Table 4
Financial literacy across categories of household debt

Table 4
Financial literacy across categories of household debt
Table summary
This table displays the results of financial literacy across categories of household debt. This information is grouped by no debt, household debt (under $50,000, $50,000 to $149,999, $150,000 to $249,999, $250,000 and over, all debtors), all persons (appearing as column headers), calculated using percentage and percentage distribution of persons as a unit of measure.
	No debt	Under $50,000	$50,000 to $149,999	$150,000 to $249,999	$250,000 and over	All debtors	All persons¹
	No debt	Household debt					All persons¹
	%
Average financial literacy	68	70	73	74	76	72	71
	% distribution of persons
Level of financial knowledge	100	100	100	100	100	100	100
Very knowledgeable	6	6	6	5	9	6	6
Knowledgeable	32	28	30	30	36	30	30
Fairly knowledgeable	40	46	48	48	41	46	44
Not very knowledgeable	18	18	15	15	12	16	17
Not stated	5	2	2	2	3	2	3
1. Excludes those who did not answer the Canadian Financial Capability Survey (CFCS) debt module. Source: Statistics Canada, Canadian Financial Capability Survey (CFCS), 2009.

Language selection