Average savings per household in Canada Q1 2020-Q4 2020

Published by
Fernando de Querol Cumbrera,
Feb 15, 2024
During the year 2020, household average net savings in Canada peaked in the second quarter at 5,813 Canadian dollars. As of the fourth quarter of 2020, the quarterly net savings per household in Canada amounted to 3,096 Canadian dollars. The amount of savings reached unprecedented highs during 2020 due to the COVID-19 pandemic and the consequent measures introduced by governments to tackle the outbreak.

Quarterly net savings per household during coronavirus (COVID-19) outbreak in Canada from 1st to 4th quarter 2020 (in Canadian dollars)

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Release date

September 2021

Region

Canada

Survey time period

Q1 2020 to Q4 2020

Supplementary notes

Adapted from Statistics Canada, https://150.statcan.gc.ca, Q1 2020 to Q4 2020. This does not constitute an endorsement by Statistics Canada of this product.

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