An Innovative Approach to Reaching Canadians and Encouraging Budgeting Behaviour
International research has identified budgeting as a key component of effective money management. Budgeting helps consumers to prioritize spending to ensure that they will have enough money for the things they need and want.
Keep Reading >Financial Confidence
In 2016, the National Steering Committee for Financial Literacy established a Research Sub-Committee to provide it, and the Financial Literacy Leader, expert advice based on robust empirical evidence. This past April, the Sub-Committee issued its progress report on the major themes and emerging trends from studies contributing to the delivery of the National Strategy for Financial Literacy.
Keep Reading >Youth Financial Literacy
Another study reviewed by the National Steering Committee for Financial Literacy’s Research Sub-Committee assessed the relative performance of Canadian youth in financial literacy. Some 87 percent of Canadian students performed at or above Level 2 (baseline level of financial literacy), defined by the OECD as allowing them “to participate fully in modern society”.
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