Capital One Financial Education Challenge Archives

In a previous post, Driving Change with Financial Literacy, I shared the work of Enactus Ryerson: Project Dago. The program was initiated in August 2011 in Dago, a rural village in Western Kenya, which is home to over 3,000 households. Enactus Ryerson members empowered villagers to break the cycle of poverty by teaching money management and cultivating entrepreneurial skills.

Even though Dago is miles and miles away, at home in Canada, our own college and university students have returned to school. However, while they may be prepared for their required curriculum, a recent Capital One Canada Financial Education Study suggests that many could be blindsided by a crash course in money management.

Forty-six per cent of Canadians – and 50 per cent of 18-25 year olds – say they were unprepared to manage their finances going into post-secondary education….