Managing Money and Planning for the Future: Key Findings from the 2014 Canadian Financial Capability Survey
Author: FCAC - Financial Consumer Agency of Canada
Topic: Financial literacy
Publisher: FCAC - Financial Consumer Agency of Canada
Location: Canada
Format: Report
Content Type: Research
Publication Date: November 24, 2015
In 2014, FCAC sponsored the Canadian Financial Capability Survey (the CFCS 2014), a national survey of consumers that was conducted by Statistics Canada, to shed light on Canadians’ self-reported knowledge, abilities and behaviours related to a range of financial issues. The survey results provide a benchmark of how Canadians are doing on a number of indicators of financial well-being. This report presents the results of the CFCS 2014 on two areas of focus: managing money and debt wisely; and planning and saving for the future. The report also describes results by sociodemographic groups—Aboriginal peoples living off reserve, newcomers to Canada and low-income earners—as well as by age group, educational attainment, household income, and relationship status.
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