Pre-testing and Evaluation of the “Make Change that
Counts: Managing Your Money in a Changing World” Ad Campaign
Focus Group and ACET Methodological Report
Prepared for the Financial Consumer Agency of Canada (FCAC)
Supplier: Leger Marketing Inc.
Contract Number: CW2240026
Contract Value: $126,206.31 (including HST)
Award Date: September 12, 2022
Delivery Date: March 29, 2023
Registration Number: POR 045-22
For more information on this report, please contact the Financial
Consumer Agency of Canada at: info@fcac-acfc.gc.ca
Ce rapport est aussi disponible en français
Pre-testing and Evaluation of the “Make Change that Counts: Managing Your Money in a Changing World” Ad Campaign
Focus Group and ACET Methodological Report
Prepared for the Financial Consumer
Agency of Canada
Supplier
Name: Leger Marketing Inc.
March 2023
This public opinion research report presents the results of a series of focus groups conducted pre-campaign, as well as a methodological report for pre- and post-campaign online surveys conducted by Leger Marketing Inc. on behalf of the Financial Consumer Agency of Canada. The focus group research was conducted with 106 Canadians between October 3rd and October 26th, 2022. The ACET pre-campaign survey was conducted with 2,000 respondents from the Canadian general public aged 18 years and older, between October 19 and October 27, 2022. The ACET post-campaign survey was conducted with 2,005 respondents from the Canadian general population aged 18 years and older, between February 6 and 16, 2023.
Cette publication
est aussi disponible en français sous le titre : Essai préliminaire et évaluation de la campagne publicitaire « Faisons des
changements qui comptent : Gérer votre argent dans un monde en évolution »
Groupe de discussion et rapport méthodologique de l’OECP
This publication may be reproduced for non-commercial purposes only. Prior written permission must be obtained from the Financial Consumer Agency of Canada. For more information on this report, please contact the Financial Consumer Agency of Canada at: info@fcac-acfc.gc.ca
Financial Consumer Agency of Canada
427 Laurier Avenue West, 6th Floor
Ottawa ON K1R 1B9
Catalogue Number: FC5-84/2023E-PDF
International Standard Book Number (ISBN): 978-0-660-48174-6
Related publications (registration number: POR 045-22):
· Catalogue Number: FC5-84/2023F-PDF (Final Report, French)
·
ISBN: 978-0-660-48176-0
© His Majesty the King in Right of Canada, as represented by the
Commissioner of the Financial Consumer Agency of Canada, 2023
Political Neutrality
Certificate
Project Background and Research Methodology
Research Purpose and Objectives
Context of Qualitative Research
Detailed Findings (Qualitative Pre-testing)
Concept 1 (Set A Groups)- “Shaping Balance”
Concept 2 (Set A Groups)- “Push and Pull”
Concept 3 (Set A Groups)- “Voice of Reason”
Ad 4 (Set B Groups)- “Financial Balance”
Ad 5 (Set B Groups)- “Financial Future”
Ad 6 (Set B Groups)- “Abstract”
Conclusion & Final Recommendations
Appendix A: Qualitative
Research
A.1 Concepts/Ads & Descriptions
Appendix B: Quantitative Research (ACET)
B.1.3 Data Cleaning and Tabulation
B.2.1 Survey Questionnaires: Pre-Campaign
B.2.2 Survey Questionnaires: Post-Campaign
Leger was contracted by the Financial
Consumer Agency of Canada (FCAC) to
conduct concept testing and campaign
evaluation using the Advertising Campaign Evaluation Tool (ACET) for the ad
campaign “Make Change that Counts: Managing Your
Money in a Changing World”. A total of twelve (12) online focus groups were
conducted from October 3rd to October 25th, 2022, with
Canadian residents 18 to 54 years old. Participants were recruited from across
Canada to take part in a two (2) hour focus group, held virtually. A total of eight
(8) groups were conducted in English and four (4) groups were conducted in
French. In addition, the
pre-campaign survey was conducted with 2,000 respondents from the Canadian
general population aged 18 years and older, between October 19 and October 27,
2022. The post-campaign survey was conducted with 2,005 respondents from the
Canadian general population aged 18 years and older, between February 6 and 16,
2023. The following summarizes the findings from the
qualitative research study and the methodological report
on findings from the ACET surveys designed to determine
the effectiveness of the advertising campaign in shifting attitudes, beliefs,
and behaviours by measuring awareness of the subject matter with the target
audiences.
The
Financial Consumer Agency of Canada (FCAC) is an independent federal government
agency mandated to protect Canadian financial consumers. FCAC supervises
federally regulated financial entities, ensuring that they comply with consumer
protection measures set out in legislation, public commitments, and codes of
conduct. It also promotes financial education to strengthen the knowledge,
skills and confidence of Canadians and raise awareness of consumer rights and
responsibilities.
Strengthening
the financial literacy of Canadians is a key pillar of FCACs’ consumer
protection mandate. Canadians face an increasingly complex and digital
financial marketplace. For this reason, it is more important than ever that
Canadians have the knowledge, skills, and confidence to make informed decisions
about their personal finances. Understanding the basics about money is as
essential today as numeracy and basic literacy. Financial literacy is important
not only for the financial well-being of individuals, but also for the economy.
Canadians
have faced many economic challenges over the past couple of years - from the
unprecedented and uneven economic effects of the pandemic to the recent surge
in inflation and rising interest rates. Inflation globally and in Canada
continued to rise, largely driven by higher prices for energy and food. As of
June 2022, inflation in Canada reached 7.6% year over year (the largest
increase in decades) and, at the time, it was expected that interest rates would
continue to rise, making it more expensive for Canadians to borrow money. As
the cost-of-living increased, Canadians may have needed to adjust their
household spending to deal with rising prices and interest rates.
Inflation
and rising interest rates left many Canadians worried about their financial
futures, particularly those on low or fixed incomes and those with high debt
burdens. According to the Bank of Canada’s Financial System Review in June 2022,
more households were carrying large mortgage debt and households with high debt
burdens are especially vulnerable if their incomes decline. They will also feel
the impact of higher interest rates on their budgets more than others will.
This is especially true for those who have a variable-rate mortgage or other
variable-rate loans, like a home equity line of credit (HELOC), and those with
an upcoming mortgage renewal.
A
mortgage is the most common and significant type of debt held by Canadians.
FCAC’s COVID-19 Financial Well-Being Survey found that most Canadian households
(55%) own a home and two-thirds of Canadian homeowners (60%) have a mortgage
and about 12% have an outstanding balance on a HELOC. Other common types of
debt include balances owing on credit cards (held by 39% of Canadians), vehicle
loans or leases (27%), personal lines of credit (30%) and student loans (10%)[1].
Given
the potential of further interest rate hikes, it was important that indebted
Canadians have access to trustworthy and unbiased financial information and
tools to help them make informed decisions that will lead to positive financial
outcomes. Strengthening the financial literacy of Canadians would help decrease
their risk of vulnerability and increase their resilience in these challenging
and changing times. Financial literacy is a key contributor to financial
resilience and building the financial resilience of Canadians is the vision of
FCAC’s Make Change that Counts: National Financial Literacy Strategy 2021-2026.
On
top of personal financial challenges, Canadians faced a daunting financial
landscape. The marketplace for financial products, services, and advice is
complex, constantly changing and increasingly digital. There is a wide range of
product choices, an overwhelming amount of information available through
financial websites and financial apps, and more people and companies providing
advice on money and finances. As a result, it is more difficult to navigate the
financial marketplace, know who to trust, and how to make the best decisions
for one’s circumstances. This is especially problematic for people with limited
financial knowledge.
National
advertising campaign
FCAC’s
national multimedia campaign “Make Change that Counts: Managing Your Money in a
Changing World” aimed to strengthen the financial literacy of Canadians to help
build their financial resilience in a continually shifting economic landscape.
With Canada’s annual inflation at its highest point in over 30 years and
interest rates rising, the campaign focused on equipping indebted Canadians
with practical tips and tools to manage their money and debt in a challenging
economy and increasingly complex financial marketplace.
The campaign was in market for two flights:
1) a Search Engine Marketing campaign launched on November 1 and ran until December
15, 2022 (just over 6 weeks), and 2) a multimedia campaign, including display
banners, social media ads, and Search Engine Marketing launched January 9 and
ran until February 5, 2023 (4 weeks).
The purpose of
the qualitative research was to conduct a pre-test and disaster check of the
creative concepts/ads to guide decisions related to the selection of the most
effective creative concept and assist with the finalization of creative
elements for the ads. The purpose of the quantitative research was to conduct the
campaign evaluation using the standardized Advertising Campaign Evaluation Tool
(ACET). Pre- and post-campaign ACETs are used for all major Government of
Canada advertising campaigns to consistently evaluate campaigns and comply with
key requirements in the Government of Canada Communications Policy.
The campaign’s research objectives included four components:
1.
Qualitative pre-testing
of creative concepts: The goal was to
choose the creative concept that resonated the most with the target audiences and
performed the best in terms of meeting the campaign objectives.
2.
Qualitative disaster
check of selected creative concept: The goal was to test
changes to the selected creative concept with the target audiences and choose
the ads that resonated the most with them and performed the best in terms of
meeting the campaign objectives.
3. Quantitative pre-campaign
evaluation using the standardized ACET baseline online survey: The goal was to assess pre-campaign
awareness of the subject matter, including:
·
Aided and unaided awareness of general Government of
Canada advertisements or other advertisements related to the campaign topic;
·
Aided and unaided awareness of the subject matter.
4. Quantitative
post-campaign evaluation using the standardized ACET post-campaign online
survey: The goal was to measure the
post-campaign awareness of the subject matter, including:
·
Aided and unaided awareness of FCAC’s ads and general Government of
Canada ads;
·
Recall of key campaign messages;
·
Whether the ads were attention grabbing, relevant, difficult to follow,
about an important topic, and provided new information;
·
Whether any action was taken as a result of seeing or hearing FCAC’s
ads;
·
Awareness of who was responsible for creating the ads.
Pre-testing and disaster check of creative concepts (qualitative
research)
A qualitative (focus group) research approach was used to pre-test the creative concepts for final feedback and disaster check
before being released in the media. The target audience for the research
included working-aged Canadians (18 to 54) with participants recruited from the
following targets:
·
Homeowners with a mortgage
·
Individuals with any type of loan
·
Low-income (less than $40,000)
·
Youth (18-24)
A total of twelve (12) online focus groups were conducted from October 3rd
to October 25th, 2022, with Canadian residents 18 to 54 years old.
Participants were recruited from across Canada to take part in a two (2) hour
focus group, held virtually. A total of eight (8) groups were conducted in
English and four (4) groups were conducted in French. A total of one hundred and six
(106) participants took part in the focus groups and all participants were
provided with $100 as an honorarium. All participants were recruited per
established industry standards and per the recruitment specifications for the
Government of Canada. The participants were screened using online panel and
then validated and recruited by phone.
It is important to note that the focus groups were conducted in two
rounds. The first round tested concepts one (1), two (2), and three (3) (titled
Shaping Balance, Push & Pull, and Voice of Reason
respectively) and consisted of eight (8) groups, six (6) conducted in English
and two (2) conducted in French. A total of sixty-six (66) participants took
part in the first round. The second round (disaster check) tested ads four (4),
five (5), and six (6) from the selected concept (titled Financial Balance,
Financial Future, and Abstract respectively) and consisted of
four (4) groups in total, two (2) conducted in English and two (2) conducted in
French. A total of forty (40) participants took part in the second round.
This report presents the findings from these focus groups. Caution must
be exercised when interpreting the results from this research, as qualitative
research is directional only. Results cannot be attributed to the overall
population under study, with any degree of confidence.
Pre- and post-campaign ACET (quantitative research)
For the ACET, the target audience was Canadians
18 years of age and older. Data for both the pre- and post-campaign surveys was
gathered from Leger’s panel LEO. Leger ensured that the sample reflected the
key demographics of Canadians by age, gender, and region.
The pre-campaign ACET baseline survey of
Canadians aged 18+ years of age was undertaken online from October 19 to 27,
2022. It required an average of approximately four minutes to administer for
both the French and English versions. There was a total of 2,000 useable
surveys completed in the pre-campaign evaluation.
The post-campaign ACET survey of Canadians aged
18+ years of age was undertaken online from February 6 to 16, 2023. It required
an average of approximately six minutes to administer for both the French and
English versions. There was a total of 2,005 useable surveys completed in the
post-campaign evaluation.
Given that the pre-
and post-campaign ACET was conducted using online survey methodology and the
sample drawn from an internet panel is a non-probability sample, the data
collected cannot be extrapolated to the Canadian general public adult
population. Respondents for this survey were selected from among those who had volunteered
or registered to participate in online surveys. The results of such surveys
cannot be described as statistically projectable to the target population. The
data has been weighted to reflect the demographic composition of the target
population.
The pre-testing and
disaster check findings indicated that the creative concepts/ads did not
contain any hidden disasters and the overall reactions to them were positive.
Among the first three
concepts shown (Concepts 1-3), Voice of Reason (Concept 3) was the preferred
concept. Among the last three ads (Ads 4-6), Abstract (Ad 6) was the preferred
ad. However, these preferences were fairly minor, with all concepts/ads having
several positive and negative notes. And across the different demographic
segments, some differences of opinion were present among young adults (18 to
24) and French and English-speaking participants.
Overall, Canadians
want to see the Government of Canada wordmark, especially on a social media ad,
so they can know the information is coming from a trusted source. However,
while many look to the government as a trusted source of information, many also
fault the government for the rising cost of living. It is important to keep
this conundrum in mind when choosing words to express debt responsibility and
financial management. Emotions are high when it comes to discussions around
finances, even more so in today’s economic climate. Words such as habits,
resilience, responsibility are not well received by Canadians.
Keeping the ads short,
vibrant, and easy to follow will increase the likelihood that Canadians will
take action and click on the link for more information. And, if possible,
providing some information on the type of support (tips and tools) that are
being offered would be a valuable aspect to include. Financial Literacy Month
is not well known so this information does not add to the consumers knowledge
of what supports may be available.
Shaping Balance
(Concept 1)
The concept Shaping
Balance was preferred by and resonated with participants between 25 to 40
but was believed to speak to all Canadians. Younger participants (18-24) were
more likely to indicate that this concept was targeted towards older Canadians
(40+). Participants who are currently facing financial challenges, such as debt,
said they would most likely click the link to get more information. And, while
some participants felt the simplicity of the ads worked for the overall
messaging, many also felt that not enough information was provided.
When it comes to the
wording for the resilience version, the use of the term resilience
was not understood by all participants. Many indicated they did not understand
what financial resilience meant. In Quebec, the term resilience
was not appreciated because it is a word that was overused during the pandemic
and has lost its impact, i.e., people don’t want to see it anymore.
The version with the
wording balance was preferred when it came to the copy used. Balance
resonated with many participants, as they felt this was a practical and
obtainable way to manage finances and debt. However,
while participants understood the
phrase, “You don’t need to be an expert to find your financial balance”, the
accompanying imagery was not easily recognized.
Push and Pull (Concept 2)
Among the first set of concepts (Concepts 1-3), the concept Push
and Pull was the most effective in getting participants’ attention and
communicating the message. It was especially effective for those in the 18-24
age range. Participants who are currently facing financial challenges, such as
lower incomes, said they would most likely click the link to get more
information. Overall, the bright colors, text bubbles, and use of emojis was
thought to be attention grabbing. However, it was noted that this concept might
be too long to hold someone's attention, so it would need to be executed as
quickly as possible.
Some participants, especially in Quebec, said they did not understand
the link between the pictures and the message. For example, participants
mentioned that they would never go into debt for some cheese and therefore the
images and messaging was not relatable. Additionally, in Quebec, the words Tiraillements et bras
de fer
were seen as negative and not a good phrase for the message being shared.
