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 Household debt All persons1
Under $50,000 $50,000 to $149,999 $150,000 to $249,999 $250,000 and over All debtors
%
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.
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