Table 10:
New Debt in Response to Pandemic
| Regression Variable | Increased |
|
|---|---|---|
| Credit Card Debt | Other Debt | |
| Female | −0.053** | −0.0072 |
| (0.017) | (0.013) | |
| 35–44 y | −0.039 | 0.001 |
| (0.024) | (0.018) | |
| 45–54 y | −0.068** | −0.011 |
| (0.024) | (0.018) | |
| 55–64 y | −0.053* | −0.014 |
| (0.028) | (0.022) | |
| Income 2019/$10,000 | −0.0002 | 0.0013 |
| (0.0023) | (0.0019) | |
| Laid off? | 0.042* | −0.0082 |
| (0.023) | (0.016) | |
| Can work from home? | −0.0042 | −0.0017 |
| (0.017) | (0.014) | |
| N | 2,496 | 2,496 |
Notes: Logit regressions use sample weights. Values are marginal effects with t-statistics in parentheses.
*
p < 0.1;
**
p < 0.01.
Source: Retirement and Savings Institute–Research Chair in Inter-generational Economics–Centre Interuniversitaire de Recherche en Analyse des Organisations Web survey conducted from 8 to 20 May 2020 using the AskingCanadians panel.