Majority of parents worry about their kid's financial future: Survey

Canadian parents are increasingly worried about their children’s financial future, a new survey has found.

Results from a TD Bank Group survey released Wednesday found that 58 per cent of Canadian parents say they often feel distressed about their child’s financial future.

Another 89 per cent of survey respondents said they would feel better if their child had better financial knowledge before becoming a teenager.

"Our survey shows that 70 per cent of Canadian parents don't feel very prepared to support their kids' financial literacy at home," Emily Ross, vice president of Everyday Advice Journey at TD, said in a news release Wednesday.