Table 7
Proportion who correctly answered financial quiz question
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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 | |||
% | |||||||
Question | |||||||
1 | 60 | 67 | 72 | 70 | 73 | 69 | 66 |
2 | 29 | 46 | 51 | 53 | 56 | 49 | 42 |
3 | 32 | 34 | 36 | 38 | 42 | 36 | 35 |
4 | 66 | 71 | 73 | 76 | 77 | 73 | 71 |
5 | 71 | 77 | 83 | 80 | 79 | 80 | 77 |
6 | 55 | 60 | 67 | 63 | 65 | 63 | 60 |
7 | 48 | 53 | 57 | 60 | 63 | 57 | 54 |
8 | 57 | 64 | 65 | 67 | 71 | 66 | 63 |
9 | 31 | 39 | 42 | 46 | 47 | 42 | 38 |
10 | 19 | 27 | 32 | 31 | 29 | 29 | 26 |
11 | 55 | 73 | 79 | 79 | 84 | 77 | 69 |
12 | 77 | 90 | 93 | 93 | 92 | 92 | 87 |
13 | 59 | 69 | 74 | 76 | 76 | 72 | 68 |
14 | 76 | 88 | 92 | 91 | 91 | 90 | 85 |
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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