The grocery version of
the concept was felt by many to be the most relatable, with almost all indicating that they had felt the strain of
increasing grocery costs, and many indicating that cutting back on grocery
spending was an important way to save money. The movie version was perceived to
be a bit confusing, as many weren’t sure if the person in the ad ended up going
to the movies or not, while the leaking roof version was too depressing. Some
participants mentioned that they expected the ad to end on something more positive.
Voice of Reason (Concept 3)
The concept Voice of Reason had the highest
rating among the first three concepts when it came to the message being
important. The concept was specifically preferred by and resonated most with
those in the 41-54 age range. In addition, many participants in their late 30s
also found this concept most relevant to them. However, this concept did not
resonate with the younger participants (18-24), particularly those in British
Columbia. Demographically, participants with a higher household income ($100k+)
and a mortgage were more likely to find this concept appealing. Those in the
41-54 age range who were managing larger debts, such as mortgages and car loans,
indicated this concept (out of Concepts 1-3) was their most preferred.
Notably, having the
Government of Canada wordmark more prominently visible was seen as necessary by
participants. They wanted to be assured that the information was coming from a
reliable source (the government) and not a scam ad, a banking ad, or a debt
rescue ad. The personification of the credit card in the spending habits
version was somewhat lost on participants and the concept felt a little
disjointed. The manage your money version was preferred, with the
phrasing came across as empowering.
Financial
Balance (Ad 4)
The ad Financial Balance resonated with those having large debt (either a mortgage or student loan). Many participants felt that the ad was targeted towards millennials because this age group is looking for “balance” in life and are often carrying a lot of debt with minimal experience. Only a few participants believed that the message was not important, while most believed that the message was very important. Those who thought the message was unimportant indicated they did not think they needed financial literacy to manage their finances.
Quebec participants liked the combination of the messaging and the image because it clearly illustrated the struggle with finding financial balance.
Many participants in the age group 41-54 believed that they didn’t need help managing debt. Participants with higher household incomes ($80,000+) were more likely to indicate this ad resonated with them. Quebec participants generally agreed the ad was targeted towards an older audience, those who were 30+ because they were likely to be managing more financial responsibilities, such as loans and mortgages.
Overall, participants didn’t find anything negative or disturbing about the ad. However, the ad was not perceived as overly effective. Participants highlighted that they would need more details on the help available before clicking the link. Some participants also highlighted that it should be made clear at the outset that the ad is from the Government of Canada to increase its credibility.
Financial Future
(Ad 5)
Most participants felt that the ad Financial Future was more relevant for a 25+ age group. Those with large debt were more likely to react positively to this creative. Younger participants (aged 18-24) didn’t relate with the language and thought it was unappealing. Almost all participants felt that it conveyed an important message. This ad was effective and believable and specifically resonated with those who were late millennials and those in the 41-54 age group. Participants understood the messaging and appreciated the clear and simple text and images. In Quebec, Remboursez vos dettes was off-putting and did not resonate with participants. In addition, Prenez votre avenir financier en main was thought to be somewhat judgmental and indicated that there was something that needed fixing.
While younger participants felt shaping the financial future made sense in the ad, paying down debt wasn’t something that would make them click an ad to find out more. When it comes to the wording in the two different versions, participants believed that build would have made more sense if they had just started out and had no debt. Those aged 18-24 liked build more than shape for this reason. In Quebec, Bâtissez votre avenir financier was preferred. Shape was clearly more liked by English language participants. Many reasoned that shape made more sense since they already have debt, and they would need to shape it for a better future.
Abstract (Ad 6)
Overall, the message
of the ad Abstract was seen as more supportive and empathizing in
comparison to the other two ads in the set (Ads 4-6). Respondents appreciated
that this message showed that the government understands that their financial
situation is not their fault. While some Quebec participants thought the ad was
the best of the three, some thought the message was vague and as a whole, did
not make sense.
This message resonated the most with young respondents, especially 18-24 and early 30s. Those in eastern Canada (comparatively lower mortgage/debt as compared to BC) found it most appealing, especially when compared to the other ads. Among British Columbians, youth aged 18-24, who are new to managing their own finances were drawn towards this ad. Quebec participants were fairly divided when it came to the Abstract ad, with the first group expressing dislike for the ad and the second group providing much more positive feedback.
The ad was seen as having wider appeal, and most liked the term abstract. They liked the tone of the message and found it more empathizing than others. Additionally, it was felt to have wider appeal, in that you don’t have to be debt ridden to manage your finances. However, some found the ad a touch vague and felt that there may be a need for more details before expecting a reaction to the call-to-action.
The total project
expenditure was $126,206.31 including HST, for qualitative concept testing and the
quantitative pre- and post-campaign ACET surveys.
I hereby certify as a representative of Leger Marketing Inc. that the deliverables fully comply with the Government of Canada political neutrality requirements outlined in the Policy on Communications and Federal Identity and the Directive on the Management of Communications.
Specifically, the deliverables do not include information on electoral voting intentions, political party preferences, standings with the electorate or ratings of the performance of a political party or its leaders.
Signed
Llisa Morrow, Associate Vice-President
Leger Marketing Inc.
March 10, 2023
The Financial Consumer Agency of Canada (FCAC) is an independent federal government agency mandated to protect Canadian financial consumers. FCAC supervises federally regulated financial entities, ensuring that they comply with consumer protection measures set out in legislation, public commitments, and codes of conduct. It also promotes financial education to strengthen the knowledge, skills and confidence of Canadians and raise awareness of consumer rights and responsibilities.
Strengthening the financial literacy of
Canadians is a key pillar of FCAC’s consumer protection mandate. Canadians face
an increasingly complex and digital financial marketplace. For this reason, it
is more important than ever that Canadians have the knowledge, skills, and
confidence to make informed decisions about their personal finances.
Understanding the basics about money is as essential today as numeracy and
basic literacy. Financial literacy is important not only for the financial
well-being of individuals, but also for the economy.
Canadians have faced many economic challenges over the past couple of
years – from the unprecedented and uneven economic effects of the pandemic to
the recent surge in inflation and rising interest rates. Inflation globally and
in Canada continued to rise, largely driven by higher prices for energy and
food. As of July 2022, inflation in Canada reached 7.6% year over year (largest
increase in decades) and, at the time, it was expected that interest rates would
continue to rise, making it more expensive for Canadians to borrow money. As
the cost-of-living increased, Canadians may have needed to adjust their
household spending to deal with rising prices and interest rates.
According
to Statistics Canada[2]:
Canada’s
household debt levels are also the highest in the world. Statistics Canada says
Canadians owe $1.83 in consumer debt for every dollar of income they have.[3]
Inflation
and rising interest rates left many Canadians worried about their financial
futures, particularly those on low or fixed incomes and those with high debt
burdens. According to the Bank of Canada’s Financial System Review from June
2022, more households were carrying large mortgage debt and households with
high debt burdens are especially vulnerable if their incomes decline. They will
also feel the impact of higher interest rates on their budgets more than others
will.[4]
This is especially true for those who have a variable-rate mortgage or
other variable-rate loans, like a home equity line of credit (HELOC), and those
with an upcoming mortgage renewal.
A
mortgage is the most common and significant type of debt held by Canadians.
FCAC’s COVID-19 Financial Well-Being Survey found that most Canadian households
(55%) own a home and two-thirds of Canadian homeowners (60%) have a mortgage
and about 12% have an outstanding balance on a HELOC. Other common types of
debt include balances owing on credit cards (held by 39% of Canadians), vehicle
loans or leases (27%), personal lines of credit (30%) and student loans (10%).[5]
National
advertising campaign
FCAC’s
national multimedia campaign “Make Change that Counts: Managing Your Money in a
Changing World” aimed to strengthen the financial literacy of Canadians to help
build their financial resilience in a continually shifting economic landscape.
With Canada’s annual inflation at its highest point in over 30 years and
interest rates rising, the campaign focused on equipping indebted Canadians
with practical tips and tools to manage their money and debt in a challenging
economy and increasingly complex financial marketplace.
The purpose of the qualitative research
was to conduct a pre-test and disaster check of the creative concepts/ads to guide
decisions related to the selection of the most effective creative concept and assist
with the finalization of creative elements for the ads. The purpose of the
quantitative research was to conduct the campaign evaluation using the standardized
Advertising Campaign Evaluation Tool (ACET). Pre- and post-campaign ACETs are used
for all major Government of Canada advertising campaigns to consistently
evaluate campaigns and comply with key requirements in the Government of Canada
Communications Policy.
The campaign’s
research objectives included four components:
1. Qualitative
pre-testing of creative concepts: The goal was to
choose the creative concept that resonated the most with the target audiences
and performed the best in terms of meeting the campaign objectives.
2. Qualitative
disaster check of selected creative concept: The goal was to test
changes to the selected creative concept with the target audiences and choose
the ads that resonated the most with them and performed the best in terms of
meeting the campaign objectives.
3.
Quantitative pre-campaign evaluation using the standardized
ACET baseline online survey: The goal
was to assess pre-campaign awareness of the subject matter, including:
·
Aided and unaided awareness of general Government of
Canada advertisements or other advertisements related to the campaign
topic;
·
Aided and unaided awareness of the subject matter.
4.
Quantative post-campaign evaluation using the
standardized ACET post-campaign online survey: The goal was to measure the post-campaign awareness of the subject matter, including:
·
Aided and unaided awareness of FCAC’s ads and general Government of
Canada ads;
·
Recall of key campaign messages;
·
Whether the ads were attention grabbing, relevant, difficult to follow,
about an important topic, and provided new information;
·
Whether any action was taken as a result of seeing or hearing FCAC’s
ads;
·
Awareness of who was responsible for creating the ads.
A qualitative (focus group) research approach was used to pre-test the
campaign concepts for final feedback and disaster check before being released
in the media. The target audience for the research included working-aged
Canadians (18 to 54) with participants recruited from the following targets:
·
Homeowners with a mortgage
·
Individuals with any type of loan
·
Low-income (less than $40,000)
·
Youth (18-24)
There were two sets of groups, with Set A being comprised of eight (8) online focus groups, and Set B being comprised of four (4). Each set of groups were shown different creative concepts.
Set A groups:
A total of eight (8) groups were completed, six (6) conducted in English and two (2) conducted in French. All groups were conducted in the evening and completed between October 3rd and 5th, 2022. A total of sixty-six (66) participants took part in the discussion groups, all of which were conducted online using Leger’s virtual focus group platform. The English language groups were moderated by Llisa Morrow, Associate Vice-President with Leger and the French language groups were moderated by Sebastien Poitras, Vice-President with Leger. The groups lasted approximately one hundred and twenty (120) minutes and all participants were provided with $100 as a thank you for their time. All participants were recruited per established industry standards and per the recruitment specifications for the Government of Canada.
Group Schedule:
·
Group 1: Gen Pop (18-54),
Ontario - English (9 participants)
·
Group 2: Gen Pop (18-54),
Ontario - English (9 participants)
·
Group 3: Gen Pop (18-54),
British Columbia - English (9 participants)
·
Group 4: Gen Pop (18-54),
British Columbia - English (9 participants)
·
Group 5: Gen Pop (18-54),
Atlantic - English (7 participants)
·
Group 6: Gen Pop (18-54), Atlantic
- English (8 participants)
·
Group 7: Gen Pop (18-54),
Québec - French (8 participants)
·
Group 8: Gen Pop (18-54),
Québec - French (7 participants)
Set B groups:
A total of four (4) groups were completed, two (2) conducted in English and two (2) conducted in French. All groups were conducted in the evening and completed between October 24th and 25th, 2022. A total of forty (40) participants took part in the discussion groups, all of which were conducted online using Leger’s virtual focus group platform. The English language groups were moderated by Llisa Morrow, Associate Vice-President with Leger and the French language groups were moderated by Sebastien Poitras, Vice-President with Leger. The groups lasted approximately one hundred and twenty (120) minutes and all participants were provided with $100 as a thank you for their time. All participants were recruited per established industry standards and per the recruitment specifications for the Government of Canada.
Group Schedule:
· Group 1: Gen Pop (18-54), Ontario & Atlantic - English (10 participants)
· Group 2: Gen Pop (18-54), British Columbia - English (10 participants)
· Group 3: Gen Pop (18-54), Quebec - French (10 participants)
· Group 4: Gen Pop (18-54), Quebec - French (10 participants)
Focus groups are an
ideal way of conducting qualitative research that allows for a moderator-directed,
informal discussion with a variety of different participants with different demographic
backgrounds, habits, and attitudes. Qualitative research allows for in-depth
questioning and important discussions among the participants to help determine
attitudes, behavioural habits and patterns, and perceptions related to the
research topic. Using a focus group approach allows for the moderator to adjust
questioning in response to participants feedback and reactions within the
group. The primary focus is on uncovering participant’s feelings and opinions
driven by their current awareness of the subject matter and the world around
them. It is important to note that qualitative techniques used in market
research are structured to provide insight and direction rather than quantitative
data and numeric measurements. Throughout this report, we occasionally use participant
counts and percentages to illustrate differences, but these references should
be used only as a guide and not thought of as valid quantitative data due to
the small sample size and overall qualitative research method used for the
study.
An online focus group approach was chosen for the research structure. Using Leger’s virtual focus group platform called FOCUS, participants were able to connect to the discussion group using the virtual meeting platform. The online focus group approach allowed participants from across the country to participate, not limiting the focus groups to specific geographical locations.
A warm-up series of questions is typically used to help participants start thinking about the topics to be discussed during the group. At the beginning of each focus group, participants were asked questions related to their household debt, the impact of inflation on their finances/debt management, and increased cost of living.
When asked how the increasing cost of living is impacting their debt management, the younger age group without mortgages (but with student loans) said they are now making smaller payments on repaying student loans and credit cards as they now have less money for essential needs. Most participants agreed that they were feeling the pressure of rising costs. When participants were asked about how they are managing their household budget with inflation, they provided a range of ways they are making changes to their budget. Many reduced travel/vacations or were doing more local vacations (was common response among British Columbia group to fight inflation). Youth (18-24) also mentioned cutting back on unnecessary purchases, such as restaurant food and entertainment. Several participants are choosing installment options for big purchases. Many are watching what food to buy, how much they purchase, and looking out for sales. Some pointed out that many of their expenses, such as food and gas, are out of their control and are necessities that cannot be eliminated from their budget.
It is important to note that each of the concepts/ads tested during the focus groups were presented in a different order for each group. Concepts 1-3 were shown to the groups in Set A, while ads 4-6 of the selected concept were shown to the groups in Set B. Each individual concept/ad was shown to participants and discussed as a group before moving on to the next concept/ad. Concept/ad images and descriptions can be found in Appendix A.
After reviewing the images for Concept 1- Shaping Balance, participants
in the Set A groups shared what they believed to be the main message and
purpose of the concept. Frequent response themes included:
·
To inform
the public about their financial stability by giving them resources.
·
To
encourage financial health.
·
To provide
a financial support platform for debt management and achieve a good financial
balance.
·
The
government is providing financial literacy education and tools.
·
Visit the
government website for tips and tools.
·
An average
person can get a hold of their finances with the help of specific tips and
tools.
·
Finding
balance between managing finances and being able to enjoy life.
This concept was preferred by and resonated
with participants between 25 to 40 but was believed to speak to all Canadians. Younger participants (18-24) were more likely
to indicate that this concept was targeted towards older Canadians (40+). As
stated by one participant, “I just think it mainly would apply to older
Canadians, probably those who deal with more financial issues than the younger
generation like me” (Ontario Female 18-24).
Participants who are
currently facing financial challenges/have debt issues said they would most
likely click the link to get more information. And while some felt the
simplicity of the ads worked for the overall messaging, many also felt too
little information was provided.
Participants were asked for both their positive
and negative reactions to the concept. In terms of positive reactions, the
concept was thought to be more generic, and as a result, the ads speak to a
wider audience. Participants also felt that referencing debt management makes
the concept more personal and relatable, and the use of simple messaging and
language was seen as appealing. Most Quebec participants indicated they would
click the ads to find out more information. And the Canada wordmark was
reassuring for some, with one participant mentioning that, “seeing the Canada
logo gives me a little bit of relief that it’s something legit and not some
kind of scam” (British Columbia Male 25-40).
