The growing wealth divide: Should average Canadians follow Warren Buffett’s investment strategy?

Systemic barriers prevent average investors from capitalizing on potentially lucrative or riskier opportunities, which can exacerbate their financial vulnerability. (Shutterstock)

Whether you blame it on high inflation, declining real estate values or myriad factors coming out of a global pandemic that created the perfect economic storm, there’s no denying the harsh reality that Canada’s wealth gap is widening at a rapid rate.

According to Statistics Canada, the wealth gap in Canada increased at an unprecedented rate in the first quarter of 2023, the largest on record since 2015.