Do you feel like you’re worth $312,000?
That’s one of the measures of the value of worth in this country. At the end of June – the mid-point in the year – the per capita net worth of everything in Canada was $312,700. That was up $4,000 in the three months that ended in June.
The total value of all the wealth in the country – this is property values, the equity in companies, the net assets of the non-profit sector and government holdings such as infrastructure – was more than $11 trillion. That figure grew by nearly $200 billion in the second quarter.
What is most interesting about these numbers is where we find stability and where there’s volatility.
The figures that change the most are in the corporate sector. The net worth – assets minus liabilities – show enormous movement. At end of last year, for example, they had fallen to $65 billion – a decline of 60 per cent for the year. Six months later, they had risen to $270 billion – up 4.5 times. Personal wealth, on the other hand, moved only one per cent.