Inherited Wealth Inequality

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Inherited wealth is almost as unequally distributed as overall wealth in Canada. Inheritances are predominantly distributed to those who already have university degrees and are making $100 thousand annually. This means that inheritance is a major cause of income and wealth inequality as it further benefits those who are well off with no effect on those in lower income brackets. As seen in Exhibit 1, those who receive inheritance are more likely to be the individuals who were raised in a comfortable lifestyle rather than those who were struggling. In this way, since those who are inheriting this fortune are already living at an advantage, this increases the existing gap between the affluent and the poor. This is an issue because for the wealthy,

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