Table 3 
Percentage of Canadian families that are debt-free by age group 

Percentage of Canadian families that are debt-free by age group
  1999 2005 2012 2016 2019
%%%%%
Age of major income recipient          
All ages 32.7 30.6 28.9 29.6 30.2
under 35 20.4 24.5 21.4 23.4 24.5
35 to 44 20.0 15.8 15.3 15.4 13.7
45 to 54 23.7 21.3 19.3 18.4 18.5
55 to 64 39.1 32.2 29.8 26.6 28.1
65 and older 72.6 66.3 57.5 58.0 56.7
Source(s):
Survey of Financial Security (2620).
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