The table below contains more information regarding the indicator.
| Indicator name |
Prevalence of asset resilience |
|---|---|
| Target |
No specific target |
| Indicator description |
This indicator measures the percentage of persons who are asset resilient. Asset resilience is defined as having enough savings to maintain well-being for a specified period of time. More specifically, the ability of Canadians to cover unexpected expenses, or reduced income, by drawing from assets (e.g. a bank account) for a specified period of time. |
| Geographical coverage |
Canada (excluding territories) and provinces |
| Unit of measurement |
Percentage |
| Calculations |
Not applicable |
| Comments and limitations |
The target population for the Survey of Financial Security is families across the ten provinces of Canada. Excluded from the survey are: the territories, those living on reserves and other Aboriginal settlements, official representatives of foreign countries living in Canada and their families, members of religious and other communal colonies, members of the Canadian Forces living in military bases, people living in residences for senior citizens, and people living full time in institutions. These exclusions represent approximately 2% of the population. |