55% of Canadians have unsuitable numeracy skills, which means that they may struggle with understanding written instructions that rely on charts, numbers, and conditional statements (if-then statements).

4 in 10 Canadians report that money is a daily concern, and a third of low-income Canadians report worrying about money almost constantly (Canadians and their Money – Financial Planning Standards Council, 2016).

Less than half of Canadians (46%) have a budget (Managing Money and Planning for the Future: Key Findings from the 2014 Canadian Financial Capability Survey – Financial Consumer Agency of Canada, 2015).

Nearly 6 out of 10 Canadian adults (59.6%) do not have a good idea of how much money they need to save to retire when and in the way that they want (Financial Literacy and Retirement Well-Being in Canada: An Analysis of the 2014 Canadian Financial Capability Survey – Financial Consumer Agency of Canada, 2017).

People who have higher levels of financial confidence tend to have better results with day-to-day money and debt management than those with low levels of confidence (The link between financial confidence and financial outcomes among working-age Canadians – Social Research and Demonstration Corporation, 2016).

About four in 10 Canadians say they found ways to increase their financial knowledge, skills and confidence in the past 5 years. There is evidence that financial literacy, resources and tools are helping Canadians to manage their money. (Canadians and their Money: Key Findings from the 2019 Canadian Financial Capability Survey – Financial Consumer Agency of Canada, 2019).