Exam 3: Breaking Down the Wealth Equation: Housing, Assets, and Debt

Debt can become problematic when:

How is data on wealth collected and analyzed? What organizations provide this data and what conclusions can you make from the information they provide?

Wealth can be directly passed on to children, which can support intergenerational equality.

Households with higher education and income tend to have greater wealth.

How is social inequality shaped and perpetuated? What is the role of housing in this respect?

What is one way in which burden debt is examined by researchers?

What type of taxation is commonly recommended by legislators? How do they affect the working class and poorer households?

Immigrant families, no matter their origin, can narrow the homeownership and wealth gap over time.

Wealth in Canada is distributed less equally than income and most wealth gains over the past two decades have gone to the wealthiest Canadians.

Dimensions in which wealth disparities can be overserved include all of the following except:

Between 2005 and 2012, the use of short-term high-interest payday loans decreased by 27 percent in Canadian households.

A business loan is an example of what?

Homeownership is the largest source of debt in Canada.

When looking at worth disparities, we need to look at net worth as well as:

Inequality is equally apparent in net worth and assets.

Explain the concept of wealth. How does it perpetuate advantages and disadvantages in society? Describe how wealth is divided between Canada and what this represents for the general population.

In what way has the relationship between wealth and education changed for young adults as compared to previous generations?

Structural inequalities that lead to wealth disparities are supported by all of the following except:

What are two common sources of wealth data in Canada?

Net worth in Canada has been relatively stable over the past twenty years, yet the average net worth of the top quintile has increased substantially.