ge their online accounts and comprehend how much interest charges a credit card balance is incurring. Financial literacy encapsulates a wide range of activities ranging from using an Automated Teller Machine (ATM) to calculating the annual yield on government bond or the payments of house mortgages.
Recently, the issue have alarmed the authorities which led the minister of finance to set up a National Task Force to increase the level of financial literacy amongst Ontarians and more importantly, amongst those residing in Peterborough (Fekete, 2011). Inadequate financial literacy of the population directly impacts the economic well being of not only the individual, but also of the city and country as a whole.
StudieWith the inception and rampant usage and availability of e-banking, the problems related to literacy have escalated as people cannot manas also link poor literacy to major health problems. The Canadian government spends nearly two billion dollars a year on medical treatments of patients who are admitted because they took their medications improperly. Many people do not understand the medical terminologies used by their physicians and are unable to communicate with the health care system properly. Statistics from the Canadian Community Health Status Survey ( for Peterborough) conducted in 2005, reveals that adults lacking literacy skills are more likely to have diseases like diabetes, cancer, heart problems, blood pressure, migraine, bronchitis and other chronic diseases (Peterborough County-City Health Unit., 2008) (Unit., 2008).
猖獗的使用情况和可用性的网上银行以来，相关的素质问题已经升级为人们无法管理他们的在线帐户和理解多少利息信用卡中的余额是招致。金融知识封装的活动范围从使用自动提款机（ATM）在范围广泛的政府债券或者抵押贷款支付房子的年收益率的计算。
最近，这个问题已经警告导致财政部长成立一个国家工作队增加金融素养在安省人，更重要的是水平的当局，在那些居住在彼得伯勒（Fekete，2011）。的人口不足的金融素养直接影响的经济福祉的不仅是个人的，也是城市和国家作为一个整体。
研究还链接不识字的主要健康问题。加拿大政府每年花费近二十亿美元的患者都承认，因为他们把他们的药物治疗不当。很多人不理解他们的医生用医学术语和无法与卫生保健系统的正确。从加拿大社区健康状况调查统计（彼得堡）进行了2005，表明成年人缺乏识字技能更可能有疾病如糖尿病，癌症，心脏病，高血压，偏头痛，支气管炎等慢性疾病（彼得伯勒市卫生单位。，2008）（单位。，2008）。