In terms of negative reactions, some participants felt there was not enough information in the
ads to grab your attention. Notably, some Quebec respondents mentioned that the
language used in the concepts could be negatively perceived. For example, the
ad’s language made it sound “easy” to pay off debts and this did not sit well
with participants. Additionally, the blue colour reminded some Quebec
participants of the provincial government’s colours.
·
The
graphics were somewhat confusing to participants.
o
The dollar
sign in the first frame and the transition to the tightrope was not immediately
understood.
·
Participants
understood the phrase, “You don’t need to be an expert to find your financial
balance” but the accompanying imagery was not easily recognized. Participants
found it difficult to see a person walking on at tightrope.
·
The blue
background was said to be eye-catching and the last frame with the large
Government of Canada wordmark was seen as a positive.
·
The
analogy of finances being a “tightrope walk” was seen as a discouraging
message. While it was understood that the tightrope was meant to represent
balance, some saw it as meaning that balancing finances is extremely difficult
and “one slip away” from disaster.
·
The word
“balance” resonated with many participants. They felt this was a practical and
obtainable way to manage finances and debt.
o
“I love
the word ‘balance’. It’s more of a symmetry but it could mean a lot of other
aspects. For me, the plainness of this ad is actually very captivating, but at
the same time, too, there is not enough information” (Ontario Male 41-54).
·
The
graphics were well received and the physical representation of “paying down
debt” was understood.
·
The use of
the term “resilience” was not understood by all participants. Many indicated
they did not understand what “financial resilience” meant.
·
The image
of the purple blocks was thought to be eye catching and a relevant
representation of debt reduction.
o
“The
purple boxes being moved/removed conveys management of existing issues or
circumstances, whereas the other one [balance] feels more fantastical. Not
everyone can walk a tight rope and that doesn’t convey stability or financial
freedom” (Atlantic Female 25-40).
·
In Quebec,
the term resilience was not appreciated because it is a word that was overused
during the pandemic and has lost its impact/people don’t want to see it
anymore.
During polling, almost all participants (58 out of 66 – 88%) indicated the message being communicated was important. Over half of the participants (43 out of 66 – 66%) believed the concept was effective in getting their attention and communicating the message. Those who indicated the message was not effective said it was because the concept did not grab their attention, the ads were boring, and/or the term “financial resilience” was not clear. Most participants said the concept was believable (51 out of 66 – 77%).
After
reviewing the images for Concept 2- Push and Pull, participants in the
Set A groups shared what they believed to be the main message and purpose of
the concept. Frequent response themes included:
·
A site for
tips and tools to manage your money and finances.
·
To make a
well-constructed budget to manage our expenses.
·
You have
to give up some stuff you enjoy in order to stay on top of your debt.
·
You
shouldn't have to give up your leisure/fun activities if you want to do them.
·
To better
understand where to put priorities.
·
We can
continue to live as we did before, despite the rise in prices, if we are well
advised.
The concepts spoke to a variety of participants across all age groups, but those in the 18-24 age range were more likely to think this ad would grab their attention. Several participants in the 25-40 age range felt the grocery depiction was relatable. When it comes to resonating with that age group, one 25-40-year-old participant stated, “The message is kind of relevant to my group of friends. I am 30 years old, so people do have those kinds of conversations. Like, they can’t make it to an event because they have to save for something” (British Columbia Female 25-40).
Other commentary from participants from the younger age groups included:
· “I think [the concept] would probably be for people in the millennials or Gen Z category. Especially since it’s like a social media ad” (Atlantic Female 25-40).
· “I got the sense of budgeting and being aware of your limitations with your finances, and I get the impression that it was for people under 40, especially the use of emojis. I know my parents or grandparents would never be caught dead using an emoji. They probably don’t even know what an emoji is” (Atlantic Male 18-24).
· “I think the message is really about that we shouldn’t have to choose between the things that are essential and the things we do for fun” (Quebec Male 18-24).
Participants who are currently facing financial challenges/have lower incomes said they would most likely click the link to get more information. Overall, the bright colors, text bubbles, and use of emojis was thought to be attention grabbing. It was noted that this concept might be too long to hold someone's attention so it would need to be executed as quickly as possible. Increasing the size or including the Government of Canada wordmark was suggested. Participants wanted to know that this was not a scam or business advertisement.
Participants were asked for both their positive and negative reactions to the concept. In terms of positive reactions, many participants, especially in the 18-24 age range, thought the concept would grab their attention. The concept was thought to be more interactive in comparison to the other two concepts. The colors and the humoristic tone was appreciated, especially in Quebec.
In
terms of negative reactions, some participants perceived the concept as
having a “scolding” tone instead of one that was supportive and helpful. And many
participants believed the ads were geared towards those who were really
struggling financially and didn’t necessarily speak to all Canadians. As stated
by one participant, “I wouldn’t click on these ones personally because I feel
like I’m doing fine at this time, but maybe if I was struggling, then I might
check it out” (British Columbia Male 25-40). The push and pull examples used in
the ads (specifically the movie/rent and take-out/leaking roof) were not
perceived as realistic or relatable. Having more realistic trade-offs was
thought to be ideal.
Some
participants, especially in Quebec, said they did not understand the link
between the pictures and the message. For example, participants mentioned that
they would never go into debt for some cheese and therefore the images and
messaging were not relatable. Some participants also pointed that the message
should end with a positive tone. Additionally, in Quebec, the words Tiraillements
et bras de fer were seen as negative and not a good phrase for the message
being shared. one participant noted, “the word ‘tiraillement’ is a beautiful
word, but I don’t think it works here and connects everyone to the message.
Another word would be better” (Quebec Male 41-54).
· Was thought to be the most relatable and therefore the most preferrable of the three ads presented in the concept.
· The push and pull example of the cheese/groceries was perceived as relatable by most since participants could relate to the rising cost of groceries.
· Almost all participants indicated that they had felt the strain of increasing grocery costs, and many indicated that cutting back on grocery spending was an important way to save money.
· Several participants were not sure of the outcome of this ad. It was not clear to them if the person ended up going to the movies or not.
o “The movie one was a bit confusing to me since you couldn’t tell if they end up going to the movie or not” (Atlantic Female 25-40).
· Additionally, many found this ad to be unrelatable or unrealistic since the cost of a movie vs. the cost of rent were not a sensible comparison.
· Similarly to the grocery version of the concept, some found this ad to be “preachy” or “scolding” in terms of how people should spend their money or even choose their friends.
o “I don’t know if I take kindly to my government basically saying, choose your friends better, which is what it really came across specifically with the movie example. This seems like more of an interpersonal conflict and not a budget issue” (Atlantic Female 25-40).
· Many participants said they found the ad depressing and discouraging, and thought the ad was saying that you could never have a night out or occasionally order in dinner; that you always had to be thinking of the bigger financial responsibilities, like a leaking roof.
· Overall, this version was not as clear as the other two and participants were not sure of the final outcome.
· In Quebec, the words Tiraillements et bras de fer were seen as negative, while the English group participants were divided on if they preferred tug of war or push and pull. Some English language participants did comment that tug of war felt more negative in comparison to push and pull.
During polling, almost all participants (57 out of 66 -86%) indicated the message being communicated was important. Many (46 out of 66 – 70%) believed the concept was effective in grabbing their attention and communicating the message. Those who indicated the message was not effective said it was because the concept didn’t speak to their financial situation and/or the push and pull comparisons were not relevant to them. Most (47 out of 66 – 71%) felt that the concept was believable.
After reviewing the images for Concept 3 – Voice of Reason,
participants in the Set A groups shared what they believed to be the main
message and purpose of the concept. Frequent response themes included:
·
With
changing times, Canadians are dealing with more pressure from debt. Visit the
site for tools to help manage finances and debt.
·
You can
change the way you manage debt from help with the website.
·
To raise
awareness and share tools related to/helping with financial literacy and debt
management.
·
Get
Canadians to take control of their finances and provide them with resources
they can use to manage financial challenges.
·
Credit
cards are not the only way to pay for things. Think before spending and do not
be impulsive with your money.
·
A PSA
regarding the rising costs and to be mindful of upcoming bills.
The concept was preferred by and resonated with those in the 41-54 age range. In addition, many participants in their late 30s also found this concept most relevant to them. “I think it’s pretty clear that the message they’re getting across and letting us know that there are some tools and tips and whatnot that can help you manage your debt” (British Columbia Female 25-40). However, this concept did not resonate with the younger participants (18-24), particularly those in British Columbia.
Participants with a higher household income ($100k+) and a mortgage were more likely to find this concept appealing. Participants in the 41-54 age range who were managing larger debts, such as mortgages and car loans, indicated this concept was their most preferred.
Having the Government of Canada wordmark more prominently visible was seen as necessary by participants. They wanted to be assured that the information was coming from a reliable source (the government) and not a scam ad, a banking ad, or a debt rescue ad. As one participant stated, “I think this is definitely relevant to me. Because it’s coming from the Government of Canada, I would be curious to see what they would be suggesting” (Ontario Male 41-54).
Participants were asked for both their positive and negative reactions to the concept. In terms of positive reactions, many participants, particularly those with higher household incomes ($100k+) related to the graphics and the messaging. The visuals were appreciated by many, especially in Atlantic Canada. Participants said they thought the transparency of the credit card worked well for the ad’s messaging. As noted by one participant, “I like that there is a transparent effect, kind of showing the debts behind that you might not necessarily think about upfront every day. I thought it was a really cool effect” (Atlantic Female 41-54). The look of the ad was thought to be “more professional” and “serious” in comparison to the other two concepts. This was seen as an important element for a debt/financial information ad from the government.
In terms of negative reactions, some believed the ad might be misinterpreted as a debt relief company ad or a scam. Additionally, the personification of the credit card was somewhat lost on the participants. Many were not sure how this element of the concept connected to debt management and finances. Visually, the credit card (the chip) and colors of the ad (blue) reminded participants of a bank ad or an ad for a credit card. Several participants, especially in Quebec, thought the visuals were dense/cluttered. As one participant stated, “I find that it is very dense at the graphic level. I don’t see my situation reflected in this concept. There is too much going on” (Quebec Male 18-24).
· The personification of the credit card was somewhat lost on the participants. Many were not sure how this element of the concept connected to debt management and finances.
· The majority of participants preferred the phrase manage your money in comparison to spending habits.
· For many participants, the term managing your money was thought to be empowering and providing a sense of control.
o “For me personally, I think the second one, how you manage your money, because that, to me, is like a tool that I could use to manage my money versus my spending habits. I have already cut down on my spending habits to the best of my ability so a tool to help me manage my money better is more appealing to me personally” (British Columbia Male 25-40).
During
polling, the majority (61 out of 66 – 92%) indicated the message being
communicated was important. Three-fifths (41 out of 66 – 62%) believed the
concept was effective in getting their attention and communicating the message.
Those who indicated the message was not effective said it was because the
concept didn’t speak to their financial situation. Many (57 out of 66 – 86%) felt
that the concept was believable.
After reviewing the images for Ad 4 – Financial Balance,
participants in the Set B groups shared what they believed to be the main
message and purpose of the ad. Frequent response themes included:
·
Improve
financial literacy.
·
Help
Canadians manage their debt.
·
Tools and
tips are being promoted to help Canadians manage debt.
Only a few participants believed that the message was not important, while most believed that the message was very important. Those who thought the message was unimportant indicated they did not think they needed financial literacy to manage their finances. Quebec participants liked the combination of the messaging and the image because it clearly illustrated the struggle with finding financial balance.
This ad resonated with those having large debt (either a mortgage or student loan). Many participants felt that the ad was targeted towards millennials. The reason they thought this was because this age group is looking for “balance” in life and are often carrying a lot of debt with minimal experience. As stated by one participant, “I think it's aimed at probably younger people because, especially today, it's hard for people to manage their needs with things that they want to buy to make their life more comfortable. And I think it also applies a lot to people like me, who have large debt, such as student loans” (Ontario Male 18-24).
Many participants in the age group 41-54 believed that they didn’t need help managing debt. Participants with higher household incomes ($80,000+) were more likely to indicate this ad resonated with them. Quebec participants generally agreed the ad was targeted towards an older audience, those who were 30+ because they were likely to be managing more financial responsibilities, such as loans and mortgages.
Participants were asked for both their positive and negative reactions to the ad. In terms of positive reactions, many participants felt that it was a simple, clean presentation; the clear messaging was appreciated. They liked that the ad was pointing towards bringing ‘balance’ and that the information provided is specific about how to manage debt. They found the first image to be engaging. The 25-41 age group felt that they would click the link for more information because it looked like stock/investment commercials, and they like to follow investment opportunities.
In terms of negative reactions, some
participants found the ‘debt’ in the initial slide was intimidating and felt
that it gave the ad a negative tone. As stated by one participant, “debt maybe
more of an intimidating word. So if you include something that is sort of
intimidating, it may prevent people from clicking on it, whereas if you use a
word like finances, like managing your finances, it's sort of leading you down
a rosier path” (British Columbia Male 25-40). They suggested flipping the text
on the slides to have the mention of debt as the second message. A couple of
participants indicated that they needed more clarity on what the bars signify
and suggested labeling them. Some participants in the Eastern Canada group felt
that the colour and style of the ad was very reminiscent of other financial
institution advertisements, such as TD, Desjardin, giving the impression that
it would be to sell some financial product instead of being government backed
information - “the colours and the shades and the style of the ad really just
remind me of like TD and Desjardin and Manulife, companies like that” (Ontario
Female 25-40). Participants in BC did
not have this same association. A few Quebec participants also noted the
similarity to TD Bank.
· This ad resonated with those respondents who had large debt (mostly aged 30+ and those in Ontario and BC).
· Those with a large mortgage found the messaging to be effective and to speak specifically to their demographic. Youth with large student loans who believed they didn’t know how to manage finances also gravitated towards this ad.
· Overall, participants didn’t find anything negative or disturbing about the ad. However, the ad was not perceived as overly effective.
· Participants highlighted that they would need more details on the help available before clicking the link. Some participants also highlighted that it should be made clear at the outset that the ad is sponsored by the Government of Canada to increase its credibility.
o “I wouldn't necessarily know that it comes from the Government of Canada. So maybe there's an opportunity there to also change the name of the account or maybe the logo; or maybe just put a Canadian flag there to make it more trustworthy” (British Columbia Female 25-40).
· Many suggested adding the Government of Canada wordmark at the beginning of the ad.
During
polling, the majority (37 out of 40 – 92%) indicated the message being
communicated was important. Three-fifths (25 out of 40 – 62%) believed the ad
was effective in getting their attention and communicating the message. Many (32
out of 40 – 80%) felt that the ad was believable.
After reviewing the images for Ad 5 – Financial Future,
participants in the Set B groups shared what they believed to be the main
message and purpose of the ad. Frequent response themes included:
·
To promote
tools to help Canadians reduce household debt.
·
To help
Canadians through advice in managing finances and planning for the future
financially.
Almost all participants felt that it conveyed an important message. This message was effective and believable and specifically resonated with those who were late millennials and those in the 41-54 age group. Participants understood the messaging and appreciated the clear and simple text and images. In Quebec, Remboursez vos dettes was off-putting and did not resonate with participants. In addition, Prenez votre avenir financier en main was thought to be somewhat judgmental and indicated that there was something that needed fixing.
Most participants felt that this creative was more relevant for a 25+ age group. Those with large debt were more likely to react positively to this creative. Younger participants (aged 18-24) didn’t relate with the language and thought it was not appealing. While younger participants felt shaping the financial future made sense in the ad, paying down debt wasn’t something that would make them click on an ad to find out more.
