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One in Five Manitobans Feel Out of Control Financially: Survey

November 19, 2015 12:44 PM | News

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A newly-released survey finds one in five Manitobans feels they can do little to control their financial situation.

The data from the Manitoba Financial Literacy Forum also found 15 percent of Manitobans believe that they would put off dealing with their money problems.

“Learning how Manitobans understand their own financial situation and behaviour is an important first step for the Forum,” said Cynthia Duncan, co-chair of the Manitoba Financial Literacy Forum.

“We’re finding that many people want to improve their financial skills, and we’re committed to connecting them to the resources that can set them up for lifelong success.”

The findings of the survey are used to create a benchmark for the current state of financial literacy in the province.

The survey also found 11 percent say they do not know who or where to turn to solve a financial problem, while eight percent feel that they do not know how to make good financial decisions.

The survey was conducted among a random sample of 600 Manitobans 18 years of age and over between April 9 to 29, 2015 by Prairie Research Associates. It has a margin of error to ± 4.1%, 19 times out of 20.

Tags: Manitoba