via Bloomberg:
Inflation, higher interest rates and declining real estate values are worsening wealth inequality in Canada, with younger households bearing the brunt of the financial pain.
The richest 20% of households controlled 67.8% of net worth in the country in the first quarter, while the bottom groups accounted for 2.7%, Statistics Canada reported Tuesday in Ottawa.
Canadian real estate is a joke 🚨
— Wall Street Silver (@WallStreetSilv) July 4, 2023
See also Emerging markets are collapsing at the fastest pace since 2022. Expect a wake-up call soon.
h/t Orangutan
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