February 6, 2025 – A new report from Financial Resilience Institute reveals that nearly half (47%) of Canadian households feel they lack sufficient insurance coverage to protect against unexpected events, despite a clear correlation between reported adequate insurance and improved household financial resilience, across every income demographic. The study also reveals an increase in Canadians unable to access help understanding the financial implications of extreme weather, rising from 3% in February 2023 to 7.6% in June 2024.

The Institute’s October 2024 Seymour Financial Resilience Index ® reveals a Canada Mean Financial Resilience Score of 52.23, 1.45 Index points higher than in October 2023, with three quarters (75%) of the population financially vulnerable on some level.

Financial Resilience Institute levers its Financial Resilience Index model as a community asset for good and publishes its latest Intelligence Memo to highlight how Canadian households impacted by economic inclusion barriers and income volatility are more financially vulnerable: and need more targeted support by Policymakers and others.

The free tool empowers Canadians to assess their financial resilience and how they compare to peers, and access independent resources to build a more secure future. People from around the world can also check their score anytime, anywhere.

Index reveals critical financial vulnerability among low-income Canadians, calls for targeted support.

Financial Resilience Institute, the leading authority on financial resilience and well-being in Canada, announces results from its ninth Seymour Financial Resilience Index ® release.

Financial Resilience Institute, the leading authority on financial resilience and well-being in Canada, announces results from its eighth Seymour Financial Resilience Index ® release.

Financial Resilience Institute, the leading authority on financial resilience and well-being in Canada, indicates that Canadians who work with financial planners have higher levels of financial resilience than those who don’t.

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 ‘extremely vulnerable’ or ‘financially vulnerable’.