Table 3
Median debt-to-income and debt-to-assets ratios over the life cycle
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| 1977 cohort | 1984 cohort | 1999 cohort | |
|---|---|---|---|
| ratio | |||
| Debt-to-income ratio | |||
| Young adults | 0.55 | 0.33 | 0.72 |
| Prime working years | 0.41 | ... | 1.09 |
| Middle working years | ... | 0.49 | ... |
| Late working years | 0.35 | 0.41 | ... |
| Near retirement | 0.24 | ... | ... |
| Debt-to-assets ratio | |||
| Young adults | 0.35 | 0.32 | 0.48 |
| Prime working years | 0.25 | ... | 0.39 |
| Middle working years | ... | 0.17 | ... |
| Late working years | 0.09 | 0.10 | ... |
| Near retirement | 0.03 | ... | ... |
| ... not applicable Sources: Statistics Canada, Survey of Consumer Finances, 1977 and 1984; Survey of Financial Security, 1999 and 2005. |
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