Title:The financial knowledge of Canadians
Corporate Author: Statistics Canada
Subject:Income security programs – general
Place of Publication:Ottawa
Date of Publication:2011
Many things influence how Canadians navigate their way through the many financial options and services available. One of the factors affecting the finances of individuals is their level of financial knowledge. This article uses the objective assessment (quiz) of financial knowledge that was asked as part of the Canadian Financial Capability Survey (CFCS) in 2009. It explores, for the first time in a national Canadian context, how personal financial knowledge is related to someone’s socio-demographic characteristics and other financial behaviours such as having a budget or having investments.