Information identified as archived is provided for reference, research or recordkeeping purposes. It is not subject to the Government of Canada Web Standards and has not been altered or updated since it was archived. Please "contact us" to request a format other than those available.
To the question: Are student loan borrowers who complete their postsecondary education more or less likely to have a registered pension plan, compared to their non-borrower counterparts? A. More likely or B. Less likely
The correct answer is A: According to data from the Survey of Labour and Income Dynamics, 2002 to 2007, student loan borrowers who completed their postsecondary education were more likely to have a registered pension plan compared to their non-borrower counterparts (43% versus 36%). Registered pension plans are typically available in unionized industries and high-skill occupations requiring higher levels of education.
However, postsecondary graduates who had taken up student loans were less likely to have investment income compared to their counterparts who did not borrow money to finance their education (39% versus 47%).
Chart - Proportion with investment income and registered pension plans
* significantly different from the reference group (ref.) at the 0.05 level.
Note: Sample size is 14,353 observations representing almost 8.6
million individuals age 20 to 45 who were not students in
2007.
Source: Statistics Canada, Survey of Labour and Income Dynamics,
2002 to 2007.
Table - Proportion with investment income and registered pension plans