Table 4
Median liquid asset holdings1 and coverage of after-tax income by family type, 2019
| Median liquid asset holdings | No liquid asset holdings | For at least 1 month – Enough liquid assets covering after-tax family income | For at least 3 months – Enough liquid assets covering after-tax family income | For at least 6 months – Enough liquid assets covering after-tax family income | |
|---|---|---|---|---|---|
| dollars | % | % | % | % | |
| All economic families and persons not in an economic family | 27,700 | 3.4 | 75.0 | 60.5 | 49.5 |
| Economic families | 42,000 | 2.5 | 76.6 | 61.3 | 49.8 |
| Senior families | 107,000 | 2.0 | 85.3 | 75.4 | 69.4 |
| Non-senior families | 35,400 | 2.6 | 74.5 | 57.9 | 45.1 |
| Couples only | 49,500 | 2.1 | 82.1 | 67.0 | 54.4 |
| Couples with children under 18 | 31,000 | 2.4 | 73.3 | 55.2 | 39.9 |
| Lone-parent families2 | 5,500 | 5.8 | 54.3 | 36.5 | 28.7 |
| Other non-senior families | 41,000 | 2.4 | 73.7 | 57.7 | 46.7 |
| Persons not in an economic family | 13,000 | 5.0 | 72.3 | 59.4 | 49.1 |
| Seniors | 35,000 | 3.7 | 78.8 | 69.8 | 62.4 |
| Non-seniors | 8,300 | 5.7 | 69.0 | 54.0 | 42.3 |
Note(s):
All dollar amounts are in constant 2019 dollars.
Source(s):
Survey of Financial Security, 2019 (2620).
Table note 1
Liquid financial assets are all assets held in chequing and saving accounts, term deposits, treasury bills, tax-free savings accounts, stocks and bonds (in mutual funds or not), and registered retirement savings plans. The value of registered retirement savings plans is multiplied by 0.9 in order to account for the minimum 10% tax withholding that financial institutions must deduct from withdrawals for income tax purposes.
Table note 2
Lone-parent families: One parent, who is the major income recipient, living with at least one child under age 18. Other relatives may also be in the family. Families where the parent is 65 years or older are excluded.
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