Investment Fraud Awareness
29
Real Compound Interest: 3-in-5 (60%) correctly answer the question on
real compound interest; highest for those over 55 (80%)
Q
Imagine that the interest rate on your savings account was 1% per year and inflation was 2% per year.
After 1 year, how much would you be able to buy with the money in this account?
[asked of all respondents; national n=5,000; Manitoba n=500]
Segmentation (Manitoba 2020)
Respondents who answered correctly
Investor Segments
No savings
41%
National
Correct Answer
Manitoba
Savings, non-investor
54%
Non-frequent investor
79%
Correct Answer
Frequent investor
62%
Manitoba Region
Winnipeg
59%
62%
60%
South/West
57%
Central/North
67%
Winnipeg Region
Central/North
48%
East
62%
South/West
64%
Age
17%
18%
18-34
40%
12%
10%
11%
10%
35-54
58%
55+
80%
Gender
More than Exactly the
today
same
Less than Don't know
today
More than Exactly the
today
Less than
Don't know
Men
same
today
Women
69%
52%View entire presentation