A Closer Look at Canadians' Attitudes Toward Risk
When it comes to making decisions that involve taking risks, Canadians are a diverse bunch.
We will shed light on the different factors that can influence Canadians' propensity for risk-taking behavior, from age and gender to income and education level.
AGE
AGE
A significant difference in risk-taking between younger and older Canadians, with the former considering themselves more risk-prone. A 28 percentage point gap separates the groups, due to younger individuals engaging in riskier ventures like business startups or new relationships.
GENDER
GENDER
The trend shows that men are more likely than women to consider themselves risk-takers, with a gap of 28 percentage points. This could reflect societal expectations around gender roles. With men traditionally being encouraged to take more risks and women being encouraged to be more cautious.
INCOME
INCOME
Canadians with higher incomes per year are more likely to consider themselves risk-takers. This could reflect that those with higher incomes have more resources to fall back on if a risk doesn't pay off. Or it could reflect the fact that people with higher incomes may be more probable to be in professions that require risk-taking behavior.
Education
Education
Canadians with a bachelor's degree or higher are more prone to consider themselves risk-takers than those with a high school diploma or less. This could reflect that those with higher levels of education may be more likely to have a growth mindset and be willing to take risks to learn and grow.
Urbanicity
Urbanicity
While urban Canadians are more likely to consider themselves risk-takers than those in suburban or rural areas, the difference is only 16 percentage points. This suggests that the factors that influence risk-taking behavior are more closely tied to individual characteristics. Such as age, gender, income, and education level, rather than regional or geographic factors.
