Across all respondents, the typical grade ranged from B to C. Compared to 28% of individuals who did not meet with a financial expert received a B rating or above, the scorecard revealed 59% of those who did received a B or above.
Just 14% of participants who sought financial advice felt financially insecure, receiving a scorecard of D or F. Meanwhile, 49% who did not seek financial guidance were found to be financially insecure with the same score.
A persistent trend in the poll showed that individuals who work with financial professionals are more optimistic than those who don’t. High- and low-income families showed a similar gap.
More than half (54%) of Canadians who earn more than $80,000 annually seek financial advice from a professional, compared to fewer than two-fifths (36%) of those who earn less than that amount, indicating that higher-income families are more likely to have access to financial advice.
Canadians trust financial experts’ advice when making important decisions, according to the poll.
