Absolutely, Mr. Speaker, that has definitely been the experience in my riding.
Most statisticians would say that there is a relationship between the level of education, poverty and literacy, so we are talking about compounding situations. If our literacy AND education is low, it is perhaps more difficult to understand the financial system.
My hon. colleague is completely right that statistics are worrying. We are talking about 30% of families that lack any retirement savings. The average Canadian household debt is 150% of income and Canadians' debt load has increased by 25%. We know that a lot of those Canadians are either working poor or poor. It is truly unfortunate. We would hope that we would have a more compassionate government that would address this issue.