Articles
Is Canada Bridging the Financial Inclusion Gap? Here’s What the Latest Data Shows
December 24, 2024 – Canada is making notable progress in financial inclusion with improvements in access to financial inclusion and access-to-financial help gaps closing for Canadians overall between June 2023 and June 2024. However gaps remain, particularly for more financially vulnerable households who continue to face barriers to accessing essential financial help. Financial inclusion is an enabler of improved financial resilience and financial well-being, with new sample data published by the Institute on this topic.
Financial Resilience Gender Gap Narrows in Canada but Barriers Persist
The financial resilience gender gap is closing. New findings from the October 2024 Seymour Financial Resilience Index® reveal the gap has narrowed significantly – with the difference between the mean financial resilience scores of men and women decreasing from 12% in February 2020 to just 4% in October 2024.