Concerning the 2020 Financial Capability that is canadian Survey

Concerning the 2020 Financial Capability that is canadian Survey

Introduction

The Financial customer Agency of Canada (FCAC) guarantees federally regulated monetary entities conform to consumer security measures, encourages education that is financial and raises customers’ awareness of their legal rights and duties. In 2015, FCAC launched Canada’s first National technique for Financial Literacy – Count me in, Canada which identified 3 overarching priorities when it comes to growth of initiatives to bolster Canadians’ economic literacy and monetary wellbeing. These priorities included strengthening Canadians’ power to handle money and financial obligation sensibly, assisting them plan and save yourself money for hard times, and increasing their understanding on how to avoid and protect on their own against fraudulence and abuse that is financial.

The Canadian Financial ability Survey (CFCS) is really a cross-sectional study which has been carried out for a cycle that is 5-year. Earlier versions had been fielded in 2014 and 2009. This report utilizes results through the 2019 study to evaluate just just how Canadians are faring when it comes to their monetary literacy and monetary wellbeing based from the priorities outlined when you look at the National Strategy. Continue reading “Concerning the 2020 Financial Capability that is canadian Survey”