Financial Literacy in Canada, Part 2

by in KD Educational Corp.
Financial Literacy in Canada, Part 2
On our last blog, we mentioned how most Canadians are financially illiterate. So what happens when we do implement a successful financial literacy program in schools?

A study by Boston Consulting Group found that members of the Junior Achievement Canada’s financial literacy program were three times more likely to spend less than they earned, save more and borrow less.

Ultimately, the goal of implementing a financial literacy program in schools is to create a nation of knowledgeable and responsible citizens. Financially literate Canadians will able to create better plans for their future and retirement and just make better financial decisions in the long run. The government must recognize the huge impact of their citizens’ poor financial knowledge and decision-making on the national economies. So why not make that a priority?

And if you are still completely clueless on how to manage your finances, find ways to get informed. There are literally thousands of resources you can find by simply searching on google. Let’s all be pro-active – let’s put in the effort to get informed and spread awareness on the importance of financial literacy.

Source: https://www.theglobeandmail.com/life/globewe/dollars-and-smart-sense-why-every-canadian-child-needs-to-be-financially-literate/article37854898/, https://www.huffingtonpost.ca/justin-thouin/financial-literacy_b_16409874.html
Rate this blog entry:
0
KD PROFESSIONAL is a group of interconnected companies offering a wide range of financial, accounting and tax services to individuals and businesses across Canada.

Through our experienced staff and strategic alliances, we provide exemplary service and solutions to maximize your cash flow, while preserving Wealth.

Comments

  • No comments made yet. Be the first to submit a comment

Leave your comment

Guest
Guest Tuesday, 11 December 2018
Subscribe

If you have a question about one of our products or services, please do not hesitate to contact us!
Please Enter Your Name
Please Enter A Valid Email
Please Enter Your Phone Number
Please select your preferred method of contact.
Refresh Please letters shown!

KD Professional Services
Monday-Friday 9am- 5pm
102, 221 18th Street SE
Calgary, AB, T2E 6J5

403-219-0602
403-219-0603

Read our Tweets