Canadians feel the 2008 economic crisis has made them more financially literate, according to a poll by BMO.
The majority of respondents say they now have a better understanding of their investments, and 74% rate themselves as either a B or C when it comes to financial literacy. How do you measure up?
- 1. Do you feel knowledgeable about Registered Retirement Savings Plans? (79% answered yes, compared to 69% in 2008)
- 2. Are you comfortable with Tax-Free Savings Accounts? (72% said yes, compared to 64% in 2008)
3. Are you confident in Guaranteed Investment Certificates? (62% said yes, up from 60%)
Are there specific financial topics you feel more comfortable with now, compared to in 2008? What financial areas of your life could use some improvement?