Connecting with Canadians

Research Report:

Financial Literacy: Lessons from International Experience

by Larry Orton

A new study by CPRN for the Financial Consumer Agency of Canada finds that difficulties with financial literacy – the ability to understand, analyze, and use information about financial decisions in day-to-day life – affect Canadians at all income levels. In Financial Literacy:  Lessons from International Experience, author Larry Orton calls for greater efforts to improve the financial skills of Canadians. Orton points out that the penalty for financial illiteracy can be severe, especially for low-income families that stand to lose the most proportionally from poor financial decisions.

Release Date: 27 Sep 2007
Number of pages: 63
Document number: 48647