Keyword search
Results
All (1)
All (1) ((1 result))
- 1. Incomes from Owner-occupied Housing for Working-age and Retirement-age Canadians, 1969 to 2006 ArchivedArticles and reports: 11F0027M2010066Geography: CanadaDescription:
Using data from the Survey of Household Spending and from its predecessor, the Survey of Family Expenditures, this paper investigates the relative incomes of retirement-age and working-age Canadians from 1969 to 2006, taking into account both explicit household income and the implicit income generated by owner-occupied housing. Over this 37-year period, the explicit incomes of retirement-age households increased at a more rapid pace than those of working-age households. Implicit income from owner-occupied housing also increased rapidly during this time, matching the rate at which the explicit income of retirement-age households increased. On average, this implicit source of earnings raised the incomes of retirement-age households (aged 70 and over) by 16%. Taking both forms of income into account, the incomes of retirement-age households (aged 70 and over), relative to the incomes of working-age households (aged 40 to 49), increased from 45% in 1969 to 59% in 2006. During this period, Canadians invested in housing assets that provided additional income upon retirement.
Release date: 2010-12-09
Data (0)
Data (0) (0 results)
No content available at this time.
Analysis (1)
Analysis (1) ((1 result))
- 1. Incomes from Owner-occupied Housing for Working-age and Retirement-age Canadians, 1969 to 2006 ArchivedArticles and reports: 11F0027M2010066Geography: CanadaDescription:
Using data from the Survey of Household Spending and from its predecessor, the Survey of Family Expenditures, this paper investigates the relative incomes of retirement-age and working-age Canadians from 1969 to 2006, taking into account both explicit household income and the implicit income generated by owner-occupied housing. Over this 37-year period, the explicit incomes of retirement-age households increased at a more rapid pace than those of working-age households. Implicit income from owner-occupied housing also increased rapidly during this time, matching the rate at which the explicit income of retirement-age households increased. On average, this implicit source of earnings raised the incomes of retirement-age households (aged 70 and over) by 16%. Taking both forms of income into account, the incomes of retirement-age households (aged 70 and over), relative to the incomes of working-age households (aged 40 to 49), increased from 45% in 1969 to 59% in 2006. During this period, Canadians invested in housing assets that provided additional income upon retirement.
Release date: 2010-12-09
Reference (0)
Reference (0) (0 results)
No content available at this time.
- Date modified: