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  • Articles and reports: 75-001-X201200211636
    Geography: Canada
    Description:

    This article uses data from the 2009 Canadian Financial Capability Survey to study various aspects of household debt. It examines the characteristics of borrowers and the types of households that are more likely to carry debt. The paper also looks at the association between financial knowledge and the amount of debt held, using multivariate techniques.

    Release date: 2012-03-23

  • Articles and reports: 75-001-X201100411535
    Geography: Canada
    Description:

    About 1 in 6 Canadian workers is self-employed. Does taking on the responsibility of a business result in greater earning potential? More wealth? Affect spending patterns? This paper uses a variety of data sources to examine how the self-employed differ from paid employees in income level and dispersion, wealth, retirement preparation and spending.

    Release date: 2011-09-23

  • Articles and reports: 75-001-X201100311529
    Geography: Canada
    Description:

    This study examines the financial situation of individuals living in low-income families with at least one employed family member compared to low-income families with no employed family members and employed non-low-income families. It presents new findings from the Canadian Financial Capability Survey on the level of net worth, assets and debts, financial security and retirement preparation of these groups.

    Release date: 2011-07-22

  • 4. Retiring with debt Archived
    Articles and reports: 75-001-X201100211428
    Geography: Canada
    Description:

    It is often assumed that over the life course most older workers will pay off their debts and save for retirement. However, research from the United States suggests that an increasing number of seniors who are in pre-retirement or are retired are now struggling with debt. This article uses the 2009 Canadian Financial Capability Survey to look at the proportion, type and level of debt among Canadian retirees age 55 and over. It examines the socio-economic and demographic factors influencing the likelihood of carrying any debt in retirement. The financial circumstances of indebted retirees are also examined, including three indicators of financial security.

    Release date: 2011-04-27

  • Articles and reports: 11-008-X201100111430
    Geography: Canada
    Description:

    Although Canada fared better in the 2008 economic downturn than many other countries, increasing levels of household debt remain a concern. This article explores rising levels of household debt over the past 40 years using National Accounts data. It also uses data from the 2009 Canadian Financial Capability Survey to examine which types of families are most likely to experience high levels of debt - that is, to make debt payments greater than 40% of their pre-tax household income, to have a debt-to-asset ratio of over 80%, and to have a high debt-to-income ratio relative to other family types.

    Release date: 2011-04-21

  • Articles and reports: 11-008-X201100111413
    Geography: Canada
    Description:

    Many things influence how Canadians navigate their way through the many financial options and services available. One of the factors affecting the finances of individuals is their level of financial knowledge. This article uses the objective assessment (quiz) of financial knowledge that was asked as part of the Canadian Financial Capability Survey (CFCS) in 2009. It explores, for the first time in a national Canadian context, how personal financial knowledge is related to someone's socio-demographic characteristics and other financial behaviours such as having a budget or having investments.

    Release date: 2011-03-08

  • Articles and reports: 11-624-M2010026
    Geography: Canada
    Description:

    The Canadian Financial Capability Survey (CFCS), released by Statistics Canada in December 2009, was designed to collect information about Canadians' knowledge, abilities, and behaviours concerning financial decision-making. In addition to information on approaches to money management and financial planning, the CFCS collected information on issues relevant to current discussions about Canada's retirement income system. For example, retired respondents were asked about their financial standard of living in retirement and whether their retirement income is sufficient to comfortably cover their bills and financial commitments. Working-age Canadians were asked about their financial preparations for retirement. This research note provides highlights on retirement issues using the CFCS.

    Release date: 2010-06-08
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  • Articles and reports: 75-001-X201200211636
    Geography: Canada
    Description:

    This article uses data from the 2009 Canadian Financial Capability Survey to study various aspects of household debt. It examines the characteristics of borrowers and the types of households that are more likely to carry debt. The paper also looks at the association between financial knowledge and the amount of debt held, using multivariate techniques.

    Release date: 2012-03-23

  • Articles and reports: 75-001-X201100411535
    Geography: Canada
    Description:

    About 1 in 6 Canadian workers is self-employed. Does taking on the responsibility of a business result in greater earning potential? More wealth? Affect spending patterns? This paper uses a variety of data sources to examine how the self-employed differ from paid employees in income level and dispersion, wealth, retirement preparation and spending.

    Release date: 2011-09-23

  • Articles and reports: 75-001-X201100311529
    Geography: Canada
    Description:

    This study examines the financial situation of individuals living in low-income families with at least one employed family member compared to low-income families with no employed family members and employed non-low-income families. It presents new findings from the Canadian Financial Capability Survey on the level of net worth, assets and debts, financial security and retirement preparation of these groups.

    Release date: 2011-07-22

  • 4. Retiring with debt Archived
    Articles and reports: 75-001-X201100211428
    Geography: Canada
    Description:

    It is often assumed that over the life course most older workers will pay off their debts and save for retirement. However, research from the United States suggests that an increasing number of seniors who are in pre-retirement or are retired are now struggling with debt. This article uses the 2009 Canadian Financial Capability Survey to look at the proportion, type and level of debt among Canadian retirees age 55 and over. It examines the socio-economic and demographic factors influencing the likelihood of carrying any debt in retirement. The financial circumstances of indebted retirees are also examined, including three indicators of financial security.

    Release date: 2011-04-27

  • Articles and reports: 11-008-X201100111430
    Geography: Canada
    Description:

    Although Canada fared better in the 2008 economic downturn than many other countries, increasing levels of household debt remain a concern. This article explores rising levels of household debt over the past 40 years using National Accounts data. It also uses data from the 2009 Canadian Financial Capability Survey to examine which types of families are most likely to experience high levels of debt - that is, to make debt payments greater than 40% of their pre-tax household income, to have a debt-to-asset ratio of over 80%, and to have a high debt-to-income ratio relative to other family types.

    Release date: 2011-04-21

  • Articles and reports: 11-008-X201100111413
    Geography: Canada
    Description:

    Many things influence how Canadians navigate their way through the many financial options and services available. One of the factors affecting the finances of individuals is their level of financial knowledge. This article uses the objective assessment (quiz) of financial knowledge that was asked as part of the Canadian Financial Capability Survey (CFCS) in 2009. It explores, for the first time in a national Canadian context, how personal financial knowledge is related to someone's socio-demographic characteristics and other financial behaviours such as having a budget or having investments.

    Release date: 2011-03-08

  • Articles and reports: 11-624-M2010026
    Geography: Canada
    Description:

    The Canadian Financial Capability Survey (CFCS), released by Statistics Canada in December 2009, was designed to collect information about Canadians' knowledge, abilities, and behaviours concerning financial decision-making. In addition to information on approaches to money management and financial planning, the CFCS collected information on issues relevant to current discussions about Canada's retirement income system. For example, retired respondents were asked about their financial standard of living in retirement and whether their retirement income is sufficient to comfortably cover their bills and financial commitments. Working-age Canadians were asked about their financial preparations for retirement. This research note provides highlights on retirement issues using the CFCS.

    Release date: 2010-06-08
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