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.

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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.


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Guest Saturday, 16 February 2019

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