Financial Literacy: Barely Passing

Financial literacy in Quebec is stagnating, according to the latest financial literacy index produced by Autorité des Marchés financiers. With a score of 54%, there is clearly a long way to go.

The research report also highlights the direct relationship between financial product ownership and attitudes towards financial prudence. Someone who has taken the time to study personal finance (with good literacy) will tend to take less reckless risk-taking when it comes to investing; and, when it comes to greater courage, the risk will be better calculated.

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