Participants were asked for both their positive and negative reactions to the ad. In terms of positive reactions, participants felt that it resonated with those who are just starting out (with their partner) and thinking about their future. They liked the fact that it was easy to read, wasn’t cluttered, and had good graphics – “It's clean, it's simple, it's easy to see” (British Columbia Female 41-54). They preferred the colour palette to the Financial Balance ad (Ad 4) and liked the fact that the ad was unique in that it was not reminiscent of anything else.
In terms of negative reactions, some participants didn’t find it very eye catching for a social media advertisement. Many young participants (aged 18-24) felt the language was very formal, boring, and parent-like. “The wording is pretty formal. It's not an interesting ad to look at or to read, and it doesn't particularly make me want to look further into it” (Ontario Male 18-24). Additionally, they felt it needs more credibility to ensure click through; many said that the Government of Canada wordmark should be highlighted.
· Shape was clearly more liked by English language participants (16/20). Many reasoned that shape made more sense since they already have debt, and they would need to shape it for a better future.
o “I think shape is more benefiting my situation because if you use the word build, it's like building from the ground up; like you don't have any financial future set, and that's not the case for me. So, I think shape would be better because I've already used tools to manage my money” (British Columbia Male 18-24).
· Participants believed that build would have made more sense if they had just started out and had no debt. Those aged 18-24 liked ‘build’ more than shape for this reason.
· In Quebec, Bâtissez votre avenir financier was preferred.
· This ad received similar feedback as Ad 4 (Financial Balance), but participants generally connected more with the messaging and imagery in this ad.
· Respondents knew that the message is important and those with large debt found the message effective for them.
· The tone of the message resonated with younger millennials, along with 41-54 age group, as the message focuses on improving the future.
· There was some discussion throughout about making the advertisements more credible by prominently placing the Government of Canada wordmark at the beginning of the ad.
· In Quebec, mentioning debt in the second frame was seen as an important adjustment to the messaging.
During
polling, almost all (38 out of 40 – 95%) indicated the message being
communicated was important. Most (35 out of 40 – 87%) believed the ad was effective
in getting their attention and communicating the message. Many (27 out of 40 – 67%)
felt that the ad was believable.
After reviewing the images for Ad 6 – Abstract, participants in
the Set B groups shared what they believed to be the main message and purpose
of the ad. Frequent response themes included:
· To let Canadians know that there are resources available to help them understand and manage finances.
Overall, the message of this ad was seen as more supportive and empathizing in comparison to the other two ads. Respondents appreciated that this message showed that the government understands that their financial situation is not their fault. While some Quebec participants thought the ad was the best of the three, some participants thought the message was vague and as a whole, did not make sense.
This message resonated the most with young respondents, especially 18-24 and early 30s. Those in eastern Canada (comparatively lower mortgage/debt as compared to BC) found it most appealing, especially as compared to the other ads. Among British Columbians, youth aged 18-24, who are new to managing their own finances were drawn towards this ad. Quebec participants were fairly divided when it came to the Abstract ad, with the first group expressing dislike for the ad and the second group providing much more positive feedback.
Participants were asked for both their positive and negative reactions to the ad. In terms of positive reactions, most liked the term Abstract. They mentioned that this ad assumes that Canadians are financially literate, but it is the nature of finance that is abstract. As stated by one participant, “So I think the word abstract is probably one of the better verbiage or wordings that has been used so far in all of the terms, because it really does encompass the fact that most Canadians aren't financially literate. It's an abstract concept that you have to really think about. So, I think that's great” (Ontario Male 41-54). As a result, they liked the tone of the message and found it more empathizing than others. Additionally, it was felt to have wider appeal, in that you don’t have to be debt ridden to manage your finances. Visually, they found that the colour was attention-grabbing and the ad in general was more eye-catching than others. The graphics explained the ad well – The load, which was large, became bite sized later with help. Overall, the message about ‘free tips and tools’ is clearer in this ad in comparison to Ad 4 and Ad 5.
In terms of negative reactions, some participants, especially in Quebec, questioned what the ad was for, and what the main purpose was. Some, especially those in Quebec, found it a bit vague. “The message is abstract. If I have specific problems, I don't see how having knowledge of finances in general can help me” (Quebec Female 25-40). It was also felt that there may be a need for more details before expecting a reaction to the call-to-action.
· This ad was most liked among the younger age group, those who might not have a mortgage, may have other debt, and find managing finances difficult in general.
· The tone of the message was well liked.
o “This is definitely a lot more positive” (British Columbia Female 25-40).
o Those who found the pay down debt or manage debt as condescending were more appreciative of this empathetic tone.
· The ad was seen as having wider appeal.
During
polling, almost all (37 out of 40 – 92%) indicated the message being
communicated was important. Most (36 out of 40 – 90%) believed the ad was
effective in getting their attention and communicating the message. Many (29
out of 40 – 72%) felt that the ad was believable.
Conclusion
·
Overall, the message of the Make Change that Counts: Managing Your
Money in A Changing World campaign is viewed as important, and the concepts/ads
are effective.
·
While there was no specific “winner” and each concept/ad resonated with some,
but not others, all concepts/ads
were free of “red flags” and did not contain anything negative that would
prevent the use of the concepts/ads.
Recommendations
·
Ensure that the chosen concept(s) account for different age demographics and
people in varying financial situations. If only one concept is chosen, it will be important to adjust the
messaging in order to speak to different segments of the Canadian
population.
·
Depict realistic and relatable scenarios of individuals struggling with
debt and making everyday decisions. This is especially important in the Push
& Pull concept. While deciding on what groceries to purchase and work
within a budget was clear to many, the scenarios of choosing between a movie or
rent or choosing between fixing a leaking roof vs. take out were not.
·
Canadians want to see the Government of Canada wordmark, especially on a
social media ad, so they can know the information is coming from a trusted
source.
·
While many look to the government as a trusted source of information,
many also fault the government for the rising cost of living. It is important
to keep this conundrum in mind when choosing words to express debt
responsibility and financial management.
·
Emotions are high when it comes to discussions around finances, even
more so in today’s economic climate. Words such as habits, resilience,
responsibility are not well received by Canadians.
·
If possible, provide some information on the type of support (tips and
tools) that are being offered. Financial Literacy Month is not well known so
this information does not add to the consumers’ knowledge of what supports may
be available.
·
Keeping the ads short, vibrant, and easy to follow will increase the
likelihood that Canadians will take action and click on the link for more
information.
Shaping Balance
Créer l’équilibre
Image descriptions:
Financial Balance
·
A white dollar sign symbol is
shown with the strike-through extending upwards towards the top of the blue background.
The ad copy reads: Find the right balance between paying down debt and daily
spending. Get free tips and tools to manage your money with confidence. Visit
Canada.ca/Financial-Literacy-Month.
·
The solid line extends vertically
up the screen, with the top of the dollar sign still slightly visible at the
bottom. From a top-down angle, a person balances tenuously on the white line as
a tightrope.
· The word “balance” is now visible, with its “L” being formed by the pre-existing tightrope. The tagline You don’t need to be an expert to find your financial balance is at the top right side of the screen.
· The screen is now a soft pink colour, with the tagline Get free tips and tools to manage your money displayed across it.
· The Government of Canada wordmark is displayed in the middle of the screen.
Financial Resilience
· White text that reads Paying down dept is displayed on a purple screen with the white outline of four boxes slightly visible at the top of the screen. The ad copy reads Find the right balance between paying down debt and daily spending. Get free tips and tools to manage your money with confidence. Visit Canada.ca/Financial-Literacy-Month.
· A stack of purple blocks representing personal debt take up the majority of the screen. A pair of feet are visible in the upper right portion of the screen.
· A stack of blocks is at the bottom of the screen, revealing a couple carrying away one of the debt blocks, happy and in an act of financial success. The tagline Builds up your financial resilience is displayed above the gap where the debt block originally was.
· The tagline reads Get free tips and tools to manage your money as the couple is now more out of view of the screen.
· The Government of Canada wordmark is displayed in the middle of the screen.
Push & Pull
Le tiraillement
Image descriptions:
Groceries
· An orange screen displays graphics of a collection of grocery items sitting on a smartphone screen. Text messages between two individuals are displayed on the screen. Text one reads Hey babe. Are you still at the store? Text two reads Yup! Almost done (heart emoji). The ad copy reads Higher costs mean you may need to adjust your budget. Get free tips and tools to manage your money and debt.
· The collection of grocery items has now been replaced by a single block of cheese with a price tag displaying a large dollar sign on it. The back-and-forth text thread continues. Text one reads Get some of that (cheese emoji) we like! Text two states It’s not on sale anymore… (two money bag emojis). Text three reads So? (eyeroll emoji) Everything’s expensive now!
·
The cheese has now been joined
by two bottles of juice next to an orange. The back-and-forth text thread
continues. Text one reads Including our mortgage. Text two simply shows
an eyeroll emoji. Text three reads Let’s budget for it next week (moneybag
emoji). Text four states Great, I’ll still be craving that cheddar.
· A graphic of a house with a block of cheese resting on the roof is shown. The tagline reads Finances don’t need to feel like a push and pull. Get free tips and tools to manage your money. The Government of Canada wordmark is depicted in the bottom right corner.
Movies
· A light green screen displays graphics of two sets of movie popcorn and drinks sitting on a smartphone screen. Text messages between two individuals are displayed on the screen. Text one reads Plans tonight? Text two reads Nope. What’s up? Text three states That new movie is out! (dancing women emoji, bow and arrow emoji, explosion emoji). Text four depicts a starry-eyed emoji. The ad copy reads Higher costs mean you may need to adjust your budget. Get free tips and tools to manage your money and debt.
· The phone now depicts graphics of a calendar with one date check-off on it and one bag of movie popcorn. The back-and-forth text thread continues. Text one reads You in? Text two reads Can’t. My rent’s due tomorrow (downcast emoji). Text three shows a sad emoji. Text four reads Can we go next week instead?
· The calendar and movie popcorn are now joined by two movie theater drinks and another bag of popcorn. The back-and-forth text thread continues. Text one states Nope! GOTTA go tonight. Text two (from the same individual) reads No way I’ll avoid spoilers till next week! Text three states Ok next time popcorn is on you (winky emoji).
· A graphic of a man and woman sitting next to each other in movie theater chairs while the woman holds a fountain drink, and the man holds a bag of movie popcorn is shown. There is a text bubble with a winky emoji next to the man. The tagline reads Finances don’t need to feel like a push and pull. Get free tips and tools to manage your money. The Government of Canada wordmark is depicted in the bottom right corner.
Restaurant (Tug of war)
· A light blue screen displays graphics of two bowls of shrimp ramen sitting on a smartphone screen. Text messages between two individuals are displayed on the screen. Text one reads Pay day! Dinner’s on me! (ramen bowl emoji). Text two depicts a cringe emoji. Text three reads Pleeeeeease. The ad copy reads Higher costs mean you may need to adjust your budget. Get free tips and tools to manage your money and debt.
·
The back-and-forth text thread
continues. Text one reads Interest rates just went up again, (downcast
emoji). Text two (from the same individual) reads and we have a variable
mortgage. Text three states We’ll cut back on other things!
· A graphic of two buckets full of water now sit on the smartphone screen. The back-and-forth text thread continues. Text one states Like the roof that needs fixing? Text two reads This is you raining on my parade. Text three reads And this is you every time it rains inside. Text four (from the same individuals shows a crying emoji and a rain umbrella emoji.
· A graphic of a woman reclining on a couch with a smartphone in hand and a large bowl of ramen is depicted. There is a text bubble with a crying emoji and a rain umbrella emoji next to the woman. The tagline reads Finances don’t need to feel like a tug of war. Get free tips and tools to manage your money. The Government of Canada wordmark is depicted in the bottom right corner.
Voice of Reason
La voix de la raison
Image descriptions:
Spending Habits
·
A transparent credit card is superimposed
over the wooden front door of a house, which is now blurry in the background.
The tagline is on the card and reads Remember – I’m not your only monthly
payment anymore. The ad copy states Debt is more expensive now, so the
way you manage your money may need to change. We’ve got free tools and tips to
help. Visit Canada.ca/financial… (see more).
· The blurred portion of the house is now clear and a blue bar with a credit card chip on the top left takes up the bottom half of the screen. The tagline reads With debt, your spending habits may need to change. Get free tips and tools to manage your debt. The Government of Canada wordmark is depicted in the bottom right corner.
Manage Your Money
·
A transparent credit card is
superimposed over a parked, yellow SUV, which is now blurry in the background.
The tagline is on the card and reads Remember – I’m not your only monthly
payment anymore. The ad copy states Debt is more expensive now, so the
way you manage your money may need to change. We’ve got free tools and tips to
help. Visit Canada.ca/financial… (see more).
· The blurred portion of the SUV is now clear and a blue bar with a credit card chip on the top left takes up the bottom half of the screen. The tagline reads With debt, your spending habits may need to change. Get free tips and tools to manage your debt. The Government of Canada wordmark is depicted in the bottom right corner.
Financial Balance
Équilibre financier
Image descriptions:
Manage Your Debt
·
Three light green vertical bars
are displayed in a descending pattern, reminiscent of a bar chart. There is a man
in black and white climbing on top of the middle bar precariously, using the
bottom one as leverage as it sways under his movement. The tagline reads Manage
your debt. The ad copy states Find the right balance between daily
spending and paying down debt. Get free tips and tools to manage your money
with confidence. Visit Canada.ca/Financial-Literacy-Month.
·
The man is now seen to be
sitting confidently on one of three vertical bars that are now in ascending
order. The tagline reads Find your financial balance. Get free tips and
tools to manage your money.
·
The screen is blank aside from
the Government of Canada wordmark in the center.
Financial Future
Avenir financier
Image descriptions:
Shape
·
A man and women in black and
white carry an illustrated blue box together, as if holding a moving box. The
tagline reads Pay down debt. The ad copy states Get free tips and tools
to manage your money with confidence. Visit Canada.ca/Financial-Literacy-Month.
· The couple is still carrying the box and there is now a stack of several boxes to the right of them. The tagline reads Shape your financial future. Get free tips and tools to manage your money.
·
The screen is blank aside from
the Government of Canada wordmark in the center.
Build
·
A man and women in black and
white carry an illustrated blue box together, as if holding a moving box. The
tagline reads Pay down debt. The ad copy states Get free tips and
tools to manage your money with confidence. Visit Canada.ca/Financial-Literacy-Month.
· The couple is still carrying the box and there is now a stack of several boxes to the right of them. The tagline reads Build your financial future. Get free tips and tools to manage your money.
·
The screen is blank aside from
the Government of Canada wordmark in the center.
Abstract
Abstraite
Image descriptions:
Abstract
·
A looming, large orange shape
takes up the top half of the image in a precarious manner, with a black and
white couple supporting it on their shoulders but struggling to do so. The
tagline reads Finances can seem large and abstract. The ad copy states Get
free tips and tools to manage your money with confidence. Visit Canada.ca/Financial-Literacy-Month.
· We see the same couple standing on a solid foundation of orange boxes, now holding a more manageable sized box. The tagline states We have free tips and tools to help you understand them.
· The screen is blank aside from the Government of Canada wordmark in the center.
Hello/Bonjour, may I
please speak with _____________? My name is ________ and I am calling on behalf
of Leger, a national opinion research firm. Would you
prefer that I continue in English or French? Préférez-vous continuer en
français ou en anglais?”.
We are calling today
to see if you are interested in participating in upcoming online Focus Group
research, the focus group will discuss advertising ideas that the Government of
Canada is planning to share with Canadians.
Participation is voluntary and all your answers
will be kept confidential and will be used for research purposes only. We are simply interested in hearing your
opinions – no attempt will be made to sell you anything. The online discussion is led by a research
professional with Leger. Only first names are used to identify your comments
during the discussion. Transcripts of the session will be produced for research
purposes. The transcripts will be used only by the research professional to assist in preparing a report on the research findings
and will be destroyed once the report is completed.
READ TO ALL:
“The information collected through the
research is subject to the provisions of the Privacy Act, the legislation of
the Government of Canada, and to the provisions of relevant provincial privacy
legislation.]
