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Table 2
Families owning selected assets and owing debts
| Year of birth of major income recipient | ||||||||
|---|---|---|---|---|---|---|---|---|
| 1975-1983 | 1965-1974 | 1955-1964 | 1945-1954 | 1935-1944 | 1925-1934 | Pre-1925 | Total | |
| 1999 | % | |||||||
| Assets | ||||||||
| Home | 7.8 | 41.0 | 62.5 | 71.1 | 74.4 | 71.7 | 61.6 | 59.6 |
| Other real estate | 4.6 | 8.6 | 14.9 | 22.5 | 25.5 | 19.3 | 12.2 | 16.3 |
| Business | 3.3 | 16.7 | 24.8 | 27.7 | 21.4 | 8.9 | 4.0 | 18.8 |
| Vehicle | 45.8 | 74.0 | 81.5 | 83.3 | 82.8 | 78.2 | 59.8 | 76.5 |
| Employer pension plan | 12.9 | 37.6 | 47.1 | 52.5 | 54.3 | 55.2 | 44.0 | 46.0 |
| Canada Savings Bonds | 7.7 | 9.2 | 14.3 | 14.1 | 16.3 | 14.8 | 19.8 | 13.7 |
| Stocks or mutual funds | 8.7 | 19.9 | 20.9 | 24.4 | 26.4 | 20.8 | 15.9 | 21.0 |
| Registered education savings plan | 1.8 | 6.7 | 10.2 | 7.3 | 2.0 | 0.6 | 0.3 | 5.6 |
| Registered retirement savings plan | 21.3 | 57.4 | 65.2 | 66.8 | 65.5 | 33.9 | 5.3 | 53.4 |
| Registered retirement income fund | 0.0 | F | F | F | 5.2 | 33.6 | 25.7 | 6.5 |
| Debts | ||||||||
| Mortgage on home | 5.9 | 37.4 | 49.3 | 42.2 | 24.3 | 9.4 | 3.0 | 32.0 |
| Line of credit | 5.6 | 17.2 | 20.9 | 20.6 | 14.7 | 6.1 | 2.1 | 15.4 |
| Credit cards | 27.8 | 43.6 | 41.0 | 36.3 | 27.8 | 16.3 | 7.4 | 32.7 |
| Vehicle loan | 18.3 | 28.8 | 25.8 | 23.8 | 17.2 | 9.4 | 2.7 | 20.8 |
| Student loan | 29.8 | 22.5 | 9.6 | 13.6 | 5.2 | 1.8 | F | 11.7 |
| Mortgage debt (overall) | 7.0 | 39.3 | 52.0 | 45.4 | 27.5 | 10.9 | 3.2 | 34.3 |
| Non-mortgage debt | 65.4 | 77.6 | 70.9 | 66.0 | 54.5 | 32.3 | 14.6 | 60.1 |
| Total debt | 66.7 | 83.7 | 81.1 | 75.9 | 61.7 | 36.3 | 17.1 | 67.3 |
| 2005 | ||||||||
| Assets | ||||||||
| Home | 25.8 | 62.2 | 73.9 | 75.9 | 73.4 | 72.0 | 61.0 | 63.9 |
| Other real estate | 6.3 | 12.4 | 20.5 | 20.9 | 21.2 | 16.4 | 11.3 | 16.3 |
| Business | 9.0 | 19.8 | 23.4 | 23.0 | 12.8 | 6.0 | 2.9 | 16.8 |
| Vehicle | 63.9 | 81.6 | 80.4 | 83.7 | 79.1 | 71.1 | 56.4 | 76.8 |
| Employer pension plan | 32.7 | 48.5 | 51.5 | 55.7 | 56.2 | 62.2 | 57.3 | 50.5 |
| Canada Savings Bonds | 8.7 | 9.6 | 11.7 | 11.8 | 8.8 | 12.1 | 12.9 | 10.6 |
| Stocks or mutual funds | 11.2 | 18.8 | 22.4 | 19.6 | 22.3 | 20.5 | 19.2 | 19.2 |
| Registered education savings plan | 4.6 | 20.9 | 22.3 | 8.1 | 2.2 | 1.3 | F | 11.4 |
| Registered retirement savings plan | 42.1 | 62.6 | 65.6 | 69.2 | 54.5 | 6.4 | F | 53.2 |
| Registered retirement income fund | F | F | 1.1 | 2.4 | 15.5 | 51.6 | 27.8 | 8.3 |
| Debts | ||||||||
| Mortgage on home | 24.6 | 55.9 | 50.0 | 35.2 | 18.3 | 6.0 | F | 34.8 |
| Line of credit | 20.5 | 31.6 | 35.0 | 26.8 | 22.3 | 8.5 | F | 25.5 |
| Credit cards | 40.2 | 45.4 | 40.5 | 37.2 | 23.9 | 12.2 | 5.4 | 34.8 |
| Vehicle loan | 29.3 | 30.3 | 33.2 | 31.6 | 17.3 | 9.8 | F | 26.6 |
| Student loan | 32.2 | 16.4 | 8.7 | 6.9 | 1.5 | F | F | 11.5 |
| Mortgage debt (overall) | 27.0 | 57.0 | 53.1 | 39.3 | 20.9 | 6.4 | 3.7 | 37.2 |
| Non-mortgage debt | 72.9 | 77.5 | 72.3 | 67.2 | 48.7 | 27.1 | 13.7 | 63.3 |
| Total debt | 76.8 | 87.8 | 80.6 | 74.1 | 54.1 | 29.9 | 16.1 | 69.9 |
| Source: Statistics Canada, Survey of Financial Security, 1999 and 2005. | ||||||||
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