Additional Information
Please fill-in the following information before you start your courses:
First Name: Last Name: Organization/Agency your work for: (Please put N/A if you are not working for anyone) City and province: Which of the following financial empowerment services does your organization provide? (Check any that apply): Save
Show inline popup

Financial Capability and Essential Skills: An exploratory analysis
Get it

You need to login or register to bookmark/favorite this content.

This paper explores the relationship between financial capability, literacy, and a series of rich indicators of socio-demographics, psychosocial outcomes and well-being. The analysis conducted in this report builds on an existing large scale research project, UPSKILL, a pan-Canadian research and demonstration project, commissioned by the Office of Literacy and Essential Skills (OLES) a branch within Employment and Social Development Canada (ESDC). One of the key findings of the first analysis is that the majority of the variance of the financial capability measures included in this study is attributed to socio-demographic and psychosocial characteristics. Age (over 35 years of age) was positively related with all three domains of financial capability. The psychosocial characteristics resilience, motivation, self-efficacy and life-satisfaction were all positively related with making ends meet and keeping track.
Author: David Gyarmati, Sophie Hebert
Topic: Financial literacy
Publisher: SRDC - Social Research and Demonstration Corporation
Location: Canada
Format: Report
Content Type: Research
Publication Date: September 30, 2014