Table 2
Household financial behaviours and financial knowledge quiz scores

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Household financial behaviours Average quiz score
Overall Average1
 Below-median household income
($0 to $67,000)		 Median household income ($67,001 to $95,000) Above-median household income
(over $95,000)		 Household income not stated2
percentage
Total 66.6 61.8 66.9 71.4 56.8
Use a household budget
No† 66.1 61.3 66.0 70.5 55.3
Yes 67.2* 62.4 67.6 72.1* 59.2*
Late payments in last twelve months
No† 67.1 62.0 67.0 71.7 57.6
Yes 63.7* 61.6 66.4 68.1* 52.8*
Financial struggle
No† 67.8 61.9 67.3 71.8 57.7
Yes 64.8* 61.8 66.4 69.9* 55.6
Have a credit card
No† 57.8 56.8 62.1E F 45.8
Yes 67.5* 62.9* 67.2* 71.6* 58.7*
Have investments
No† 63.7 60.0 65.2 69.6 52.7
Yes 70.8* 67.2* 69.4* 72.9* 63.4*
Responsibility for day-to-day bills
Self† 68.0 63.1 70.0 74.2 60.6
Spouse 65.9* 58.5* 64.0* 71.3* 56.0*
Both 66.1* 61.2 65.4* 70.8* 56.2*
Someone else 62.5* 60.1 61.7*E 64.1* 53.1*
Responsibility for financial decisions
Self† 68.4 63.3 70.3 76.1 60.0
Spouse 62.4* 56.1* 61.1* 68.0* 52.5*
Both 67.1* 61.6* 66.2* 71.4* 59.5
Someone else 62.8* 60.4* 63.7*E 64.0* 52.8*
Taken finance-related course in last 12 months
No† 66.2 61.2 66.4 71.5 56.2
Yes 69.5* 67.1* 70.2* 70.8 60.4*
E use with caution
F too unreliable to be published
† reference group
* statistically significant difference from the reference group at p < 0.05
1. Overall percentage means do not include those who did not state their household income.
2. Results reported for those who did not state their household income, but no analysis is provided in the article.
Source: Statistics Canada, Canadian Financial Capability Survey, 2009.