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2024 IG Wealth Management Financial Confidence Index: Canadians Settling Into Stability But Remain Concerned About the Future
2024 IG Wealth Management Financial Confidence Index: Canadians Settling Into Stability But Remai...
About this update from Igm Financial Inc.
[{"type":"text","content":"\n\n\n\n 2024 IG Wealth Management Financial Confidence Index: Canadians Settling Into Stability But Remain Concerned About the Future\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n Year-end Index stands at 50, same as 2023 and one point below 2022\n \n\n\n\n Canadians' trust in the economy on shaky ground with majority fearing a recession in 2025\n \n\n\n\n Western provinces' average financial confidence ahead of their Eastern neighbours, with B.C. leading the way\n \n\n\n\n Financial confidence of those who work with an advisor 15 points higher than those who do not\n \n\n\n\n\n\n WINNIPEG, MB\n \n\n ,\n \n\n Nov. 21, 2024\n \n\n /CNW/ - According to the\n \n seventh annual edition of the IG Wealth Management Financial Confidence Index\n \n (\"the Index\"), 2024 has brought financial stability to Canadians after years of volatility. However, the Index also revealed that many are concerned about what 2025 could have in store for them and showed a clear regional divide in Canadians' financial confidence.\n \n\n\n\n\n\n\n\n\n The Index, commissioned by IG Wealth Management (\"IG\") and conducted in partnership with Ipsos Canada, tracks and reports on Canadians' overall financial confidence based on 10 survey questions relating to IG's\n \n Four Pillars of Financial Confidence (\"the Pillars\")\n \n :\n \n Current Personal Financial Situation\n \n ,\n \n Personal Financial Outlook, Planning and Literacy,\n \n and\n \n Trust in the Economy.\n \n\n\n This year's Index revealed stabilization, with the Index landing at 50, mirroring 2023 and one point down from 2022. Interestingly, prior to this period the Index score was at a high of 57 in 2021, which can be attributed to several factors including an economic recovery from the initial impacts of COVID-19 and low interest rates.\n \n\n\n\n Canadians' Unease About the Future Dragging Index Score Down\n \n\n\n\n While three of the Pillars remained relatively consistent this year, Canadians' Trust in the Economy (40) was the weakest by far, trailing the others by as much as 10 points or ...