When it comes to savings, most Canadians
A)have an adequate emergency fund.
B)use severaldifferent savings techniques.
C)find saving difficult.
D)keep substantial amounts in a regular savings account.
E)reduce the amount they save during their workinglife.

Question

Quizplus · Accepted Answer

According to various surveys and studies, a significant percentage of Canadians struggle with saving and do not have adequate savings or emergency funds. For example, a 2019 survey by the Canadian Payroll Association found that 44% of Canadians reported that they would struggle if their paycheque was delayed by just one week. Additionally, a 2020 survey by the Financial Planning Standards Council found that only 27% of Canadians were confident that they had saved enough to maintain their standard of living in retirement. Therefore, choice C is the best answer as it reflects the challenges many Canadians face with saving.

When It Comes to Savings, Most Canadians