Investment Fraud Awareness

28 Simple Compound Interest: 4-in-5 (81%) correctly answer the question about simple compound interest; on par with the national average (79%) Q Suppose you had $100 in a savings account and the interest rate was 2% per year. After 5 years, how much do you think you would have in the account if you left the money to grow? [asked of all respondents; national n=5,000; Manitoba n=500] Segmentation (Manitoba 2020) Respondents who answered correctly Investor Segments No savings National Correct Answer 79% 8% 9% 4% More than Exactly $102 Less than Don't know $102 $102 69% Manitoba Correct Answer Savings, non-investor 84% Non-frequent investor 84% Frequent investor 84% Manitoba Region Winnipeg 84% South/West 73% 81% Central/North 83% Winnipeg Region Central/North 88% East 76% South/West 88% Age 18-34 77% 35-54 80% 8% 5% 6% 55+ 85% Gender More than Exactly $102 Less than Don't know $102 $102 Men 83% Women 79%

View entire presentation