Financial Well-Being and its Relationship to Financial Literacy
Channel: National Best
Date: 2020-02-05

Financial Well-Being and its Relationship to Financial Literacy

What determines financial well-being if you are retired or nearing retirement?

What ensures you can fully meet current and ongoing financial obligations, you feel secure in your financial future, and are able to make financial choices that allow you to enjoy life?

The answer is FINANCIAL LITERACY!

According to research conducted by the Financial Consumer Agency of Canada, the following 5 aspects of Financial Literacy contributed the most to senior's financial well-being:
(1) financial confidence (2) making use of advice on financial products (3) financial knowledge (4) sticking to a budget and (5) having more sources of information that influence investment decisions.  
As Canadians age, the need for retirement planning and financial literacy is growing. Would you like to increase YOUR financial knowledge, skills and confidence, so that you can plan for the next stage in your life?
Book an appointment today with one of our National Best Advisors or enroll in one of our Financial Road Map Workshops to increase your financial literacy!

Data taken from https://www. canada.ca/en/financial-consumer-agency/programs/research/financial-literacy- retirement-well-being.html