The pandemic has magnified the dire need to have emergency savings in times of job loss and economic turmoil. However, the underlying basic need for people to understand how to manage their money wisely and save for the future has been growing rapidly over the past two decades. As part of Financial Literacy Month in Canada, Associate Dean Gail Henderson shares her expertise on how individuals, regardless of income level, can become more adept in dealing with their finances and how governments and financial organizations can help.
Watch Associate Dean Henderson answer these questions and more:
- Why has it become increasingly important for Canadians to be financially astute?
- Why is the Financial Consumer Agency of Canada now focusing on the need for people to develop financial resiliency
- How can governments, financial institutions, and other organizations help people – particularly those with low incomes – save money?
- What gender differences have been found in people’s financial knowledge?
- How important is it for people to be proficient in math in order to develop financial literacy skills?
- How can students learn about financial issues in law school?
Professor Gail Henderson, Associate Dean, Faculty Relations, researches and teaches in the areas of corporate law, corporate governance, corporate social responsibility, securities regulation, and the regulation of financial institutions. She led the Canadian Financial Literacy Project, a Queen’s Law/Education research project funded by the Social Sciences and Humanities Research Council.
Read more about Associate Dean Henderson’s work on financial literacy: