The Financial and Consumer Services Commission (FCNB) has released information from a study it conducted.
In December 2021, the FCNB surveyed 600 New Brunswick adults (18+), and results indicated that less than half of women mentioned they feel confident when it comes to managing their finances, compared to 62 per cent of men.
With November being Financial Literacy Month, the FCNB is now encouraging women to gain confidence, take control of their finances, and build good saving habits to help grow their financial resilience.
“Strong financial resiliency stems from having confidence and comfort in your financial knowledge,” said Erin King, acting director of education and communications at FCNB
“Financial Literacy Month is an opportunity for FCNB to showcase our financial literacy tools and resources and to help build New Brunswickers’ financial knowledge,” added King.
The FCNB has also created online resources for Financial Literacy Month, such as Invest in Yourself: A woman’s guide to building financial resilience, and a 2023 wall calendar featuring monthly consumer tips to help women increase their confidence in managing their finances.
“An invitation to pre-order the calendar was sent to stakeholder organizations across the province resulting in 9,500 orders. New Brunswickers can also download a printable version of the calendar on FCNB’s website,” reads a release from the commission.
The survey also indicated:
- 41 per cent of New Brunswick women say they feel good about their financial future compared to 57 per cent of men.
- 42 per cent of women said they are satisfied with their level of financial knowledge compared to 55 per cent of men.
- 42 per cent of women said they are knowledgeable about borrowing money compared to 60 per cent of men.
- 26 per cent of women have a written financial plan and are actively saving and investing toward it compared to 36 per cent of men.
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