As the facts show it, Canadian households are indeed getting wealthier, which is a good thing. Data released last month show that, despite the financial crisis and Great Recession, net worth rose noticeably across all age groups from 1999 through 2012. Now, let’s bring the boomers into the picture. They’re called the boomers for a reason.
The huge wave of that generation simply overwhelms the charts. Born between 1946 and 1964, 2  BIS central bankers’ speeches  the youngest boomers are turning 50 this year. And so, right now, we are seeing a very predictable demographic bulge of more people, putting away more savings. This is Mother Nature at work, and it’s where things get interesting.