Survey of Approaches to Educational Planning (SAEP)

Postsecondary education saving of economic family, value

Postsecondary education saving refers to the part of personal disposable income that is saved specifically for the postsecondary education for the children of the household.

Economic family refers to a group of two or more persons who live in the same dwelling and are related to each other by blood, marriage, common-law union, adoption or a foster relationship.

By definition, all persons who are members of a census family are also members of an economic family. Examples of the broader concept of economic family include the following: two co-resident census families who are related to one another are considered one economic family; co-resident siblings who are not members of a census family are considered as one economic family; and, nieces or nephews living with aunts or uncles are considered one economic family.

The data for this variable are reported using the following measurements:

• Canadian dollar at current prices