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  "documentTitle": "inv research 20210422 investing and covid 19 0",
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      "text": "Just under half (48%) were able to answer all three questions correctly.",
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      "text": "Q3. Suppose you had $100 in a savings account and the interest rate was 2% per year. After 5 years, how much do you think you would have in the account if you left the money to grow?\nQ4. Imagine that the interest rate on your savings account was 1% per year and inflation was 2% per year. After 1 year, with the money in this account, would you be able to buy...?\nQ5. Please answer true or false to the following question: \"Buying a single company's stock usually provides a safer return than a mutual fund?\"\nIn calculating each respondents' scores, any \"I don't know\" answers were treated as incorrect.\nBase: All respondents (n=2001)",
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      "text": "Who was most likely to get a perfect score?\n- Men (61%) were more likely to score 3 out of 3 than women (34%)\n- Older investors were more likely to get a perfect score (57% among 55+ vs. 44% among 35-54 and 35% among 18-34).\n- Those with more formal education were more likely to answer the three questions correctly (<High school 32%, High school 43%, Post-Secondary 41%, University grad 56%).\n- Active investors were more likely to answer all financial knowledge questions correctly (58% vs. 41% among passive investors)",
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      "text": "Just under half (48%) were able to answer all three questions correctly. Perhaps more troubling is the fact that nearly 1 in 10 (7%) investors got zero answers correct. Furthermore, a quarter of Canadian investors say they didn't know whether buying a single company's stock provides a safer return than a mutual fund.",
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