Average savings per household in Canada Q1 2020-Q4 2020, by income quintile

Published by
Fernando de Querol Cumbrera,
Feb 15, 2024
During the year 2020, household average net savings in Canada peaked in the second quarter for each income group. Compared to the other groups, households ranked in the highest income quintile displayed considerably higher average net savings during the coronavirus (COVID-19) pandemic. As of the second quarter of 2020, households belonging to this income group reported on average net savings for 17,633 Canadian dollars.

Quarterly net savings per household during coronavirus (COVID-19) outbreak in Canada from 1st to 4th quarter 2020, by income quintile (in Canadian dollars)

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Release date

May 2021

Region

Canada

Survey time period

Q1 2020 to Q4 2020

Supplementary notes

Adapted from Statistics Canada, Income, consumption and saving, average value per household, by income quintile, 2019 to fourth quarter 2020, Canada , Q1 2020 to Q4 2020. This does not constitute an endorsement by Statistics Canada of this product.

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