Table A.6
Predicted probability of expected adequacy of retirement income, by informational resources of the near-retirees, Canada, 2007

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  Expect retirement income to be…
Inadequate or very inadequate Barely adequate Adequate or more than adequate
Percentage
Predicted probability of outcome
6.2
19.4
74.4
  percentage points
Receive financial advice from any source
Difference associated with change in...
Yes
- 2.3% pts
- 4.8% pts
7.1% pts
No
rg
rg
rg
Receive financial advice from financial industry
Yes
- 1.6% pts
- 3.6% pts
5.2% pts
No
rg
rg
rg
Understand public retirement programs
Not at all
rg
rg
rg
Somewhat
- 1.9% pts
- 4.2% pts
6.1% pts
Very well
- 3.7% pts
- 9.2% pts
12.9% pts
Gathered retirement information
Yes
ns
ns
ns
No
rg
rg
rg
rg Reference group.
ns Not significant.
Note: Percentage point differences in this table are to be interpreted by comparing them to the reference group for each characteristic. For instance, it is predicted that those receiving financial advice from any source will be 2.3% points less likely than those not receiving financial advice to state that they expect their retirement income to be inadequate or very inadequate.
Source: Statistics Canada, General Social Survey 2007.