Table A.9
Expected adequacy of retirement income of near-retirees, by financial characteristics, Canada, 2007
Archived Content
Information identified as archived is provided for reference, research or recordkeeping purposes. It is not subject to the Government of Canada Web Standards and has not been altered or updated since it was archived. Please "contact us" to request a format other than those available.
| 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: