Table 3
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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