| 1 | A | B | C | D | E |
| --- | --- | --- | --- | --- | --- |
| 2 | convergence of selected wealth indicators for 1999 cohorts of families with major income recipients aged 25 to 44 in 1999, 1999 to 2016 |  |  |  |  |
| 3 |  | 1999 | 2005 | 2012 | 2016 |
| 4 |  | 2016 dollars |  |  |  |
| 5 | median wealth |  |  |  |  |
| 6 | a) 1999 cohort of recent immigrant families | 27,263 | 170,400 | 325,800 | 504,009 |
| 7 | b) 1999 cohort of canadian-by-birth families | 88,733 | 182,917 | 395,645 | 520,163 |
| 8 | relative wealth differences | 3.25 | 1.07 | 1.21 | 1.03 |
| 9 |  | percent |  |  |  |
| 10 | percentage of families with a principal residence |  |  |  |  |
| 11 | 1999 cohort of recent immigrant families | 31.2 | 60.3 | 68.1 | 78.7 |
| 12 | 1999 cohort of canadian-by-birth families | 56.4 | 72.1 | 73.5 | 74.0 |
| 13 | percentage of families with rpp assets |  |  |  |  |
| 14 | 1999 cohort of recent immigrant families | 20.8 | 29.6 | 33.2 | 46.6 |
| 15 | 1999 cohort of canadian-by-birth families | 45.7 | 52.2 | 57.9 | 61.2 |
| 16 |  | number of observations |  |  |  |
| 17 | sample sizes |  |  |  |  |
| 18 | 1999 cohort of recent immigrant families | 390 | 119 | 206 | 255 |
| 19 | 1999 cohort of canadian-by-birth families | 5,454 | 1,700 | 3,752 | 3,701 |

Question: how many times was the median wealth of the 1999 cohort of canadian-born families higher than that of the 1999 cohort of recent immigrant families in 2016?
Answer: 1.03

Question: how many times was the median wealth of the 1999 cohort of canadian-born families down from that of the 1999 cohort of recent immigrant families in 2016?
Answer: 3.25