Table A.4
Predicted probability of informational resources among the hear-retirees, by various demographic and employment characteristics, Canada, 2007

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  Typically receive financial advice from at least one source Typically receive financial advice from financial industry Understand public retirement income programs Gathered retirement information in the past 5 years1
Not at all Somewhat Very well
percentage
Predicted probability of outcome
74.4
49.9
23.4
58.5
18.0
40.3
Difference associated with change in...
  percentage points
Less than 5 years to planned retirement
9.2
ns
-3.8
0.4
3.4
22.9
5 to 9 years to planned retirement
4.6
ns
-2.8
0.4
ns
6.1
10 to 14 years to planned retirement
ns
ns
-2.9
0.4
2.6
ns
15 or more years to planned retirement
rg
rg
rg
rg
rg
rg
Don't know / Don't intend to retire
- 7.0
- 8.7
ns
ns
ns
ns
Age
ns
ns
ns
ns
ns
ns
Age squared
ns
ns
ns
ns
ns
ns
Gender
Men
rg
rg
rg
rg
rg
rg
Women
5.5
ns
6.2
- 1.1
-5.1
-3.2
Marital status
Married/Common-law
rg
rg
rg
rg
rg
rg
Other
-3.0
ns
ns
ns
ns
ns
Immigration status
Canadian-born
rg
rg
rg
rg
rg
rg
Immigrated before 1975
ns
- 7.0
ns
ns
ns
-5.9
Immigrated 1975-1989
-7.2
-15.6
7.2
-2.2
-4.9
-10.3
Immigrated since 1990
-11.2
-19.0
13.5
-5.5
-8.0
-11.6
Self-assessed health
Excellent health
rg
rg
rg
rg
rg
rg
Very good health
ns
ns
ns
ns
ns
ns
Good health
-5.6
- 6.8
4.9
-1.1
-3.7
ns
Fair or poor health
-7.8
-11.1
6.6
-2.0
-4.6
ns
Unionization
Non-unionized employees
rg
rg
rg
rg
rg
rg
Unionized employees
ns
ns
ns
ns
ns
ns
Self-employed
ns
8.7
ns
ns
ns
ns
Occupation
Management
7.3
10.3
-5.1
ns
ns
13.5
Professional
7.0
6.8
-6.4
ns
6.0
12.7
Technologists/technicians
9.6
10.8
ns
ns
ns
16.8
Clerical
7.6
9.7
-5.8
ns
5.5
14.3
Sales/services
4.8
ns
ns
ns
ns
8.4
Trades, transportation and Equipment operators
5.3
ns
ns
ns
-3.8
ns
Occupations in primary industries
ns
11.8
ns
ns
ns
ns
Occupations in processing, manufacturing and utilities
rg
rg
rg
rg
rg
rg
Job tenure
ns
-0.2
-0.2
0.03
0.1
ns
Housing tenure
Housing rented
rg
rg
rg
rg
rg
rg
Housing owned with mortgage
ns
8.5
ns
ns
ns
ns
Housing owned without mortgage
5.0
13.1
ns
ns
ns
ns
Housing tenure not stated or other
ns
10.6
ns
ns
ns
ns
Household income
Less than $40,000
rg
rg
rg
rg
rg
rg
$40,000 to $59,999
3.7
7.9
ns
ns
ns
10.8
$60,000 to $79,999
5.3
6.6
-3.7
0.4
3.3
14.0
$80,000 to $99,999
ns
7.6
-5.3
ns
5.0
15.7
$100,000 or more
5.6
8.1
- 4.4
0.6
3.8
12.8
Not stated
ns
ns
ns
ns
ns
ns
Pension coverage
No
rg
rg
rg
rg
rg
rg
Yes
ns
- 4.6
ns
ns
ns
7.9
Inconsistent answers2
ns
ns
3.7
ns
-2.8
5.8
Contribution to a registered retirement savings plan (RSSP) in the last five years
No
rg
rg
rg
rg
rg
rg
Yes - Assets less than $50,000
12.5
17.7
ns
ns
ns
13.0
Yes - Assets $50,000 to $100,000
18.3
30.6
-6.7
ns
6.5
23.9
Yes - Assets greater than $100,000
22.1
37.7
-6.4
ns
6.1
28.0
Yes - Assets not stated
16.0
26.6
ns
ns
ns
17.3
rg Reference group.
ns Not significant.
1. Only includes persons who stated a planned age of retirement.
2. About 10% of respondents provided inconsistent answers to the two questions about pension coverage and are treated as a separate category.
Note: Percentage point differences in this table are to be interpreted by comparing them to the reference group in each category. For instance, it is predicted that women will be 5.5 percentage points more likely than men to state that they typically receive financial advice from at least one source.
Source: Statistics Canada, General Social Survey, 2007