All those who participate in the research will
receive a $100 virtual Visa eGift card
as a token of appreciation for their time. The total time commitment to
participate is approximately 90-120 minutes.
For more information about this research by
visiting Canadianresearchinsightscouncil.ca search using this project
registration # 20220912-LE311
A2. The group discussions we are organizing are
going to be held over the Internet. They are going to be "online
focus groups". Participants will need to have access to a reliable
laptop or desktop computer, a high-speed Internet connection, and a WebCam
in order to participate in the group. You would need to be in a place that is
quiet and free of distractions for the duration of the discussion, with no
distractions like other people, children or pets. Would you be able to
participate with these requirements?
Yes |
1 |
CONTINUE |
No |
2 |
THANK AND CONCLUDE |
Would you be interested in participating in the
focus group?
[IF
YES, CONTINUE to READ ALL].
q IF YES, CONTINUE
q IF NO, TRY TO SET A CALL BACK OR THANK AND TERMINATE
Before I can invite
you to attend there are a few questions I need to ask to see if you qualify. This
will take few minutes (e.g. 5 minutes)
May I ask you a few questions? [YES
= CONTINUE]
1. Are you between the age of 18 and 54?
q Yes CONTINUE
q No TERMINATE
1a. What is your
province /Territory of residency? [Do not read]
q Atlantic Canada
[Newfoundland and Labrador, Prince Edward Island, Nova Scotia, New Brunswick] [Group 5,6]
q Quebec [Group 7,8]
q Ontario [Group 1,2]
q Manitoba
q Saskatchewan
q Alberta
q British Columbia [Group 3,4]
[Interviewer NOTE: If the respondent prefers to speak in French, they can be recruited for groups 7 & 8, regardless of location]
2. Please tell me if you or any member of your immediate family works in or has retired from:
|
✔ |
Media, such a newspaper, TV or radio station |
|
Advertising or Communications |
|
Market or PublicPublic opinion research |
|
Journalism |
|
[IF YES TO ANY OF Q2: THANK AND TERMINATE]
NOTE: FOR TERMINATION SAY – UNFORTUNATELY THAT CATEGORY IS FILLED FOR THIS SESSION. THANK YOU FOR YOUR TIME.
3.
Gender [By observation
only] [AIM FOR 50/50 split for
all groups]
q Male
q Female
4. Can you please tell me which of the following age categories you fall into? [AIM FOR GOOD MIX]
q Under 18 [TERMINATE]
q 18-24 [MINIMUM 3 IN EACH GROUP]
q 25-40
q 41-54
q 55 plus [THANK & TERMINATE]
q Refuse [THANK & TERMINATE]
4A. What is your marital status? [AIM for a mix]
q Single
q Common-law partner/ Married
q Separated/ Divorced
q Widowed
q Refuse [THANK & TERMINATE]
5.
Can you estimate in which
of the following groups your household income falls [WATCH MINIMUM QUOTAS
AND AIM FOR MIX OF INCOME RANGES]:
q Less than $40,000 [MINIMUM 3 per group]
q $40,000 to $60,000
q $60,000 to $80,000
q $80,000 to $100,000
q $100,000 to $150,000
q Over $150,000
q Refuse [THANK & TERMINATE]
6. Which of the following represent your current primary residence situation? [AIM for a good mix]
q Own my home [At least 4 per group]
q Rent my home
q Other
q Refuse [THANK & TERMINATE]
7. [HOMEOWNERS] What kind of mortgage do you have?
q Fixed rate mortgage
q Variable rate mortgage
q Refuse [THANK & TERMINATE]
8. [HOMEOWNERS/RENT/OTHER] Are you looking to purchase a new house in the next 12 to 24 months?
q Yes
q No
q Refuse
9. There are also other types of loans available for household needsaside from a mortgage. Has your household currently taken out or paying back any of the following loans? [CHECK ALL THAT APPLY]
q Student loan
q Home equity line of credit
q Credit card
q Car or Automobile loan
q Personal loan or line of credit
q Any other loan (please specify….)
q No debt/loan
q Refuse
10. What is your current employment situation? Are you… [READ; SELECT ONE] [AIM for a good mix]
q Employed full time
q Employed part-time
q Self-employed
q Not employed
q Retired
q Student
q Unable to work/ Employed but on leave (due to disability/ maternity/ paternity etc)
q Other
q Refuse [THANK & TERMINATE]
11. What is the highest degree or level of school you have completed? [Aim for a good mix]
q Less than a high school diploma
q High school degree or equivalent
q Bachelor’s degree
q Master’s degree
q Professional degree
q Doctorate
q
Refuse [THANK & TERMINATE
12.
Were you
born in Canada or did you immigrate to Canada? [AIM for a good mix]
q
Born in
Canada
q
Immigrated
to Canada more than 5 years ago
q
Immigrated
to Canada one to five years a ago
q
Immigrated
to Canada less than one year ago
q
Refuse [THANK & TERMINATE]
10. While we are all Canadians, we belong to different ethnic or cultural groups, to which ethnic group(s) do you belong? [AIM FOR A MIX]
q Black
q East/Southeast Asian
q
Indigenous
(First Nations, Inuk, Inuit, Métis)
q Latino
q Middle Eastern
q South Asian
q White
q Other Specify
q Don’t know
q Prefer not to answer
11. Are you a person that is currently living with a disability? [AIM FOR A MIX]
q Yes
q No
q Prefer not to answer
[INTERNAL NOTE] Each participant should qualify as at least one of the following
12. As I mentioned earlier, you are being invited to an online group discussion where you will be asked to type in answers to questions from the moderator as well as possibly questions put forward by other participants in a chat/text-based format. How comfortable are you participating in a discussion forum in this manner? Would you say you are very comfortable, somewhat comfortable, not very comfortable or not at all comfortable?
|
✔ |
Instruction |
Very comfortable |
|
CONTINUE |
Somewhat comfortable |
|
CONTINUE |
Not very comfortable |
|
THANK & TERMINATE |
Not at all comfortable |
|
THANK & TERMINATE |
Don’t know |
|
THANK & TERMINATE |
13. Have you ever attended a consumer group discussion, an interview or survey which was arranged in advance and for which you received a sum of money?
q
Yes [CONTINUE
TO Q14]
q No [SKIP TO Q16]
14.
When was the last time you
attended a focus group? PLEASE
SPECIFY __________________
[STAND BY IF IN THE six
months]
15. [IF ATTENDED GROUPS IN PAST ASK SIX MONTHS] What was the topic of the research groups you attended in the past six months?
_______________________________________________________ [TERMINATE IF FINANCE RELATED]
16. Sometimes participants are also asked to type out their answers to a questionnaire, read or watch a communication material during the discussion. Is there any reason why you could not participate in any of this?
q
Yes PROBE TO UNDERSTAND BUT IF UNABLE TO DO ANY OF
ABOVE THANK & TERMINATE]
q No [CONTINUE]
Read to Stand-by
Respondents
May I please have a daytime contact number, an evening contact
number and an email address, if you have one, so that we can contact you as
soon as possible if an opening becomes available. [RECORD CON
PRIVACY SECTION
Now I have a few questions that relate to
privacy, your personal information and the research process. We will need
your consent on a few issues that enable us to conduct our research. As I
run through these questions, please feel free to ask me any questions you would
like clarified.
P1) First, we will provide the session
moderator with a list of respondents’ names and profiles (screener
responses) so
that they can sign you into the group. This
information will not be shared with the Government of Canada. Do we have
your permission to do this? I assure you it
will be kept strictly confidential.
Yes |
1 GO TO P2 |
No |
2 Read information below and P1A |
We
need to provide the online platform and session moderator with
the names and background of the people attending the focus group because only
the individuals invited are allowed in the session and the facility and
moderator must have this information for verification purposes. Please be
assured that this information will be kept strictly confidential. GO TO P1A
P1a) Now that I’ve explained this, do I have
your permission to provide your name and profiles to the online platform
and moderator?
Yes |
1 GO TO P2 |
No |
2 THANK AND CONCLUDE |
P2) A recording of the group session will be
produced for research purposes. The recording will only be used by the
team of researchers at Léger to assist in preparing a report on the
research findings. Do you agree to be recorded for
research purposes only?
Yes |
1 GO TO INVITATION |
No |
2 Read information below and P2A |
It is
necessary for the research process for us to record the session as the
researcher needs this material to complete the report. When
the report is finalized the recordings are destroyed.
P2a) Now that I’ve explained this, do I have
your permission for recording?
Yes |
1 GO TO INVITATION |
No |
2 THANK AND CONCLUDE |
[INV1] As I mentioned earlier, the online group discussion will take place [INSERT DATE/TIME].
The groups are conducted via a video group discussion. You will be required to log-in a few minutes prior to the start time [5:30pm/7:30pm]. The moderator will ask questions in the video discussion as well as display some material. A video camera associated with your computer is required for the discussion. Would you be willing to participate?
q Yes [CONTINUE]
q No [THANK & TERMINATE]
Great, I would like to invite you to participate in an Online Focus Group. All participants who attend will receive $100 Visa Virtual eGift card as a thank you for their time.
I want to tell you a bit more about
how the online focus group will run:
All you
would need is access to a computer with High speed Internet and a video camera.
The group will have 8 to 10 other participants. You can participate on a tablet
or a smartphone as well, however we recommend using a laptop or desktop. The
device must be video enabled.
You will
be required to log-in about 5 to 10 minutes prior to the beginning of the group [5:30pm/7:30pm]. Participating in the group is very easy and
you only need to be able to contribute in the discussion and provide your
opinion.
In the next couple of days, a
confirmation email will be sent out with all this information. The day before
the group takes place you will receive an email with your log in instruction
and special password.
If you
have never participated in an online focus group that is O.K- you will be
provided with all the instructions by the moderator via email and you can ask
questions at anytime. Again, it is very user friendly.
You should know that in addition to the moderators, there may be other people from department’s creative/ research team observing the session. You should also know that a transcript of the sessions will be kept to assist in preparing a report on the research findings and will be destroyed once the report is completed.
This is standard for research studies of this nature. Please be assured, however, that any transcripts will be used for research purposes only and that your comments will be treated confidentially.
Participants will receive an $100 Visa Virtual eGift card; the gift cards will be sent out 10-15 business days after the groups are completed. They will be sent to your email address.
Given all
that I’ve just outlined, would you be willing to commit to and participate in
the online focus group?
q Yes [CONTINUE & RECORD ALL CONTACT INFORMATION ON PAGE 1]
q No [THANK & TERMINATE]
Your attendance is very important to the success of this research, we are depending on you to attend.
Your attendance is extremely important since we only ask a small
number of people to participate. If for
any reason you are unable to participate, please let me know as soon as
possible so we can find someone to fill your spot. Because we are looking for specific types of
people, please do not have anyone log on in your place. I can be reached at [XXXXX].
To ensure that the focus groups run
smoothly, we remind you:
Objective
FCAC is set to launch a national multimedia campaign “Make Change that
Counts: Managing Your Money in a Changing World”.
The campaign will aim to strengthen the financial literacy of Canadians
and help build their financial resilience in a continually shifting economic
landscape. Considering inflation and higher interest rates, the campaign will
focus on equipping Canadians with practical tips and tools to manage their
money and debt in these challenging and changing times.
The objective of the
qualitative work is to capture overall impressions and determine the
effectiveness of the advertising among Canadians.
Introduction &
DISCUSSION Guidelines (10 minutes)
Now I would like to quickly go around and have
everyone introduce themselves, first name is fine. And tell us a little about
what keeps you busy these days—if its work; school; family hobbies...
WARM-UP [Understanding perceptions of current financial wellbeing] (10 MINUTES)
1. Most Canadians have debt. It could be a
mortgage for some, automobile loan or credit card debt for others. Thinking of
your own household finances, can you tell me a bit about what your own
household debt looks like?
2. Inflation is impacting our finances. Prices
and interest rates have increased. How is the increasing cost of living
impacting your debt management?
3. How are you covering the increasing cost of
living? Are there any tips or tricks that you follow for managing your household
finances?
REVIEW OF CONCEPTS (45
MINUTES)
I have some images
that I would like to show you to get your reactions.
I am going to share my
screen and show you several images. The images are of advertisements in a
storyboard format. This just means its not in the final format, but in a
preliminary planning stage and when they are final, they will be in a video
format. I will walk you through each storyboard. We will look at three
individual concepts.
As I am showing them
to you, I would like you to answer the questions I ask using the paper in front
of you. We will all record our answers and then we will discuss as a group. So,
for now, we will save our comments until we open up the discussion. Sound good?
FIRST CONCEPT - #1 / 2 /3 (15 minutes per concept)
[SHOW SLIDE # VISUAL OF THE FIRST CONCEPT –
CHECK ROTATION ORDER OF CONCEPTS] (Will need to confirm which slide and
order)
WALK THE GROUP THROUGH
THE AD CONCEPT BY SHOWING EACH OF THE STORYBOARDS FOR THE CONCEPT AND READ OUT
TEXT. ALLOW A FEW SECONDS TO REVIEW.
Before we get into a
discussion about this concept, I want you to answer a few questions for me.
1. Using the chat feature
[IF NECESSARY, DESCRIBE WHERE CHAT FEATURE IS] send me/the moderator a short
message of what you feel is the main message or purpose of this advertisement.
2. Who do you think this
ad is meant to speak to? Do you find it
relevant to you? [PROBE: Why/ Why not]
3. What are your initial
reactions to the concept? DISCUSS
·
What did you like?
·
What did you dislike?
4. What was the main
message? REFER TO CHATS AS NECESSARY
Next are a couple of poll questions….
5. POLL QUESTION #1a How
important is the message being communicated?
·
Very important
·
Somewhat important
·
Not very important
·
Not at all important
6. POLL QUESTION #1b How
effective is the advertisement in getting your attention and communicating the
message?
·
Very effective
·
Somewhat effective
·
Not very effective
·
Not at all effective
7. POLL QUESTION #1C How
believable do you find the message of the advertisement?
·
Very believable
1. Somewhat believable
2. Somewhat
unbelievable
3. Very unbelievable
DISCUSSION – USE POLL
RESULTS AS NEEEDED AND CHAT FEEDBACK TO PROBE DURING THE DISCUSSION
8. Several visuals
encourage you to do something specific. What is that? [Visit site to get tips & tools to manage finances]
·
Would you do this?
·
What do you expect this site to provide?
·
Do you see yourself using the tips and information to manage your
finances?
Moderator instruction: ASK SPECIFIC CONCEPT PROBES BELOW AND THEN REPEAT
GENERAL APPROACH ABOVE FOR CONCEPTS 2 AND 3
SPECIFIC CONCEPT PROBES
Concept #1 – Shaping
Balance (10 minutes)
9. What is your
impression of the visuals of this creative? What is happening in the ad?
10. If you see this ad
while scrolling your social media, would the initial visual make you check the
whole ad? [WHY/WHY NOT]
11.
Does the text go well with the ad? Does it make sense altogether?
[WHY/WHY NOT]
12. [1st
execution] What do you think of the phrase ‘builds up your financial
resilience’? Does this make sense to you? [WHY/WHY NOT]
13. [2nd execution] What
do you think of the phrase ‘you don’t need to be an expert to find your
financial balance’? Do you agree with that statement? [WHY/ WHY NOT]
Concept #2 – Push
& Pull (10 minutes)
14. Do you relate to the
ads? What are your first impressions? Tell me more about this.
15. What do you think of
this chat format as a visual? If you saw such a message online, would you
read/check the creative? WHY / WHY NOT
16. [1st &
2 slide] What do you think of the phrase ‘finances don’t need to feel like a
push and pull’?
Is that true? Do you relate with that statement?
17. REMOVED
18. [3rd slide]
What do you think of the phrase ‘finances don’t need to feel like a tug of
war’? Is that true? Do you relate with that statement?
