National financial literacy is the collective capacity of a country’s population to understand and effectively manage money, from everyday budgeting and saving to investing, debt management, and retirement planning. When Canadians lack these skills, the consequences ripple through entire communities: households struggle with mounting debt, families postpone major life decisions, and economic resilience weakens across generations.
The stakes are personal and national. Without a strong foundation in financial concepts, people find themselves vulnerable to predatory lending, unable to build emergency savings, or unprepared for …