Only 18 percent of Canadians trust young adults’ money skills: poll
Seventy-two percent said they would feel more in control of their finances today with earlier financial education, and 83 percent said more education in school would have better prepared them to manage money independently.
On the question of catching up financially, agreement ranged from 47 percent in British Columbia to 61 percent in Saskatchewan and Manitoba and 61 percent in Atlantic Canada, with Alberta at 59 percent, Quebec at 51 percent, and Ontario at 49 percent.
The regional gap was wider on earlier education. Seventy-eight percent in British Columbia and 78 percent in Quebec said more schooling on money would have better prepared them, against 89 percent in both Alberta and Saskatchewan and Manitoba.
Belief that young adults can manage their money ran lowest in Saskatchewan and Manitoba at 9 percent and Alberta at 12 percent, and highest in Quebec at 22 percent.
Ninety-seven percent agree every student should have the opportunity to learn about money in school, and 95 percent consider financial literacy as important as core subjects such as math and reading.
