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New Mydoh Report Finds Financial Resilience Lagging Among Canadian Youth
New Mydoh Report Finds Financial Resilience Lagging Among Canadian Youth Canada NewsWire ...
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[{"type":"text","content":"\n\n\nNew Mydoh Report Finds Financial Resilience Lagging Among Canadian Youth\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.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\nCanada NewsWire\n\n\nOnly 9% of Canadian parents strongly agree their child is prepared to manage money independently when they leave homeTORONTO, May 13, 2026 /CNW/ - Canadian kids are gaining an understanding of money - but there's an opportunity to build the practical skills and confidence needed for future financial independence. That's according to Mydoh's first-ever Financial Resilience Report, which reveals a gap between financial knowledge and real-world readiness among Canadian youth.\n\n\n\n\n\n\n\nThe national survey of 1,000 Canadian parents found that while the vast majority of parents report actively teaching their kids about money, just 9% strongly agree that their child is well-prepared to manage money independently when they leave home and transition into adulthood.\"While many families are already having money conversations, the research suggests practical experience remains an opportunity area,\" said Angelique de Montbrun, Chief Executive Officer at Mydoh. \"Financial confidence is built through everyday habits and hands-on learning. When kids and teens have the chance to practice managing money early, they build skills that can stay with them for life.\"Mydoh is designed to help kids and teens build those skills through real-world experiences, including earning, saving, spending and managing money, with parent oversight built in.Knowledge Is Strong - But Action Is Inconsistent Financial resilience is defined as not only how well kids understand money, but also their ability to apply that knowledge confidently in real-life situations.Mydoh's new report highlights a disconnect between the two parts of this equation.90% of parents say they talk regularly with their kids about money83% say their child understands saving for a goalBut only 64% say their child regularly works toward those goals - a 19% gap between understanding and action\"Financial resilience isn't built by knowing what to do with ...