Household wealth quintile
Archived Content
Information identified as archived is provided for reference, research or recordkeeping purposes. It is not subject to the Government of Canada Web Standards and has not been altered or updated since it was archived. Please "contact us" to request a format other than those available.
Households are grouped by wealth quintile according to their total household net worth. Wealth quintiles group households into five equal parts, ranked from lowest to highest, each representing 20% of the total number of households in the economy. Contrary to the equivalization adjustment applied to disposable income quintiles, as described in section 4.3.5, wealth quintiles are not adjusted to account for differences in household size and composition. As noted in the literature, for inter-household comparison purposes, accounting for differences in the capacity of a household to consume wealth based on its size and composition at a given point in time may not be appropriate, since wealth tends to be consumed gradually over the life course http://dx.doi.org/10.1787/9789264194830-en.
- Date modified: