Younger Canadians feel more confident about their financial literacy skills.

 

That’s according to a recent survey from PC Financial, which was conducted ahead of Financial Literacy Month.

 

72 per cent of respondents ages 18 to 54 reported high confidence levels in financial literacy skills, compared to 86 per cent of those 55 and older.

 

Despite this, 81 per cent of older Canadians are confident in their ability to stick to a budget compared to 67 per cent of younger Canadians.

 

Financial advisor Jackie Porter says the findings indicate that while younger people are more aware about financial literacy, the increased cost of living is making saving up more difficult.

 

Listen to Thompson Today at 12:40 and 5:10 this afternoon for the full interview with Porter.