19. Which of the following
terms make the most sense to you? Finances don’t need to feel like a ‘push
and pull’, or a ‘tug of war’?
20. If you see this visual
while scrolling your social media, would you check the ad?
Concept #3 – Voice of
Reason (10 minutes)
21. Do you relate to these
visuals? What are your first impressions? Tell me more about this.
22. Do you think the text
and the visuals go together?
23. Which of the two
phrases make the most sense for this concept, “With debt, your spending habits
may need to change” OR “With debt, how you manage your money may need to
change”?
24. What does the term ‘spending
habits’ mean to you?
25. If you see this visual
while scrolling your social media, would you check the ad?
WRAP-UP OVERVIEW
DISCUSSION (15 minutes)
26. POLL QUESTION Which of
the three concepts would most encourage you to take action?
·
Push & Pull
·
Voice of Reason
27. POLL QUESTION Was there a concept that you didn’t like? Please use the
chat function to tell me why you didn’t like the concept?
·
Push & Pull
·
Voice of Reason
·
None- liked all the concepts
28. POLL QUESTION Of the
three concepts, which one would be most attention grabbing if you saw them on
social media?
·
Shaping Balance
·
Push & Pull
·
Voice of Reason
29. POLL QUESTION Of the
three concepts, which one is most relevant to you?
·
Shaping Balance
·
Push & Pull
·
Voice of Reason
DISCUSS RESULTS OF
COMPARISON QUESTIONS
30.
POLL QUESTION Of the three concepts, which is
the one you prefer overall?
·
Shaping Balance
·
Push & Pull
·
Voice of Reason
Those who selected concept 1/2/3 as
preferred, what was the reason for this? DISCUSS FOR EACH CONCEPT
What made this concept stand-out from the
others?
FINAL WRAP UP (5
MINUTES) (IF YOU HAVE TIME)
[CHECK TO SEE IF ANY FINAL QUESTION FROM OBSERVERS]
31. Either the link or the
description of each concept mentioned Financial Literacy Month, what do
you know about Financial Literacy Month?
32. Before you saw these
creatives, were you aware of Financial Literacy Month?
Those are all of my
questions for today but before I let you go, are there any other final thoughts
or comments that you would like to share?
On behalf of the
Financial Consumer Agency of Canada and Léger, thank you for your time and
great feedback.
CONCEPT ROTATION GRID
GROUP |
Order of Discussion |
||
First |
Second |
Third |
|
Grp 1 Mon
Oct 3 ON (E) 5:30 pm EST |
#1
Shaping Balance |
#2
Push & Pull |
#3
Voice of reason |
Grp 2 Mon
Oct 3 ON (E) 7:30 pm EST |
#2
Push & Pull |
#3
Voice of reason |
1
Shaping Balance |
Grp 3 TUE
OCT 4 BC (E) 5:30 pm PST |
#3
Voice of reason |
1
Shaping Balance |
#2
Push & Pull |
Grp 4 TUE
OCT 4 BC (E) 7:30 pm PST |
#1
Shaping Balance |
#2
Push & Pull |
#3
Voice of reason |
Grp 5 TUE
OCT 4 ATL (E) 5:30 pm AST |
#2
Push & Pull |
#3
Voice of reason |
1
Shaping Balance |
Grp 6 TUE
OCT 4 ATL (E) 7:30 pm AST |
#3
Voice of reason |
1
Shaping Balance |
#2
Push & Pull |
Grp 7 WED
OCT 5 QC (F) 5:30 pm EST |
#1
Shaping Balance |
#2
Push & Pull |
#3
Voice of reason |
Grp 8 WED
OCT 4 QC (F) 7:30 pm EST |
#2
Push & Pull |
#3
Voice of reason |
1
Shaping Balance |
Group Discussion schedule
Objective
FCAC is set to launch a national multimedia campaign “Make Change that
Counts: Managing Your Money in a Changing World”.
The campaign will aim to strengthen the financial literacy of Canadians
and help build their financial resilience in a continually shifting economic
landscape. Considering inflation and higher interest rates, the campaign will
focus on equipping Canadians with practical tips and tools to manage their
money and debt in these challenging and changing times.
The
objective of the qualitative work is to capture overall impressions and
determine the effectiveness of the advertising among Canadians.
Introduction
& DISCUSSION Guidelines (10 minutes)
Now I would like to quickly go
around and have everyone introduce themselves, first name is fine. And tell us
a little about what keeps you busy these days—if its work; school; family hobbies...
WARM-UP [Understanding perceptions of
current financial wellbeing] (10 MINUTES)
4. Most Canadians have debt. It
could be a mortgage for some, automobile loan or credit card debt for others.
Thinking of your own household finances, can you tell me a bit about what
your own household debt looks like?
5. Inflation is impacting our
finances. Prices and interest rates have increased. How is the increasing cost
of living impacting your debt management?
6. How are you covering the
increasing cost of living? Are there any tips or tricks that you follow for
managing your household finances?
REVIEW
OF CONCEPTS (45 MINUTES)
I have
some images that I would like to show you to get your reactions.
I am
going to share my screen and show you several images. The images are of
advertisements in a storyboard format. This just means its not in the final
format, but in a preliminary planning stage and when they are final, they will
be in a video format. I will walk you through each storyboard. We will look at
three individual concepts.
As I
am showing them to you, I would like you to answer the questions I ask using
the paper in front of you. We will all record our answers and then we will
discuss as a group. So, for now, we will save our comments until we open up the
discussion. Sound good?
FIRST CONCEPT - #1 / 2 /3 (15 minutes per concept)
[SHOW SLIDE # VISUAL OF THE FIRST CONCEPT –
CHECK ROTATION ORDER OF CONCEPTS] (Will need to confirm which slide and
order)
WALK
THE GROUP THROUGH THE AD CONCEPT BY SHOWING EACH OF THE STORYBOARDS FOR THE
CONCEPT AND READ OUT TEXT. ALLOW A FEW SECONDS TO REVIEW.
Before
we get into a discussion about this concept, I want you to answer a few
questions for me.
33. Using
the chat feature [IF NECESSARY, DESCRIBE WHERE CHAT FEATURE IS] send me/the
moderator a short message of what you feel is the main message or purpose of
this advertisement.
34. Who do
you think this ad is meant to speak to?
Do you find it relevant to you? [PROBE: Why/ Why not]
35. What
are your initial reactions to the concept? DISCUSS
·
What did you like?
·
What did you dislike?
36. What
was the main message? REFER TO CHATS AS NECESSARY
Next are a couple of poll questions….
37. POLL
QUESTION #1a How important is the message being communicated?
·
Very important
·
Somewhat important
·
Not very important
·
Not at all important
38. POLL
QUESTION #1b How effective is the advertisement in getting your attention and communicating
the message?
·
Very effective
·
Somewhat effective
·
Not very effective
·
Not at all effective
39. POLL
QUESTION #1C How believable do you find the message of the advertisement?
·
Very believable
1.
Somewhat believable
2.
Somewhat unbelievable
3.
Very unbelievable
DISCUSSION
– USE POLL RESULTS AS NEEEDED AND CHAT FEEDBACK TO PROBE DURING THE DISCUSSION
40. Several
visuals encourage you to do something specific. What is that? [Visit site to get tips & tools to manage
finances]
·
Would you do this?
·
What do you expect this site to provide?
·
Do you see yourself using the tips and information to
manage your finances?
Moderator instruction: ASK SPECIFIC CONCEPT PROBES
BELOW AND THEN REPEAT GENERAL APPROACH ABOVE FOR CONCEPTS 2 AND 3
SPECIFIC CONCEPT PROBES
Concept
#1 – Financial Balance (10 minutes)
41. What
is your impression of the visuals of this creative? What is happening in the
ad?
42. If you
see this ad while scrolling your social media, would the initial visual make
you check the whole ad? [WHY/WHY NOT]
43. Does
the text go well with the ad? Does it make sense altogether? [WHY/WHY NOT]
44. What
do you think of the phrase ‘find your financial balance’? Does this make sense to you? [WHY/WHY NOT]
Concept
#2 – Financial Future (10 minutes)
45. What
is your impression of the visuals of this creative? What is happening in the
ad?
46. If you
see this ad while scrolling your social media, would the initial visual make
you check the whole ad? [WHY/WHY NOT]
47. Does
the text go well with the ad? Does it make sense altogether? [WHY/WHY NOT]
48. [Execution
1- “Build”] What do you think of the phrase “Build your financial future?’?
Does this make sense to you? [WHY/WHY NOT]
49. [Execution
2- “Shape”] What do you think of the phrase ‘Shape your financial future’? Does this make sense to you? [WHY/WHY NOT]
Concept
#3
– Abstract
(10 minutes)
50. What
is your impression of the visuals of this creative? What is happening in the
ad?
51. If you
see this ad while scrolling your social media, would the initial visual make
you check the whole ad? [WHY/WHY NOT]
52. Does
the text go well with the ad? Does it make sense altogether? [WHY/WHY NOT]
53. What
do you think of the phrase ‘Finances can seem large and abstract’? Does
this make sense to you? [WHY/WHY NOT]
WRAP-UP
OVERVIEW DISCUSSION (15 minutes)
54. POLL QUESTION
Which of the three concepts would most encourage you to take action?
·
Financial Balance
·
Financial Future
·
Abstract
55.
POLL QUESTION Of the three
concepts, which one are you more likely to click on for more information?
·
Financial Balance
·
Financial Future
·
Abstract
·
Non of the above
56. POLL QUESTION Was there a concept that you didn’t
like? Please use the chat function to tell me why you didn’t like the concept?
·
Financial
Balance
·
Financial Future
·
Abstract
·
None- liked all the concepts
57. POLL
QUESTION Of the three concepts, which one would be most attention grabbing if
you saw them on social media?
·
Financial Balance
·
Financial Future
·
Abstract
58. POLL
QUESTION Of the three concepts, which one is most relevant to you?
·
Financial Balance
·
Financial Future
·
Abstract
DISCUSS
RESULTS OF COMPARISON QUESTIONS
59.
POLL QUESTION Of the three
concepts, which is the one you prefer overall?
·
Financial Balance
·
Financial Future
·
Abstract
Those who selected
concept 1/2/3 as preferred, what was the reason for this? DISCUSS FOR EACH
CONCEPT
What made this concept
stand-out from the others?
FINAL
WRAP UP (5 MINUTES) (IF YOU HAVE TIME)
[CHECK TO SEE IF ANY FINAL QUESTION FROM OBSERVERS]
60. Either
the link or the description of each concept mentioned Financial Literacy
Month, what do you know about Financial Literacy Month?
61. Before
you saw these creatives, were you aware of Financial Literacy Month?
Those
are all of my questions for today but before I let you go, are there any other
final thoughts or comments that you would like to share?
On
behalf of the Financial Consumer Agency of Canada and Léger, thank you for your
time and great feedback.
CONCEPT ROTATION GRID
GROUP |
Order
of Discussion |
||
First |
Second |
Third |
|
Grp 1 Mon Oct 24 5:30 pm EST (Ontario and Atlantic
Participants) |
#1 Financial Balance |
#2 Financial Future |
#3 Abstract |
Grp 2 Mon Oct 24 8:30 pm EST (British Columbia
Participants) |
#2 Financial Future |
#3 Abstract |
#1 Financial Balance |
Grp 3 TUE OCT 25 5:30 pm EST (French/Quebec
Participants) |
#3 Abstract |
1 Financial Balance |
#2
Financial Future |
Grp 4 TUE OCT 25 7:30 pm EST (French/
Quebec Participants) |
#1 Financial Balance |
#2
Financial Future |
#3 Abstract |
This evaluation
utilized the Government of Canada’s Advertising Campaign Evaluation Tool (ACET)
and was administered to a sample of Canadian adults 18 years old and older. Quantitative
research was conducted through online surveys, using Computer Aided Web
Interviewing (CAWI) technology. The online-based data collection regimen
entailed pre- and post-advertising campaign data collection conducted in two
waves. This approach permits a comparison of awareness and opinions over time,
as compared to other Government of Canada commissioned advertising campaigns.
As a CRIC Member,
Leger adheres to the most stringent guidelines for quantitative research. The
survey was conducted in accordance with Government of Canada requirements for
quantitative research, including the Standards of the Conduct of Government of
Canada Public Opinion Research— Series A – Fieldwork and Data Tabulation for
Online Surveys.
Respondents were
assured of the voluntary, confidential, and anonymous nature of this research.
As with all research conducted by Leger, all information that could allow for
the identification of participants was removed from the data, in accordance
with the Privacy Act.
The questions utilized
in this study were based on the Government of Canada’s standard Advertising
Campaign Evaluation Tool questionnaire. No ads were displayed in the
pre-campaign wave as the pre-advertising survey was aimed at assessing recall
and opinions prior to the new 2022-23 advertising campaign. In the
post-campaign wave, the respondents were shown three ads from the campaign and
were subsequently asked a series of questions about the advertisements. Leger ensured
that respondents were able to complete the survey on various platforms
including computers, tablets, or smartphones. English and French pre-test
surveys were collected in both pre- and post-waves.
To make sure that
online respondents answered the survey properly and seriously, Leger inserted
two validation questions. Our experience shows that including such questions
reduces the likelihood that respondents do not read the questions. In addition,
any respondent that answered the survey in less than 30% of the median
completion time was automatically removed from the sample as such speeds are
simply not achievable when reading questions properly. The questionnaires were
not altered in any other way, including the wording, order, and coding of
questions.
The questionnaire is
available in Appendix A2.
The survey approach
utilized in each wave was designed to be administered to an online adult panel
sample of approximately 2,000 Canadian adults aged 18 or older. Leger ensured
that the surveys collected closely reflected the Canadian general population in
terms of region, gender, and age groups. To ensure robustness of the samples
that approximate the true population parameters, quotas were implemented in
both pre- and post-wave data collection.
Leger owns and
operates an Internet panel of more than 400,000 Canadians from coast to coast.
An Internet panel is made up of Web users profiled on different sociodemographic
variables. The majority of Leger’s panel members (61%) have been recruited
randomly over the phone over the past decade, making it highly similar to the
actual Canadian population on many demographic characteristics.
In both waves, Leger programmed the questionnaire using Decipher software. The survey was both desktop and mobile optimized and thoroughly tested for consistent functionality. To best accomplish this, rather than the usual method of designing for desktop and adapting for mobile, Leger designs the surveys for smartphones and then adapts for larger screens. This “mobile-first” approach provides the best overall usability. The Decipher software we use stands out as the best online survey software for this purpose, as well as in terms of being able to handle even the most complex surveys.
An important part of our internal testing of the survey is to ensure the survey is programmed correctly. To help with this, we run a survey “simulation” which automatically inserts many cases of randomly generated data so we can see how the survey works along every possible path and for every possible response. Effectively, a simulation essentially runs imitation sample through the program to make it easier to review for correct skip logic and programming instructions. Leger also tested the survey manually to explore every path and response as well as to assess the usability and visual appeal of the survey.
Once the team was certain about the functionality of the survey using simulation and testing the programming, the surveys were pre-tested. Pre-test is a soft launch with a small portion of respondents. It allowed the collected data to be reviewed to ensure accuracy and to identify any programming aspects that should be modified. Pre- test were conducted in both official languages for both waves. For pre-campaign baseline survey, the pre-test was conducted on October 19, 2022, and completed 24 interviews in English and 11 interviews in French. For the post-campaign survey, Leger conducted pre-test on February 6, 2023.For this round, 28 English interviews and 9 French interviews were conducted.
After the pre-test results were checked and
found to have no concerns, the surveys were launched for the data collection
phase. The pre-campaign wave was
conducted with 2,000 respondents from the Canadian general population aged 18
years and older, between October 19 and October 27, 2022. The post-campaign
wave was conducted with 2,005 respondents from the Canadian general population
aged 18 years and older, between February 6 and 16, 2023. The survey
invitations as well as reminder invitations were sent to panel members during
the data collection period. Fieldwork was monitored and reviewed on an ongoing
basis to ensure target quotas were being met.
