States are becoming increasingly worried about financial education as it has become more and more complex to gain fluency in financial issues. This is the case in both Canada and Québec, where financial education has been a constant concern since the mid-2000s. The recent adoption in Canada of the National Strategy for Financial Literacy bears witness to this. Despite virtually unanimous consensus surrounding financial literacy, in both political and academic circles, there are serious questions about its efficiency, in particular when seniors are the target audience. Do current financial literacy recommendations meet the needs of these people in an adequate manner? Does this choice of legislative policy provide sufficient protection for vulnerable seniors and can it counter the financial abuse of which they may be the targets? Should we endorse the weight placed on strengthening the ability to make informed financial decisions?