In May of this year, the Financial Consumer Agency of Canada released information advising that Canadian youth (15-yearolds surveyed) are among the world’s top-performing students in terms of financial literacy, according to a report published by the Organisation for Economic Co-operation and Development (OECD). On average, students with a bank account had higher financial literacy than students who didn’t. Four out of five Canadian students said if they did not have enough money to buy something they really wanted, they would either save up to buy it, or would not buy it. Notably, the findings indicated that discussing money matters with parents is associated with higher financial literacy; students who did so once or twice a week scored highest. Bravo, students! Reviewing our finances and discussing them with our significant others puts us in the know with respect to our money, and that’s always a good thing.

Abakhan & Associates Inc., Abakhan.com