Table 2
Detailed assets and debts, young adults age 28 to 34

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1977 1984 1999 2005
$
Median household net worth 30,100 23,700 20,000 17,400
Median household assets 61,300 48,000 54,600 43,100
Median household debt 14,400 8,500 18,800 23,700
Mean household assets 81,700 79,500 95,700 101,100
Principal residence 46,100 36,500Note * 45,700 53,500
Other real estate 5,400 7,800 6,500 10,000
Vehicles 5,000 6,100Note * 6,400Note * 6,200Note *
Equity in business 13,100 13,000 13,000 6,700
Private pension assets 3,700 5,500Note * 14,400Note * 15,300Note *
Other financial assets 8,400 10,600Note * 9,700 9,400
Mean household debt 25,900 26,300 38,300Note * 47,200Note *
Mortgage on principal residence 19,800 14,800 28,600Note * 32,300Note *
Other debt 6,100 11,500Note * 9,700Note * 14,900Note *
Mean household net worth 55,800 53,100 57,500 53,800
Note: Other durables are excluded from the analysis for comparison purposes. Significance testing using the jackknife method was done for all average values, with the * indicating that the 1984, 1999 and 2005 values were different from the 1977 cohort at the 5% level of significance.
Sources: Statistics Canada, Survey of Consumer Finances, 1977 and 1984; Survey of Financial Security, 1999 and 2005.
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