On average, each Canadian household spent $71,360 in 2008 up two per cent from 2007 1
The average household debt in Canada is 131 per cent of annual household income? 2
The average household only saves $1000 per year? 2
One in three people, on average, will be disabled for 90 days or longer at least once before age 65. 3
The average length of a disability that lasts over 90 days is 2.9 years. 3
There are an estimated 70,000 heart attacks each year in Canada. That’s one heart attack every seven minutes. 4
Almost half (43 per cent) of Canadians are concerned about their financial condition at retirement. 5
Canadian households did not experience any particular relative wealth increase in the past two decades. 6
In 2007, Canadians donated $10 billion to charities. 84 per cent of people over the age of 15 gave a donation to a charity or not-for-profit organization. 7
References
1. Statistics Canada
2. The Vanier Institute of the Family, Issue 5
3. CIA 86-92 Aggregate Table & 1985 Commissioner’s Disability Table A (Experience Table)
4. Heart and Stroke Foundation
5. Certified General Accountants Association of Canada, Where Is the Money Now: The State of Canadian Household Debt as Conditions for Economic Recovery Emerge, page 25
6. Certified General Accountants Association of Canada, Where Is the Money Now: The State of Canadian Household Debt as Conditions for Economic Recovery Emerge, page 37
7. “Caring Canadians, Involved Canadians: Highlights from the 2007 Canada Survey of Giving, Volunteering and Participating, published by Statistics Canada, 2009, page 11