October 17, 2015 Jack M. Mintz School of Public Policy University - - PowerPoint PPT Presentation

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Background Information October 17, 2015 Jack M. Mintz School of Public Policy University of Calgary Figure 1: Household Net Worth to Personal Disposable Income 7 6 5 4 Canada USA 3 1970 1971 1972 1973 1974 1975 1976 1977 1978

SLIDE 1

Background Information October 17, 2015

Jack M. Mintz School of Public Policy University of Calgary

SLIDE 2

3 4 5 6 7 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012

Figure 1: Household Net Worth to Personal Disposable Income

Canada USA

Source Data : Cansim Tables 380-0019 & Table 378-0051 - Federal Reserve Z.1 Statistical Release *2012 data for Canada is averaged from 2012 Q1 & Q2 data – Published in J. Mintz and T. Wilson, SPP, 2013.

SLIDE 3

1 2 3 4 5 6 7 8 9 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012-Q1&2

Figure 2: Ratio of Household Assets & Debt to Personal Disposable Income

Total Assets Net Worth Liabilities

SLIDE 4

0% 10% 20% 30% 40% 50% 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 ave

Figure 3: Personal Savings as % of Disposable Income

Balance Sheet Savings National Account Savings

Source Data: Cansim Tables 380-0019 & 378-0051

Notes: 1) Balance sheet savings are calculated as a 3 year moving average 2) Balance sheet savings is calculated as change in real net worth, counting consumer durables are as savings 3) "Full" disposable income adjusted from sector accounts data to include capital gains 4) 2012 data is Q1&Q2 avearged.

SLIDE 5

0% 5% 10% 15% 20% 25% 30% 35% 40% 45% 50%

Korea Ireland Mexico Australia Spain Greece United States Japan Switzerland Portugal Turkey OECD 30 Belgium Italy Finland United Kingdom Denmark Norway France Germany Austria Sweden Canada Slovak Republic Iceland Poland Hungary Luxembourg Czech Republic Netherlands New Zealand

65+ Income Poverty (Incomes Less Than 50% of Median Household Disposable Income)

Data Source : OECD 2011

SLIDE 6

0% 2% 4% 6% 8% 10% 12% 14% 16% 18%

All 65+ 66-75 75+ Men Women Single Couple Canada Income Poverty: Distribution Among 65+ (Incomes Less Than 50% of Median Household Disposable Income)

Data Source : OECD 2011