While the median wealth of young families fell by half between 1984 and 2005, it rose by almost 40% for those in which the major income recipient was a university graduate aged 35 to 54.
[Morissette, René & Zhang, Xuelin. "Revisiting Wealth Inequality" in Perspectives on Labour and Income."]
It’s a sobering statistic: the poverty rate is twice as high for families headed by someone without a university degree as it is for those headed by a university graduate. Even more striking is that the income gap between university graduates and those without a degree is growing—this graph shows just how much over the past twenty-five years:
Data from "Revisiting Wealth Inequality"; charts created by CPSAP.
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