Estimated mean wealth of Canadian families dropped 33.7 percent from 2005 to 2012 largely due to the global financial crisis and decreased house prices.

Question

Quizplus · Accepted Answer

The statement is inaccurate because the global financial crisis primarily occurred between 2007 and 2009, and while it did have significant impacts on wealth and house prices in many countries, the specific percentage drop and timeframe for Canadian families' mean wealth as stated do not align with known data. Canadian family wealth has experienced fluctuations due to various economic factors, but the precise figures and years provided do not accurately represent the overall trend or specific impacts of the financial crisis on Canadian family wealth.

Estimated Mean Wealth of Canadian Families Dropped 33