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Financial Well-being in Canada: Survey Results

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Financial Well-being in Canada: Survey Results

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Questions and Answers

What are the key drivers of financial well-being based on the text?

Entertainment preferences

Social media

Psychological influences (correct)

Technological advancements

What do older Canadians with high financial well-being usually have?

Insecurity about the future

Positive financial choices and experience (correct)

Limited financial knowledge

High debt levels

How is financial well-being determined in the Kempson et al. model?

By income alone

By 5 categories of factors including financial behaviors, social factors, psychological factors, economic factors, financial knowledge and experience (correct)

By financial products experience

By age and employment status only

What is the main focus of the Backgrounder report released by FCAC in November 2018?

<p>Describing financial well-being in Canada and comparing results with other countries</p> Signup and view all the answers

Based on the text, what is a key finding related to Canadians with high financial well-being?

<p>Actively saving leads to higher levels of financial well-being regardless of income</p> Signup and view all the answers

Financial Well-being in Canada: Survey Results

Choose a study mode

Podcast

Questions and Answers

What are the key drivers of financial well-being based on the text?

What do older Canadians with high financial well-being usually have?

How is financial well-being determined in the Kempson et al. model?

What is the main focus of the Backgrounder report released by FCAC in November 2018?

Based on the text, what is a key finding related to Canadians with high financial well-being?

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