Households where the major income earner was from 35 to 44 years old had the highest amount of net savings in 2023. That segment saved on average nearly 22,500 Canadian dollars that year alone. Households of individuals older than 64 had negative net savings amounting to 13,760 Canadian dollars, which means that their expenses were higher than their revenue. These figures do not show the overall value of savings accumulated in bank accounts and other assets, but the amount of money that households managed to save in a single year.
Net savings per household in Canada from 2000 to 2023, by age group of major income earner
(in 1,000 Canadian dollars)
Age groups refer to the age group of the major income earner. Adapted from Statistics Canada, statcan.gc.ca, 2000 to 2023. This does not constitute an endorsement by Statistics Canada of this product.
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StatCan. (July 17, 2024). Net savings per household in Canada from 2000 to 2023, by age group of major income earner (in 1,000 Canadian dollars) [Graph]. In Statista. Retrieved December 21, 2024, from https://www.statista.com/statistics/1220339/net-savings-per-household-by-age-group-canada/
StatCan. "Net savings per household in Canada from 2000 to 2023, by age group of major income earner (in 1,000 Canadian dollars)." Chart. July 17, 2024. Statista. Accessed December 21, 2024. https://www.statista.com/statistics/1220339/net-savings-per-household-by-age-group-canada/
StatCan. (2024). Net savings per household in Canada from 2000 to 2023, by age group of major income earner (in 1,000 Canadian dollars). Statista. Statista Inc.. Accessed: December 21, 2024. https://www.statista.com/statistics/1220339/net-savings-per-household-by-age-group-canada/
StatCan. "Net Savings per Household in Canada from 2000 to 2023, by Age Group of Major Income Earner (in 1,000 Canadian Dollars)." Statista, Statista Inc., 17 Jul 2024, https://www.statista.com/statistics/1220339/net-savings-per-household-by-age-group-canada/
StatCan, Net savings per household in Canada from 2000 to 2023, by age group of major income earner (in 1,000 Canadian dollars) Statista, https://www.statista.com/statistics/1220339/net-savings-per-household-by-age-group-canada/ (last visited December 21, 2024)
Net savings per household in Canada from 2000 to 2023, by age group of major income earner (in 1,000 Canadian dollars) [Graph], StatCan, July 17, 2024. [Online]. Available: https://www.statista.com/statistics/1220339/net-savings-per-household-by-age-group-canada/
