Wealth advisory firm AMS Wealth says the findings aren't surprising, considering the lack of education on these topics in the school system From m_zadikian
Less than half of respondents to a new Yahoo/Maru poll said they feel very confident in their financial literacy of stocks and bonds.
"Unfortunately, escalating interest rates and biting inflation are going to be a crash course in real-time financial literacy for a majority of Canadians," John Wright, executive vice-president of Maru Public Opinion, told"The findings harbour an encouraging sign that younger Canadians outpace their older counterparts in having some form of more financial education about personal finances.
Meanwhile, Salgado questions whether some Canadians might be overestimating their financial literacy skills. With so many pressures on household finances, one reason why some Canadians don't understand investments is because they don't have enough money left over at the end of the month to sock away in a portfolio."If there isn't enough money left over then why is this person going to care to learn about investments?" Salgado said.
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