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Table A.1
Informational resources of near-retirees, by financial characteristics, Canada, 2007

  Typically receive financial information from… Understand public retirement income programs… Gathered retirement information during past 5 years1
Any source Financial industry Not at all somewhat or very well
percentage
Total
70.9
49.5
25.3
74.7
44.9
Years to planned retirement
Less than 5
82.8*
56.4*
16.7*
83.3*
64.0*
5 to 9
77.7*
55.2*
20.3*
79.7*
47.0*
10 to 14
73.1*
52.1*
22.9*
77.1*
39.7
15 or more †
67.4
46.2
30.3
69.7
35.2
Don't know/Don't intend retire
58.3*
40.0*
33.6
66.4
24.9E
Pension coverage
Yes
75.7*
50.0
21.2*
78.8*
51.3*
No †
66.4
49.5
28.8
71.2
36.4
Inconsistent answers2
67.9
47.3
29.9
70.1
42.3
Contributed to a registered retirement savings plan (RRSP) in the past five years
No †
51.7
28.2
34.8
65.2
27.7
Yes
78.9*
58.3*
21.4*
78.6*
51.0*
Yes - Assets under $50,000
71.4*
45.8*
26.7*
73.3*
42.6*
Yes - Assets $50,000 to $100,000
83.7*
64.6*
15.9*
84.1*
56.2*
Yes - Assets higher than $100,000 or more
88.2*
75.0*
15.4*
84.6*
61.9*
Yes - Assets not stated
77.6*
55.7*
26.2*
73.8*
44.4*
Pensions & RRSPs
No pension/No RRSP †
46.4
27.2
37.0
63.0
17.9
No pension/Yes RRSP
78.2*
62.4*
23.8*
76.2*
45.0*
Yes pension/No RRSP
59.5*
29.4
29.7*
70.3*
38.1*
Yes Pension/Yes RRSP
80.4*
55.9*
18.8*
81.2*
55.0*
Inconsistent answers2
68.1*
47.5*
30.0*
70.0*
42.4*
Personal income
Less than $20,000 †
58.8
35.8
35.8
64.2
29.0
$20,000 to $39,999
62.5
41.8
32.6
67.4
33.9
$40,000 to $59,999
73.2*
49.9*
23.4*
76.6*
48.4*
$60,000 to $79,999
77.0*
52.8*
19.5*
80.5*
52.6*
$80,000 or more
81.9*
63.2*
16.7*
83.3*
55.0*
Not stated
68.7*
49.3*
26.8*
73.2*
40.8*
Household income
Less than $40,000 †
52.3
30.5
38.6
61.4
24.6
$40,000 to $59,999
65.7*
44.0*
29.1*
70.9*
38.9*
$60,000 to $79,999
72.6*
47.9*
24.4*
75.6*
45.8*
$80,000 to $99,999
73.2*
51.1*
21.5*
78.5*
49.8*
$100,000 or more
81.7*
61.9*
17.2*
82.8*
54.4*
Not stated
67.0*
46.3*
30.4*
69.6*
39.2*
Housing tenure
Rented †
54.4
30.1
35.9
64.1
34.8
Owned with mortgage
71.1*
48.2*
25.4*
74.6*
43.4*
Owned without mortgage
78.0*
59.5*
20.3*
79.7*
51.2*
† Reference group.
* Statistically significant difference from reference group at p < 0.05.
1 Only includes persons who stated a planned age of retirement.
2 About 10% of respondents provided inconsistent answers to the two questions about pension coverage and are treated as a separate category.
Source: Statistics Canada, General Social Survey, 2007
Date Modified: 2008-11-21

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