Nearly 60 percent of Canadian parents are worried about their children’s financial future, according to a new survey by TD Bank Group.
Released on July 19, the survey noted 58 percent of Canadian parents said they often worry about their child’s financial future, particularly amid high inflation and uncertain economic conditions prevailing in the country.
An overwhelming majority of the surveyed parents (89 percent) also said they would feel more confident if their kids had gained better financial knowledge prior to their teenage years.
The results were based on a Maru Public Opinion survey conducted on behalf of the bank from June 8 to June 13. A total of 1,008 Canadian parents with children under the age of 18 were randomly selected for the poll….