WINNIPEG, Dec. 22, 2011 /CNW/ - Canadians want to pile up the money in
2012 and are less worried about piling on the pounds, a new poll from
Investors Group reveals. When asked to choose between those
alternatives for a New Year's resolution, 63 per cent of respondents
said saving money was more important than losing weight (27 per cent).
Resolve to change? Not so much
Most Canadians say they don't bother with New Year's resolutions (72 per
cent) and those who do make them, say they have trouble keeping them.
The Investors Group poll reveals only 13 per cent say they stick to
their annual resolutions while 14 per cent say they are never able keep
"While most Canadians don't make concrete resolutions on an annual
basis, the turn of a new year is the perfect time to reflect on changes
you would like to make on everything from money, to personal life to
aspects of your career," said Jack Courtney, Assistant Vice-President,
Advanced Financial Planning, of Investors Group. "New Year's resolution
has a nice ring to it, but the important consideration is what changes
are reasonable and which will have the greatest positive impact if
Making time more important than making money
Of the resolutions that people do make, high on the list were spending
more quality time with family and friends (66 per cent), getting more
enjoyment out of life (65 per cent) and getting into shape (59 per
Paying down debt and investing money fell further down Canadians' wish
list for change (46 per cent and 32 per cent respectively).
Women, more so than men, are committed to making changes with almost one
third (31 per cent) making resolutions regularly, compared with less
than a quarter of men (23 per cent).
"While Canadians may consider money matters and personal time two
separate issues, the two actually go hand-in-hand," said Courtney.
"Having a financial plan and making the right financial choices will
translate into the free time and leisure that Canadians want later in
Lessons from the past
In looking back at 2011, the majority of respondents said the best
decision they made had to do with their personal life (57 per cent). A
decision about work was rated best by 22 per cent of respondents and 13
per cent cited a money decision as their best of 2011.
When asked about their worst decision made over the past year, 34 per
cent said it had to do with money. A decision in their personal life
was viewed as worst by 26 percent while 20 per cent said a work-related
decision was a 2011 low point.
"A retrospective look at the past year is a common undertaking at this
time of year," Courtney said. "And it can be quite valuable if we are
prepared to learn from past mistakes and focus on making improvements
in the coming year."
About the Survey Methodology
This data was gathered through teleVox, Harris/Decima's national
telephone omnibus survey. The data were gathered between December 1
and December 4, 2011 for 1,000 completed interviews. A sample of the
same size has a margin of error of 3.1%, 19 times out of 20.
About Investors Group
Investors Group, founded in 1926, is a national leader in delivering
personalized financial solutions to Canadians through a network of
approximately 4,600 Consultants located throughout Canada. In addition
to an exclusive family of mutual funds and other investment vehicles,
Investors Group offers a wide range of insurance, securities, mortgage
and other financial services. Investors Group is a member of the IGM
Financial Inc. (TSX: IGM) group of companies. IGM Financial is one of
Canada's premier financial services companies with over $120 billion as
of November 30, 2011 in total assets under management.
SOURCE Investors Group Inc.
For further information:
Teresa Pagnutti or Lisa Mills
For more media information, please see: Investors Group's Media Room, follow @Investors_Group on Twitter or connect on Facebook.