Study: Albertans’ financial literacy scores low

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A current research has discovered Albertans really feel as positively in direction of being examined on monetary literacy as they do swimming with sharks.

Director of Communications & Investor Training on the Alberta Securities Fee, Allison Trollope, is attempting to alter these emotions.

“We had been stunned to see Albertans attitudes in direction of their funds,” stated Trollope. “They had been fairly unfavourable.”

Trollope stated the vast majority of Albertans have emotions of anxiousness, stress, insecurity and embarrassment in direction of their funds.

“It’s troublesome to know precisely why they really feel this fashion,” stated Trollope. “However we consider studying about your funds and growing your monetary literacy might be straightforward and satisfying.”

One method to be taught is Alberta Securities Fee’s new client web site CheckFirst, which options easy-to-use movies to start out Albertans off on the proper foot on the subject of monetary literacy.

The positioning covers retirement planning, threat and reward, and the purple flags of fraud.

“The movies are straightforward to know, we’ve some new instruments — quizzes, calculators to assist be taught what your private threat tolerance is,” stated Trollope. “I feel it may be enjoyable.”

With the presence of fraud in society, merely studying about learn how to defend your self can ease finance rigidity.

“One of the necessary issues we urge Albertans to do, is to know the purple flags of fraud,” stated Trollope. “That may actually go a protracted method to defend your self.”

The company hopes the location will empower Albertans to make secure and knowledgeable monetary choices.

“We actually need Albertans to embrace monetary literacy,” stated Trollope.

March is Fraud Prevention Month in Alberta.

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