this Median up, however because the gap is so large, the data ends up being skewed by it. The top 5% of families fortunes have gone up a great deal in this time while "middle income" and lower income families have not shared in this growth of wealth to the same extent.

In young families the Median for wealth actually dropped (meaning they are losing the fight right now). If you are older than 35 then your wealth median went up by 40%, holy cow!

What does all this number mish mash really mean? The rich are getting richer, and the rest of us, aren't keeping up! Sorry folks, that's just the way it is right now.

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