WHAT THE AVERAGE CANADIAN NET WORTH LOOKS LIKE AT EVERY AGE IN 2026

Comments · 40

• DR

  @Draydon_Longfellow · 4 months ago

  When the map of Canada is labeled incorrectly, credibility is strained.

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• TH

  @TheCashwell · 3 months ago

  everything makes sense, i like how everything was explained!

• EV

  @evanrhildreth · 4 months ago

  The thumbnail is so wrong. On the right it shows a Toronto McModern with a fancy sports car, and in the middle a 1960s bungalow with a "normal" car. If you actually drive through McMansion and McModern neighborhoods, most driveways have "normal" cars like fairly new Honda CR-Vs. Plenty of driveways have BMWs and Audis, but they're the poverty-specs, the 3-series with the 4 cyclinder engine that people finance when they only care about the badge on the hood. Maybe 1 in 10 McMansions and McModerns have a legitimately expensive car in the driveway. Now drive through the middle neighbourhood with modest detatched homes built in the 1960s or 1980s. The same number of houses have the same Honda CR-Vs. And the same 1 in 10 houses have legitimately expensive cars, a random Porsche 911, two Teslas at a house with a roof covered in solar panels... the point being, in the high-end neighborhood most people have their money tied up in the house and cannot afford the car to match the house, and the middle class neighborhood has some people who could afford the high end neighborhood but choose the middle class neighborhood because it affords them greater financial freedom.

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• JO

  @Jonas-gl9ke · 4 months ago

  Have been investing monthly for over 25 years and am now 53 yo.  Net worth is over 5.5M.  House is paid for and worth 1.5M.  A few years after I finished university, my wife and I bought a nice house for $190K.  With today’s house price to income ratio, that’s not happening and so I feel really fortunate being a GenXer.  Trying to help my kids not start their working lives behind the 8 ball.

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• PR

  @Prairieshutterbug64 · 4 months ago

  Apparently AI has no idea that Ontario doesn&apos;t extend all the way to the Alberta border (<a href="https://www.youtube.com/watch?v=0HT7CTxb50M&amp;t=798">13:18</a>). &nbsp;Maybe filter out the AI slop before hitting the post button?

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• PA

  @parkerbohnn · 3 months ago

  What compound interest? The Bank of Canada rate is a lowly 2.25 percent and using the rule of 72 it takes about 32 years to double your money. In Mexico it takes about 10 years to double your money.

• IV

  @ivanklok1306 · 4 months ago

  The Mean isn&apos;t a lie. &nbsp;It&apos;s just the mean. &nbsp;All this video shows is the importance of education and how to understand things. Mean, median, average etc are all different ways to view things depending on how a particular problem needs to be seen in order to be solved.

  1

• LA

  @larbob-m4o · 4 months ago

  My net worth is around $300,000 including my condo which is paid for and worth about 200,000. I live comfortably off of my Canada pension at old age security and from that I save $400 a month which pays my taxes every year for the condo and all my insurances for my car motorcycle and condo. Leaves me with around $1800 a year in savings from my pension. I would not have this if I didn’t have my place paid for that’s what keeps my head above water and I live Within my needs. I probably won’t be here much longer as I just got diagnosed with cancer. I’ve never thought about money worried about money my whole life. I quit school at 16 moved out of my family home and started my life and paid my way ever since paycheque to paycheck, but I was a happy man growing up was amazing. I focussed on living my life to its fullest living in the now and believed everything would work out when I became retirement age. And it did. I listened to my intuition and I didn’t do stupidest things. I quit drinking when I was 34 years old quit smoking when I was 36 years old and lived there, clean and sober life still to this day. Two of the biggest accomplishments in my life. It can be done. It’s all what’s in between the two ears?.

• ZO

  @zorasrs · 4 months ago

  This channel is excellent I have no clue why you have low viewership

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• TR

  @trevorbinkowski3676 · 4 months ago

  I don&apos;t believe these numbers of networth median. It&apos;s not that high. It&apos;s actually lower.

  1

• JE

  @jenkins5265 · 4 months ago (edited)

  The key to getting out of young people poverty is resolving the housing issue - the single biggest cost and hurdle to wealth creation in Canada. This means being super smart to lower the cost of housing using whatever method you can - living at home, living with lots of roommates, living away from a city-center etc. As a millennial, I&apos;ve seen half my peers choose to save in their twenties, and the other half choose to enjoy life who weren&apos;t able to see this or didn&apos;t want to sacrifice conveniences. They made fun of the people who lived with their parents, said they couldn&apos;t possibly live with 5 roommates renting a house in the suburbs, and partied away their savings. Now they are screwed and hating life because the ones who saw the trend early bought homes and are now on the other side. The myth of living your best life in your twenties is over in the west. We don&apos;t really have the luxury of time anymore due to the high costs of everything. If you&apos;re not smart in your twenties, you will suffer in your thirties and forties.

  5

• CR

  @crossarl196 · 4 months ago

  7532 times over is several times over, Oh moon so close yet so far