Table 12
Correlation between sources of change in per capita household net worth relative to disposable income, Canada and the United States, 1970 to 2012
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Contributions | Absolute contributions | |
---|---|---|
correlation | ||
Non-financial assets relative to disposable income | 0.27 | 0.05 |
Financial assets relative to disposable income | 0.78 | 0.47 |
Liabilities relative to disposable income | 0.23 | 0.02 |
Note: Authors' calculations. Sources: Statistics Canada, Canadian National Balance Sheet Accounts; U.S. Federal Reserve, Flow of Funds Accounts; and Bureau of Economic Analysis, National Income and Products Accounts. |
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