Table 4 Financial indicators of retired population age 55 and over with debt

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  Median annual household income Median net worth Median debt Median debt-to-income ratio Median debt-to-assets ratio
$
Total 42,000 295,000 19,000 0.47 0.07
Age
55 to 64 (ref.) 48,000 305,000 20,000E 0.53E 0.09E
65 to 74 40,000 287,000 18,000 0.44 0.06
75 and over 35,000 F 15,000E F F
Men (ref.) 45,000 310,000 22,000E 0.59 0.09
Women 41,000 282,000E 15,000 0.36*E 0.06*
Level of education
Less than high school (ref.) 32,000 125,000E 13,000E F 0.11
High school or some postsecondary 42,000* 287,000* F 0.45 0.06*E
University degree 55,000* 454,800* 20,000* 0.49E 0.07*
Family status
Widowed 32,000* F F 0.44E F
Divorced 28,000* 126,500* F 0.50 F
Never married 33,000*E 166,500*E 10,000* 0.58E F
In a couple, both retired (ref.) 50,000 360,000 20,000 0.44 0.07E
Immigrant (ref.) 42,000 295,000E 35,000E 0.80E 0.14E
Canadian-born 42,000 297,000 15,000* 0.40* 0.07*
Homeowner 50,000* 369,500 24,000* 0.57 0.07
Non-owner (ref.) 25,000 F 4,000E F F
Annual household income
Less than $25,000 18,000* F 10,000* 0.58 0.16*
$25,000 to $49,999 (ref.) 35,000 236,000 18,000E 0.49 0.08E
$50,000 to $74,999 60,000* 470,000* 25,000E 0.42E 0.05E
$75,000 or more 100,000* 690,000*E F 0.33E 0.05E
Not stated .. F F .. ..
Debt level
Less than $5,000 35,000 158,000*E 1,500* 0.04* F
$5,000 to $24,999 (ref.) 44,000 285,000 12,000 0.26 0.05
$25,000 to $99,999 50,000 369,500E 43,000* 1.00* 0.11*
$100,000 or more 62,000 440,000 170,000* 2.86* 0.26*
Net worth (assets minus debts)
Less than $75,000 24,000* F 8,000* 0.47 0.63*
$75,000 to $399,999 (ref.) 38,500 207,500 20,000 0.49 0.09
$400,000 or more 65,000* 704,000* 30,000E 0.50E 0.04*
Not stated 42,000 .. 15,000E F ..
* significant difference from the reference (ref.) group at the 0.05 level
.. not available for a specific reference period.
E use with caution.
F too unreliable to be published.
Source: Statistics Canada, Canadian Financial Capability Survey, 2009.