Low-Income Canadians Reports
January 2024
Financial Resilience Institute works to improve financial resilience and financial well-being for all Canadians, and in particular those who are more financially vulnerable or underserved. We bring evidence-based research and analytics to support more targeted support and develop solutions for those most in need, including Canadians living with low incomes.
Since 2021, we’ve been providing Canada’s ecosystem and financial empowerment sector with deep-dive trended reports on the financial vulnerability and challenges of low-income Canadians specifically. Commissioned by Prosper Canada and thanks to the generosity of our funders these reports help shine a light on the need for continued support at the federal and provincial level and for the financial empowerment sector specifically.
Deep Dive Reports on Canadians with Low Incomes
Financial Vulnerability Challenges for Low-Income Canadians – 2024
Our latest Intelligence Memo provides updated data on challenges facing Canadians with low incomes. Data is based on the June 2023 Financial Well-Being study and the Institute’s peer-reviewed Seymour Financial Resilience Index ® levered as a community asset for good. Drawing from a robust sample of 5736 adult Canadians, including 1592 low-income Canadians, this memo builds on analytics in the 2021 and 2022 reports.
Low-Income Canadians are defined as adult Canadians living in households with incomes under $25,000 and households of more than one individual with household incomes under $50,000 i.e. excluding single person households with a household income between $25,000 and $50,000.
These reports complement other reports published by our non-profit organization as we work to help tackle the problem of financial vulnerability. In this way, our hope is that more people and communities can prosper and thrive.
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Our non-profit organization leads impactful research and programs thanks to the generous support of our granting funders and supporters. Please contact us to learn more and explore opportunities for new programs or partnerships.