Since a sample drawn
from an Internet panel is not probabilistic in nature, the margin of error
cannot be calculated for this project. Respondents for the surveys were
selected from among those who have volunteered or registered to participate in
online surveys. The results of such surveys cannot be described as
statistically projectable to the target population. The data have been weighted
to reflect the demographic composition of the target population. Because the
sample is based on those who initially self-selected for participation, no
estimates of sampling error can be calculated.
Based on data from
Statistics Canada’s 2021 national census, Leger weighted the results of this
survey by age, gender, language, education and presence of children in the
household within each region of the country.
Overall Participation
rate for each wave was ~16%. The following table provides
detailed calculation of the Web
survey’s participation rate. The participation rate is calculated
using the following formula: Participation rate / response rate = R ÷ (U + IS +
R):
Table B.1 Participation Rate Calculation
|
Pre-Campaign
Wave |
Post-Campaign
Wave |
Invalid cases |
273 |
430 |
Invitations mistakenly sent to people who did not
qualify for the study |
207 |
269 |
Incomplete or missing email addresses |
66 |
161 |
Unresolved (U) |
11,459 |
12,375 |
Email invitations bounce back |
43 |
12 |
Email invitations unanswered |
11,416 |
12,363 |
In-scope non-responding units (IS) |
56 |
150 |
Non-response from eligible respondents |
- |
- |
Respondent refusals |
- |
- |
Language problem |
- |
- |
Selected respondent not available (illness; leave of
absence; vacation; other) |
- |
- |
Early breakoffs |
56 |
150 |
Responding units (R) |
2,208 |
2,304 |
Surveys disqualified – quota filled |
0 |
28 |
Completed surveys disqualified for other reasons |
208 |
271 |
Completed interviews |
2,000 |
2,005 |
POTENTIALLY
ELIGIBLE (U+IS+R) |
13,723 |
14,829 |
Participation rate= R/(U + IS + R) |
16.1% |
15.5% |
The participation rates were within the range of what is normally recorded for general population web surveys.
Once the data collection was completed, the data collected in each wave was processed, cleaned and tabulated.
A basic comparison of the unweighted and weighted sample sizes was
conducted to identify any potential non-response bias that could be introduced
by lower response rates among specific demographic subgroups (see tables
below).
The following tables provides the geographic distribution of
respondents, before and after weighting. The weighting adjusted for some minor
discrepancies so that each province has a representative importance in the
results.
Table B.2 Unweighted and Weighted Sample Distribution
by Province
Province |
Pre-campaign Unweighted |
Pre-campaign Weighted |
Post-campaign Unweighted |
Post-campaign Weighted |
156 |
135 |
146 |
135 |
|
Quebec |
427 |
462 |
470 |
463 |
Ontario |
781 |
774 |
778 |
776 |
Prairies |
138 |
129 |
131 |
129 |
Alberta |
222 |
223 |
220 |
22 |
British Columbia |
278 |
276 |
260 |
279 |
Total |
2000 |
2000 |
2005 |
2005 |
The following tables present the demographic distribution of
respondents, according to gender and age. The adjustments made by weighting are
minor, and in no way can we believe that the small differences observed in the
effective samples could have introduced a non-response bias for either of these
two sample subgroups.
Table B.3
Unweighted and Weighted Sample Distribution by Gender
Gender |
Pre-campaign Unweighted |
Pre-campaign Weighted |
Post-campaign Unweighted |
Post-campaign Weighted |
Male |
982 |
967 |
972 |
969 |
Female |
1009 |
1025 |
1024 |
1027 |
Total |
1991 |
1991 |
1996 |
1996 |
Note: Gender-diverse people and answer refusals make up the rest of the
sample.
Regarding age distribution, the weighting process has corrected some
discrepancies. The actual
distribution of the sample generally follows the distribution of age groups in
the actual population. In this case, it is unlikely that the observed
distributions introduce a non-response bias for a particular age group. Weighting
allowed the weights to be corrected without further manipulation.
Table B.4 Unweighted and Weighted Sample
Distribution by Age Group
Age |
Pre-campaign Unweighted |
Pre-campaign Weighted |
Post-campaign Unweighted |
Post-campaign Weighted |
Between 18 and 34 |
528 |
533 |
520 |
535 |
Between 35 and 55 |
710 |
644 |
709 |
645 |
55 and over |
762 |
823 |
776 |
825 |
Total |
2000 |
2000 |
2005 |
2005 |
There is no evidence from the data that having achieved a different age
or gender distribution prior to weighting would have significantly changed the
results for this study.
The following tables present the weighting factors applied to the
database according to the different respondent profiles.
Table B.5 Weight Factors
Labels |
Pre-Campaign Wave Weights |
Post-Campaign Wave
Weights |
BC/YK: M 18-24 |
0.981743 |
1.252615 |
BC/YK: M 25-34 |
1.307889 |
1.685776 |
BC/YK: M 35-44 |
0.931032 |
1.120032 |
BC/YK: M 45-54 |
0.768707 |
0.904652 |
BC/YK: M 55-64 |
1.003954 |
0.925947 |
BC/YK: M 65+ |
0.886411 |
1.103124 |
BC/YK: F 25-34 |
1.078668 |
1.081364 |
BC/YK: F 35-44 |
1.166388 |
0.866151 |
BC/YK: F 45-54 |
0.958487 |
1.098152 |
BC/YK: F 18-24 |
0.891959 |
0.971944 |
BC/YK: F 55-64 |
0.993747 |
1.037741 |
BC/YK: F 65+ |
1.305892 |
1.182464 |
AB/NT: M 18-24 |
2.022251 |
1.013653 |
AB/NT: M 25-34 |
1.006174 |
1.440984 |
AB/NT: M 35-44 |
1.356335 |
0.988892 |
AB/NT: M 45-54 |
1.015675 |
0.704918 |
AB/NT: M 55-64 |
0.85797 |
1.204161 |
AB/NT: M 65+ |
1.104758 |
0.687426 |
AB/NT: F 25-34 |
0.946351 |
1.264956 |
AB/NT: F 35-44 |
0.808591 |
1.12585 |
AB/NT: F 45-54 |
1.214652 |
1.565599 |
AB/NT: F 18-24 |
0.647713 |
0.95691 |
AB/NT: F 55-64 |
1.017958 |
1.080533 |
AB/NT: F 65+ |
1.023067 |
0.90255 |
SK/MB/NU: M 18-24 |
0.766866 |
3.843916 |
SK/MB/NU: M 25-34 |
1.601518 |
1.404831 |
SK/MB/NU: M 35-44 |
0.729588 |
1.097118 |
SK/MB/NU: M 45-54 |
0.737766 |
0.565585 |
SK/MB/NU: M 55-64 |
0.818278 |
0.820323 |
SK/MB/NU: M 65+ |
1.200597 |
0.945684 |
SK/MB/NU: F 25-34 |
1.00324 |
0.88003 |
SK/MB/NU: F 35-44 |
0.85142 |
0.739742 |
SK/MB/NU: F 45-54 |
0.739807 |
1.236094 |
SK/MB/NU: F 18-24 |
0.969539 |
0.809969 |
SK/MB/NU: F 55-64 |
0.727095 |
1.214855 |
SK/MB/NU: F 65+ |
1.72933 |
1.114491 |
ON: M 18-24 |
1.416909 |
1.253339 |
ON: M 25-34 |
1.005142 |
1.127207 |
ON: M 35-44 |
0.870027 |
0.986589 |
ON: M 45-54 |
0.829069 |
0.920649 |
ON: M 55-64 |
0.876445 |
0.969084 |
ON: M 65+ |
0.973166 |
1.065457 |
ON: F 25-34 |
1.194886 |
1.068374 |
ON: F 35-44 |
1.091407 |
1.042034 |
ON: F 45-54 |
0.981742 |
0.841747 |
ON: F 18-24 |
0.901335 |
0.763747 |
ON: F 55-64 |
0.857632 |
0.90444 |
ON: F 65+ |
1.27551 |
1.245912 |
QC: M 18-24 |
0.777226 |
0.808027 |
QC: M 25-34 |
0.719853 |
0.767715 |
QC: M 35-44 |
1.218712 |
0.923769 |
QC: M 45-54 |
0.781795 |
0.860213 |
QC: M 55-64 |
1.255476 |
1.258614 |
QC: M 65+ |
1.543673 |
1.17747 |
QC: F 25-34 |
0.992647 |
0.674119 |
QC: F 35-44 |
1.048194 |
0.811993 |
QC: F 45-54 |
1.221928 |
1.265816 |
QC: F 18-24 |
0.893529 |
1.027493 |
QC: F 55-64 |
1.055011 |
0.940132 |
QC: F 65+ |
1.602825 |
1.260261 |
ATL: M 18-24 |
2.160984 |
1.083193 |
ATL: M 25-34 |
0.931237 |
1.555942 |
ATL: M 35-44 |
0.930193 |
0.717322 |
ATL: M 45-54 |
0.740195 |
0.519432 |
ATL: M 55-64 |
0.903118 |
0.667119 |
ATL: M 65+ |
1.310882 |
1.138938 |
ATL: F 25-34 |
0.500608 |
1.204463 |
ATL: F 35-44 |
0.548639 |
0.850016 |
ATL: F 45-54 |
0.553193 |
0.587198 |
ATL: F 18-24 |
0.91673 |
1.002569 |
ATL: F 55-64 |
0.744122 |
1.118974 |
ATL: F 65+ |
1.315446 |
1.798275 |
Any survey that is conducted is potentially subject to bias or error.
When a survey is
conducted with a sample of the population, different types of biases or errors
can occur such as: sampling error, measurement errors, non-response bias,
processing error. While sampling error cannot be measured given that the
contact records utilized in the data collection process were derived from an
online panel, which is to say, a non-probability sample source. Having stated
that, measures were taken in the implementation of the data collection to
ensure sufficient completed surveys were obtained from demographic groups
traditionally regarded as central in quantitative survey research, such as
gender, age, region/province.
With respect to non-sampling error, several steps were taken to minimize
bias. All surveys utilized online interviewing technology to ensure proper
survey skip patterns were followed and to minimize errors due to data entry and
data capture. The French and English survey instruments from each campaign were
pre-tested with a small sample of respondents to ensure the survey material was
easily understood by respondents, and that the resultant data were being
captured properly. In terms of coverage, the surveys were conducted based on a
randomized sampling of panel records for the target audience drawn from an
online general population panel.
ADVERTISING CAMPAIGN EVALUATION TOOL
BASELINE AND POST-CAMPAIGN SURVEY
TEMPLATE
Baseline
sections should be asked before the ads have run in the media.
All sections
should be asked after the ads have run in the media.
INTRODUCTION [ASK IN
BASELINE AND POST-CAMPAIGN SURVEYS]
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you for taking a few minutes to complete this survey on current issues that
matter to Canadians. Si vous préférez répondre
à ce sondage en français, veuillez cliquer sur français [SWITCH TO FRENCH VERSION].
Your participation is voluntary
and your responses will be kept entirely confidential.
The survey takes about [BASELINE: 5 minutes / POST-CAMPAIGN: 7 minutes] to
complete.
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here if you wish to verify the authenticity of this
survey. To view our privacy policy, click here.
If you require any
technical assistance, please contact XXX.
a)
Does anyone in your household work for any of the
following organizations?
SELECT ALL THAT APPLY
o a marketing
research firm
o a magazine or
newspaper
o an advertising
agency or graphic design firm
o a political party
o a radio or
television station
o a public relations
company
o the federal or
provincial government
o none of these
organizations
IF “NONE OF
THESE ORGANIZATIONS” CONTINUE, OTHERWISE THANK AND TERMINATE.
b)
What is your gender?
o Male
o Female
o Other
o Prefer not to answer
c)
In what year were you born?
YYYY
ADMISSIBLE RANGE 1900-2004
IF > 2004, THANK
AND TERMINATE
ASK D IF
QUESTION C IS LEFT BLANK
d)
In which of the following age categories do you
belong?
SELECT ONE ONLY
IF “LESS THAN
18 YEARS OLD” OR “BLANK”, THANK AND TERMINATE
e)
In which province or territory do you live?
SELECT ONE ONLY
o Alberta
o British Columbia
o Manitoba
o New Brunswick
o Newfoundland and
Labrador
o Northwest
Territories
o Nova Scotia
o Nunavut
o Ontario
o Prince Edward
Island
o Quebec
o Saskatchewan
o Yukon
IF NO
PROVINCE OR TERRITORY IS SELECTED, THANK AND TERMINATE
f)
Which of the following best describes your housing
arrangement?
o
Own your home with a
mortgage
o
Own your home without
a mortgage
o
Rent your home
o
Neither own nor rent
your home
o
Don’t know
CORE QUESTIONS [ASK IN
BASELINE AND POST-CAMPAIGN SURVEYS]
ASK ALL
RESPONDENTS
Q1:
Over
the past three weeks, have you seen, read or heard any advertising from the
Government of Canada?
o yes
o no => GO TO T1A
Q3:
Think about the most recent Government of
Canada ad that comes to mind. What do you remember about this ad?
CAMPAIGN-SPECIFIC
QUESTIONS [ASK IN BASELINE AND POST-CAMPAIGN SURVEYS]
ASK ALL
RESPONDENTS
T1A:
Over
the past three weeks, have you seen, read or heard any Government of Canada
advertising about financial tips and tools to help Canadians manage their
money? [STATE TOPIC IN TWO OR THREE
WORDS BUT DO NOT DESCRIBE CAMPAIGN THEME]
o Yes
o No => GO TO T1D
T1B:
Where have you seen, read or heard this ad
about financial tips and tools to help Canadians manage their money?
[NOTE:
SELECT FROM LIST ALL MEDIA USED IN THE CAMPAIGN. YOU MAY ALSO INCLUDE OTHER
MEDIA OF YOUR CHOICE. HEADINGS ARE FOR GUIDANCE ONLY AND NOT TO BE USED IN THE
FINAL VERSION OF THE QUESTIONNAIRE]
SELECT ALL THAT APPLY
Online / digital |
|
Digital/Streaming TV (e.g. Netflix, Disney+) |
Snapchat |
Facebook |
Digital/Streaming radio (e.g. Spotify, Podcast) |
In a mobile app |
TikTok |
Instagram |
Twitch |
Internet website |
Twitter |
LinkedIn |
Video game |
Online news sites |
Web search (e.g. Google, Bing) |
Pinterest |
YouTube |
Mandatory option(s): |
|
Other, specify: |
|
T1C:
What do you remember about this ad?
ASK ALL
RESPONDENTS
CAMPAIGN
SPECIFIC ATTITUDINAL AND BEHAVIOURAL QUESTIONS MAY BE ADDED HERE
T1D:
T1Da. Have you heard anything about
Financial Literacy Month?
o Yes,
I have heard about it and I am familiar with the details
o Yes,
I have heard about it and I know some of the details
o Yes,
I have heard about it but I don’t know any of the details [SKIP TO T1Db]
o Not
sure [SKIP TO T1E]
T1Db. Where have you seen, read or
heard about Financial Literacy Month? Select all that apply. [ACCEPT MULTIPLE RESPONSES]
o
cinema
o
Internet website
o
magazines
o
newspaper (daily)
o
newspaper (weekly or community)
o
outdoor billboards
o
pamphlet or brochure in the mail
o
public transit (bus or subway)
o
radio
o
television
o
Twitter
o
YouTube
o
Facebook
o
Instagram
o
LinkedIn
o
Snapchat
o
Spotify
o
Other, specify ___________________
T1E: To the best of your knowledge, does the government of Canada have a department or agency that provides free financial tools and resources for Canadians?
o
Yes, I have heard about it and
I am familiar with the agency and/or department
o
Yes, I have heard about it and
I know some information about the agency and/or department
o
Yes, I have heard about it but
I don’t know the agency and/or department
o
No, I haven’t heard anything
about it 2
T1F: To the best of your
knowledge, does the government of Canada
have a department or agency dedicated to financial
education and consumer protection?
o Yes,
I have heard about it and I am familiar with the agency and/or department
o Yes,
I have heard about it and I know some information about the agency and/or
department
o Yes,
I have heard about it but I don’t know the agency and/or department
o No,
I haven’t heard anything about it 2
T1G: Have you heard of the
Financial Consumer Agency of Canada or FCAC?
o Yes,
I have heard about the FCAC and I am familiar with its mandate
o Yes,
I have heard about the FCAC and I know some information about its mandate
o Yes,
I have heard about the FCAC but I don’t know its mandate
o No,
I haven’t heard about them
T1H: Have you ever used
online financial management tools or resources?
o yes
o
no
T1I: Have you ever used financial management tools or resources offered by the
FCAC? [ONLY ASK IF YES TO T1G]
o yes
o
no
T1J: Would you ever use financial management
tools or resources offered by the FCAC? [ONLY
ASK IF YES TO T1G]
o yes
o no [SKIP TO T1Ja]
T1Ja: If no, why?
