Debt and assets among senior Canadian families
Author: Sharanjit Uppal
Topic: Asset building and saving, Credit & Debt
Publisher: Statistics Canada
Location: Canada
Format: Report
Content Type: Research
Publication Date: April 3, 2018

Using data from the Survey of Financial Security (SFS), this article looks at changes in debt, assets and net worth among senior Canadian families over the period from 1999 to 2016. It also examines changes in the debt-to income ratio and the debt to-asset ratio of senior families with debt.

This study finds that the proportion of senior families with debt increased from 27% to 42% between 1999 and 2016. 

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