Investor knowledge: A study of financial literacy in Ontario How much do people in Ontario know about money and investing? That was the big question Investor Education Fund tackled recently. In October 2010, IEF conducted a financial literacy survey of 1,000 people across the province. The survey included more than 20 questions about investing, borrowing and financial planning. Ontarians not planning for their financial future. According to a study from the Investor Education Fund, a significant portion of Ontarians don't have a road map for their financial future. The study shows that nearly one half (46%) of Ontario adults have never had a financial plan to save for retirement. In addition, 58% of parents don't have a plan to save for their children's education. |