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Table A.9
Expected adequacy of retirement income of near-retirees, by financial characteristics, Canada, 2007

  More than adequate or adequate Barely adequate Inadequate or very inadequate Don't know Total
Pension coverage
Yes
74.1*
17.2*
6.0*
2.7*
100.0
No†
60.4
22.6
12.7
4.3
100.0
Inconsistent answers1
66.4
19.7
11.2
2.7E
100.0
Contributed to a registered retirement savings plan (RRSP) in the past five years
No †
55.7
24.2
14.9
5.2
100.0
Yes
72.8*
17.7*
6.9*
2.5*
100.0
Yes - Assets under $50,000
60.7*
25.2
11.2*
2.9*
100.0
Yes - Assets $50,000 to $100,000
78.6*
14.6*
4.9*
1.8E*
100.0
Yes - Assets greater than $100,000
87.0*
9.9*
1.9E*
1.3E*
100.0
Yes - Assets not stated
74.3*
12.0*
6.4E*
7.3E
100.0
Pensions and RRSPs
No pension/No RRSP†
46.5
26.9
20.2
6.4
100.0
No pension/Yes RRSP
67.0*
20.5*
9.3*
3.2*
100.0
Yes pension/No RRSP
63.1*
22.1
10.0*
4.8E
100.0
Yes Pension/Yes RRSP
77.1*
15.9*
4.9*
2.0*
100.0
Inconsistent answers1
66.6*
19.8*
10.9*
2.8E*
100.0
Personal income
Less than $20,000†
52.7
24.5
19.3
3.5E
100.0
$20,000 to $39,999
56.4
25.1
14.0
4.5
100.0
$40,000 to $59,999
65.8*
23.0
8.5*
2.7
100.0
$60,000 to $79,999
78.2*
14.1*
6.0*
1.7E
100.0
$80,000 or more
83.9*
12.1*
2.7E*
1.3E
100.0
Not stated
65.9*
17.9
8.8*
7.4
100.0
Household income
Less than $40,000†
45.0
29.3
21.4
4.3E
100.0
$40,000 to $59,999
52.8*
29.0
15.0*
3.2E
100.0
$60,000 to $79,999
67.4*
21.7*
8.3*
2.6E
100.0
$80,000 to $99,999
69.5*
20.2*
6.4*
3.9E
100.0
$100,000 or more
84.9*
10.8*
3.2*
1.1E*
100.0
Not stated
63.1*
19.4*
10.0*
7.4
100.0
Housing tenure
Rented†
49.9
27.6
18.0
4.4
100.0
Owned with mortgage
67.1*
20.7*
9.1*
3.1
100.0
Owned without mortgage
77.7*
14.4*
5.1*
2.8
100.0
† Reference group.
* Statistically significant difference from reference group at p < 0.05.
1. About 10% of respondents provided inconsistent answers to the two questions about pension coverage and are treated as a separate category.
Note: Table only includes persons who stated a planned age of retirement.
Source: Statistics Canada, General Social Survey 2007
Date Modified: 2008-11-21

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