{
  "id": 18656737,
  "title": "Knowledge is profitable",
  "url": "https://urgent.news/2026/11/07/knowledge-is-profitable",
  "topic": "world",
  "section": "World",
  "published": "2026-11-07T07:01:12.000Z",
  "source": {
    "name": "Winnipeg Free Press",
    "slug": "winnipeg-free-press",
    "url": "https://www.winnipegfreepress.com/business/2026/11/07/knowledge-is-profitable"
  },
  "original_language": "en",
  "account": "The adage \"knowledge is power\" has been echoed throughout history. Knowledge is not only crucial in navigating financial matters, but it can also be profitable. Financially healthy individuals are often those who are well-informed about money management, leading to reduced stress levels.\n\nAccording to the Canada Pension Plan (CPP) Investments' 2026 Retirement Longevity Index, Canadians scored only 44 out of 100 in confidence regarding the longevity of their retirement savings. This lack of confidence is largely attributed to financial anxieties experienced by people of all age groups. Frank Switzer, managing director of communications at CPP Investments in Toronto, states that the primary reason for this anxiety is financial pressure.\n\nMany Canadians, particularly younger generations, are dealing with multiple financial priorities such as home ownership and post-secondary education, which adds to their financial stress. Debt is a widespread issue, with Canadians owing more than $22,000 in non-mortgage debt on average. The debt burden is highest among millennials, who are grappling with the highest levels of debt at $287,200 for ages 35 to 44.\n\nA recent study by the U.S.-based fintech Wise revealed that 45% of those surveyed find managing their money more complicated. This complexity is partly due to younger adults having multiple financial accounts, making it difficult for them to understand what they are signing up for. Financial literacy becomes crucial in such situations, as it helps individuals understand their financial decisions better.\n\nGen Zs are the fastest growing group of credit-active consumers, even outpacing millennials. However, they also have higher delinquency rates and are more vulnerable to payment fraud. Financial literacy can help young adults navigate the complex world of money, making them more prepared for future financial challenges.\n\nParents play a vital role in fostering financial literacy in their children. A TD survey found that children are eager to learn about money, but their confidence needs improvement. Many young Canadians still value face-to-face help from regulated, licensed financial advisers. As the CPP study suggests, financial literacy should be a lifelong journey, starting early to ensure a smooth financial future.",
  "summary": "It’s been stated many different ways throughout history that knowledge is power. That is true with respect to finance today. What’s more, information is not just a powerful tool to […]",
  "key_points": [
    "Canadians scored 44/100 in retirement savings confidence",
    "Financial pressure attributed to primary anxiety cause",
    "Gen Zs fastest growing credit-active consumers"
  ],
  "editors_take": "Bridging the gap in financial literacy offers a way to mitigate the rising debt and anxiety facing younger generations as they navigate increasingly complex modern money management.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}