Table 6
Percentage of total respondents by attributes on financial variables
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No debt | Household debt | All persons1 | |||||
---|---|---|---|---|---|---|---|
Under $50,000 | $50,000 to $149,999 | $150,000 to $249,999 | $250,000 and over | All debtors | |||
% | |||||||
Good or very good at... | |||||||
Keeping track of money | 72 | 66 | 69 | 67 | 68 | 67 | 69 |
Making ends meet | 82 | 75 | 77 | 77 | 80 | 77 | 78 |
Shopping around to get best products | 59 | 61 | 65 | 66 | 69 | 64 | 62 |
Staying informed on financial issues | 51 | 44 | 48 | 48 | 55 | 47 | 49 |
Agree with the following statements | |||||||
I enjoy dealing with financial matters | 43 | 39 | 43 | 45 | 49 | 42 | 42 |
I trust professional advisors | 52 | 60 | 62 | 62 | 59 | 61 | 58 |
I get advice from friends and family | 40 | 47 | 43 | 47 | 45 | 46 | 44 |
I got a clear idea of financial products needed | 76 | 72 | 74 | 73 | 78 | 74 | 74 |
I keep a close watch on financial affairs | 83 | 82 | 82 | 82 | 84 | 82 | 82 |
I know enough about investments to make right choices | 58 | 49 | 54 | 53 | 61 | 53 | 54 |
I always research my choices thoroughly | 73 | 71 | 72 | 74 | 78 | 73 | 73 |
Ever regretted financial decision | 36 | 45 | 50 | 50 | 58 | 49 | 45 |
Received financial advice for... | |||||||
Retirement planning | 17 | 21 | 29 | 29 | 30 | 25 | 23 |
Children's education | 3 | 8 | 12 | 14 | 18 | 12 | 9 |
Estate planning | 6 | 5 | 7 | 9 | 12 | 7 | 7 |
Insurance | 8 | 15 | 19 | 25 | 27 | 19 | 15 |
Tax planning | 10 | 11 | 16 | 17 | 23 | 15 | 13 |
General financial planning | 22 | 24 | 30 | 31 | 37 | 29 | 26 |
Didn't use any advice | 63 | 55 | 48 | 44 | 40 | 50 | 54 |
1. Excludes those who did not answer the Canadian Financial Capability Survey (CFCS) debt module. Source: Statistics Canada, Canadian Financial Capability Survey (CFCS), 2009. |
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