AD
RECALL QUESTIONS [ASK IN POST-CAMPAIGN SURVEY ONLY]
T1H:
Here
are some ads that have recently been broadcast on various media. Click here to
watch.
[INSERT
VIDEO, PRINT AND RADIO ADS]
[CLICK
TO GO TO THE NEXT PAGE]
Over the past three weeks, have you seen,
read or heard these ads?
o yes
o no => GO TO T1J
T1I:
Where have you seen, read or heard these
ads?
[NOTE:
SELECT FROM LIST ALL MEDIA USED IN THE CAMPAIGN. YOU MAY ALSO INCLUDE OTHER
MEDIA OF YOUR CHOICE. HEADINGS ARE FOR GUIDANCE ONLY AND NOT TO BE USED IN THE
FINAL VERSION OF THE QUESTIONNAIRE]
SELECT ALL THAT APPLY
Online / digital |
|
Digital/Streaming TV (e.g. Netflix, Disney+) |
Snapchat |
Facebook |
Digital/Streaming radio (e.g. Spotify, Podcast) |
In a mobile app |
TikTok |
Instagram |
Twitch |
Internet website |
Twitter |
LinkedIn |
Video game |
Online news sites |
Web search (e.g. Google, Bing) |
Pinterest |
YouTube |
Mandatory option(s): |
|
Other, specify: |
|
T1J:
What do you think is the main point these ads are trying
to get across?
T1K:
Please indicate your level of agreement
with the following statements about these ads?
RANDOMIZE STATEMENTS
|
1 Strongly Disagree |
2 |
3 |
4 |
5 Strongly Agree |
These ads
catch my attention |
o |
o |
o |
o |
o |
These ads are
relevant to me |
o |
o |
o |
o |
o |
These ads are
difficult to follow |
o |
o |
o |
o |
o |
These ads do
not favour one political party over another |
o |
o |
o |
o |
o |
These ads
talk about an important topic |
o |
o |
o |
o |
o |
These ads
provide new information |
o |
o |
o |
o |
o |
These ads
clearly convey that the Government of Canada had [INSERT CAMPAIGN TOPIC AREA] |
o |
o |
o |
o |
o |
DEMOGRAPHIC QUESTIONS [ASK
IN BASELINE AND POST-CAMPAIGN SURVEYS]
D1:
Which
of the following categories best describes your current employment status? Are
you…
SELECT ONE ONLY
o working full-time (30 or more hours per week)
o working part-time (less than 30 hours per week)
o self-employed
o unemployed, but looking for work
o a student attending school full-time
o retired
o not in the workforce (Full-time homemaker or unemployed but not looking for work)
o other employment status
D2:
What is
the highest level of formal education that you have completed?
SELECT
ONE ONLY
o grade 8 or less
o some high school
o high school diploma or
equivalent
o registered Apprenticeship or
other trades certificate or diploma
o college, CEGEP or other
non-university certificate or diploma
o university certificate or
diploma below bachelor's level
o bachelor's degree
o postgraduate degree above
bachelor's level
D3:
Are there any
children under the age of 18 currently living in your household?
o yes
o no
D4:
Which of the following categories best describes your total annual household
income, including income from all household members, before taxes are deducted?
SELECT
ONE ONLY
o under $20,000
o between $20,000 and $40,000
o between $40,000 and $60,000
o between $60,000 and $80,000
o between $80,000 and $100,000
o between $100,000 and $150,000
o between $150,000 and $200,000
o $200,000 and above
o prefer not to say
D5:
Where were you
born?
o born in Canada
o born outside Canada
Ê Specify the country:
ASK IF
D5=BORN OUTSIDE CANADA
D6:
In what year did
you first move to Canada?
YYYY
ADMISSIBLE RANGE: 1900-2022
D7:
What is the
language you first learned at home as a child and still understand?
SELECT
UP TO TWO
o English
o French
o Other language,
specify ___________________
That concludes the survey. This survey was conducted on behalf of the Financial Consumer Agency of Canada. In the coming months the report will be available from Library and Archives Canada. We thank you very much for taking the time to answer this survey, it is greatly appreciated.
ADVERTISING
CAMPAIGN EVALUATION TOOL
BASELINE AND POST-CAMPAIGN SURVEY
TEMPLATE
Baseline
sections should be asked before the ads have run in the media.
All sections
should be asked after the ads have run in the media.
INTRODUCTION [ASK IN
BASELINE AND POST-CAMPAIGN SURVEYS]
Thank
you for taking a few minutes to complete this survey on current issues that
matter to Canadians. Si vous préférez répondre
à ce sondage en français, veuillez cliquer sur français [SWITCH TO FRENCH VERSION].
Your participation is voluntary
and your responses will be kept entirely confidential.
The survey takes about [BASELINE: 7 minutes / POST-CAMPAIGN: 10 minutes] to
complete.
START SURVEY
Click
here if you wish to verify the authenticity of this
survey. To view our privacy policy, click here.
If you require any
technical assistance, please contact XXX.
g)
Does anyone in your household work for any of the
following organizations?
SELECT ALL THAT APPLY
o a marketing research
firm
o a magazine or
newspaper
o an advertising
agency or graphic design firm
o a political party
o a radio or
television station
o a public relations
company
o the federal or
provincial government
o none of these
organizations
IF “NONE OF
THESE ORGANIZATIONS” CONTINUE, OTHERWISE THANK AND TERMINATE.
h)
What is your gender?
o Male
o Female
o Other
o Prefer not to answer
i)
In what year were you born?
YYYY
ADMISSIBLE RANGE 1900-2005
IF > 2005, THANK
AND TERMINATE
ASK D IF
QUESTION C IS LEFT BLANK
j)
In which of the following age categories do you
belong?
SELECT ONE ONLY
IF “LESS THAN
18 YEARS OLD” OR “BLANK”, THANK AND TERMINATE
k)
In which province or territory do you live?
SELECT ONE ONLY
o Alberta
o British Columbia
o Manitoba
o New Brunswick
o Newfoundland and
Labrador
o Northwest
Territories
o Nova Scotia
o Nunavut
o Ontario
o Prince Edward
Island
o Quebec
o Saskatchewan
o Yukon
o Prefer not to say
IF NO
PROVINCE OR TERRITORY IS SELECTED, THANK AND TERMINATE
l)
Which of the following best describes your housing
arrangement?
o
Own your home with a
mortgage
o
Own your home without
a mortgage
o
Rent your home
o
Neither own nor rent
your home
o
Don’t know
CORE QUESTIONS [ASK IN
BASELINE AND POST-CAMPAIGN SURVEYS]
ASK ALL
RESPONDENTS
Q1:
Over
the past three weeks, have you seen, read or heard any advertising from the
Government of Canada?
o yes
o no => GO TO T1A
Q3:
Think about the most recent Government of
Canada ad that comes to mind. What do you remember about this ad?
CAMPAIGN-SPECIFIC
QUESTIONS [ASK IN BASELINE AND POST-CAMPAIGN SURVEYS]
ASK ALL
RESPONDENTS
T1A:
Over
the past three weeks, have you seen, read or heard any Government of Canada
advertising about financial tips and tools to help Canadians manage their money?
[STATE TOPIC IN TWO OR THREE WORDS BUT
DO NOT DESCRIBE CAMPAIGN THEME]
o Yes
o No => GO TO T1D
T1B:
Where have you seen, read or heard this ad
about financial tips and tools to help Canadians manage their money?
[NOTE:
SELECT FROM LIST ALL MEDIA USED IN THE CAMPAIGN. YOU MAY ALSO INCLUDE OTHER
MEDIA OF YOUR CHOICE. HEADINGS ARE FOR GUIDANCE ONLY AND NOT TO BE USED IN THE
FINAL VERSION OF THE QUESTIONNAIRE]
SELECT ALL THAT APPLY
Online / digital |
|
Digital/Streaming TV (e.g. Netflix, Disney+) |
Snapchat |
Facebook |
Digital/Streaming radio (e.g. Spotify, Podcast) |
In a mobile app |
TikTok |
Instagram |
Twitch |
Internet website |
Twitter |
LinkedIn |
Video game |
Online news sites |
Web search (e.g. Google, Bing) |
Pinterest |
YouTube |
Mandatory option(s): |
|
Other, specify: |
|
T1C:
What do you remember about this ad?
ASK ALL RESPONDENTS
CAMPAIGN
SPECIFIC ATTITUDINAL AND BEHAVIOURAL QUESTIONS MAY BE ADDED HERE
T1D:
T1Da.
Have you heard anything about Financial Literacy Month?
o Yes,
I have heard about it and I am familiar with the details
o Yes,
I have heard about it and I know some of the details
o Yes,
I have heard about it but I don’t know any of the details [SKIP TO T1Db]
o Not
sure [SKIP TO T1E]
T1Db. Where
have you seen, read or heard about Financial Literacy Month? Select all that
apply. [ACCEPT MULTIPLE RESPONSES]
o Internet
website
o conference
o cinema
o magazines
o newspaper (daily)
o newspaper (weekly or community)
o outdoor billboards
o pamphlet or brochure in the mail
o public transit (bus or subway)
o radio
o television
o Twitter
o YouTube
o Facebook
o Instagram
o LinkedIn
o Snapchat
o Spotify
o
Other, specify ___________________
T1E: To the best of your knowledge, does the government of Canada have a department or agency that provides free financial tools and resources for Canadians?
o Yes,
I have heard about it and I am familiar with the agency and/or department
o Yes,
I have heard about it and I know some information about the agency and/or
department
o Yes,
I have heard about it but I don’t know the agency and/or department
o No,
I haven’t heard anything about it 2
T1F: To the best of your
knowledge, does the government of Canada
have a department or agency dedicated to financial
education and consumer protection?
o Yes,
I have heard about it and I am familiar with the agency and/or department
o Yes,
I have heard about it and I know some information about the agency and/or
department
o Yes,
I have heard about it but I don’t know the agency and/or department
o No,
I haven’t heard anything about it 2
T1G: Have you heard of the Financial Consumer Agency
of Canada or FCAC?
o Yes,
I have heard about the FCAC and I am familiar with its mandate
o Yes,
I have heard about the FCAC and I know some information about its mandate
o Yes,
I have heard about the FCAC but I don’t know its mandate
o No,
I haven’t heard about them
T1H: Have you ever used any online
financial management tools or resources?
o yes
o
no
T1I: Have you ever used financial management tools or resources offered by the
FCAC? [ONLY ASK IF YES TO T1G]
o yes
o
no
T1J: Would you ever use financial management
tools or resources offered by the FCAC? [ONLY
ASK IF YES TO T1G AND NO TO T1I]
o yes
o no [SKIP TO T1Ja]
T1Ja: If no, why?
AD
RECALL QUESTIONS [ASK IN POST-CAMPAIGN SURVEY ONLY]
T1H:
Here
are some ads that have recently been broadcast on various media. Click here to
watch.
|
|
Over the past three
weeks, have you seen, read or heard any of these ads?
o yes
o no => GO TO T1J
T1I:
Where have you seen, read or heard these ads?
[NOTE:
SELECT FROM LIST ALL MEDIA USED IN THE CAMPAIGN. YOU MAY ALSO INCLUDE OTHER
MEDIA OF YOUR CHOICE. HEADINGS ARE FOR GUIDANCE ONLY AND NOT TO BE USED IN THE
FINAL VERSION OF THE QUESTIONNAIRE]
SELECT ALL THAT APPLY
Online / digital |
|
Facebook |
Snapchat |
Instagram |
Pinterest |
Internet website |
YouTube |
Online news sites |
Web search (e.g. Google, Bing) |
|
|
Other, specify: |
|
|
|
|
|
T1J:
What do you think is the main point these ads are trying
to get across?
T1K:
Please indicate your level of agreement
with the following statements about these ads?
RANDOMIZE STATEMENTS
|
1 Strongly Disagree |
2 |
3 |
4 |
5 Strongly Agree |
These ads catch
my attention |
o |
o |
o |
o |
o |
These ads are
relevant to me |
o |
o |
o |
o |
o |
These ads are
difficult to follow |
o |
o |
o |
o |
o |
These ads do
not favour one political party over another |
o |
o |
o |
o |
o |
These ads
talk about an important topic |
o |
o |
o |
o |
o |
These ads provide
new information |
o |
o |
o |
o |
o |
These ads
clearly convey that the Government of Canada has financial tips and tools to
help Canadians manage their money |
o |
o |
o |
o |
o |
DEMOGRAPHIC QUESTIONS [ASK
IN BASELINE AND POST-CAMPAIGN SURVEYS]
D1:
Which
of the following categories best describes your current employment status? Are
you…
SELECT ONE ONLY
o working full-time (30 or more hours per week)
o working part-time (less than 30 hours per week)
o self-employed
o unemployed, but looking for work
o a student attending school full-time
o retired
o not in the workforce (Full-time homemaker or unemployed but not looking for work)
o other employment status
D2:
What is
the highest level of formal education that you have completed?
SELECT
ONE ONLY
o grade 8 or less
o some high school
o high school diploma or
equivalent
o registered Apprenticeship or
other trades certificate or diploma
o college, CEGEP or other
non-university certificate or diploma
o university certificate or
diploma below bachelor's level
o bachelor's degree
o postgraduate degree above
bachelor's level
D3:
Are there any
children under the age of 18 currently living in your household?
o yes
o no
D4:
Which of the following categories best describes your total annual household
income, including income from all household members, before taxes are deducted?
SELECT
ONE ONLY
o under $20,000
o between $20,000 and $40,000
o between $40,000 and $60,000
o between $60,000 and $80,000
o between $80,000 and $100,000
o between $100,000 and $150,000
o between $150,000 and $200,000
o $200,000 and above
o prefer not to say
D5:
Where were you
born?
o born in Canada
o born outside Canada
Ê Specify the country:
ASK IF
D5=BORN OUTSIDE CANADA
D6:
In what year did
you first move to Canada?
YYYY
ADMISSIBLE RANGE: 1900-2023
D7:
What is the
language you first learned at home as a child and still understand?
SELECT
UP TO TWO
o English
o French
o Other language,
specify ___________________
That concludes the survey. This survey was conducted on behalf of the Financial Consumer Agency of Canada. In the coming months the report will be available from Library and Archives Canada. We thank you very much for taking the time to answer this survey, it is greatly appreciated.
[1] Financial Consumer Agency of Canada’s Monthly Monitor on COVID-19 and the Financial Well-Being of Canadians, 2022
[2] Statistics
Canada, Consumer Price Index, July 2022: The
Daily — Consumer Price Index, July 2022 (statcan.gc.ca)
[3] CBC News, June 13, 2022: Debt-to-disposable-income ratio eases down from record 185% | CBC News
[4] Bank of Canada, June 2022: Financial System Review—2022 - Bank of Canada
[5] Financial Consumer Agency of Canada’s Monthly Monitor on COVID-19 and the Financial Well-Being of Canadians, 2022