News and Articles
Index shows only 24% of Canadians are Financially Resilient. 76% of Canadians have financial vulnerability and financial stress levels remain high
Source: Financial Resilience Institute Press Release October 10, 2023 Interest rates remain high with upside risk and only 18% of variable rate mortgage holders can weather the storm. TORONTO, Oct. 10, 2023 /CNW/ - Financial Resilience Institute, the leading...
Two-thirds of Canadians choose the word ‘saver’ to describe their main money personality
Rob Carrick – Globe and Mail October 24, 2023 If you were to pick a dominant theme in Canadian personal finance, you could do a lot worse than debt. We’re among the world’s leaders in taking on debt to buy houses and other stuff. We might be better at it than...
Financial Resilience Institute report highlights the role of professional financial planning as a pathway to improving financial resilience
Source: Yahoo!finance July 18, 2023 Financial Resilience Index model data shows higher financial resilience scores among households working with financial planners TORONTO, July 18, 2023 /CNW/ - A new study by Financial Resilience Institute, a non-profit...
How much Canadians have fallen behind amid high inflation and who’s hurting the most
Source: Bloomberg February 8, 2023 Inflation has eroded purchasing power for many Canadians, but the experience with rapidly rising prices has been far from uniform. While the inflation rate shows how quickly prices are rising, other factors like income and...
New study shows 73% of lower-income Canadians now ‘financially vulnerable’ or ‘extremely vulnerable’
Source: Prosper Canada, Newswire.ca Nov 14, 2022 TORONTO, Nov. 14, 2022 /CNW/ - A new study conducted by the non-profit Financial Resilience Institute and commissioned by charity Prosper Canada shows that 49 per cent of Canadian households overall are...
Uh, Mr. Poilievre? Canada Pension Plan premiums are not a tax
Uh, Mr. Poilievre? Canada Pension Plan premiums are not a tax. Source: Rob Carrick, Globe and Mail September 27, 2022 It’s a little insensitive, but necessary, to raise the issue of retirement saving at a time when many households are struggling to pay for...