Understanding the Impact of Numeracy and Literacy Skills on Financial Capability
In collaboration with the Financial Consumer Agency of Canada, this SRDC study explores the link between Essential Skills and financial capability as well as the impact of workplace-based Essential Skills training on financial capability. Financial capability is defined as the ability to make informed financial decisions. This research study is part of the broader UPSKILL: Essentials to Excel demonstration project and aims to provide a better understanding of the relation between two domains of financial capability (managing money and planning ahead) with the TOWES essential skills scores (numeracy and document use). The study also explores other links between financial capability and important psycho-social outcomes and job performance indicators.
Project Details
Published: February 2014
Capability: Survey Design and Data Management
Policy Area: Adult Learning - Adult Training - Workplace Training - Financial Literacy - Literacy and Essential Skills
