Canadians’ Financial Health
The Financial Health Index study, in its third year, is Canada’s most robust, independent investigation into consumer financial health, resilience and wellness: and the role financial institutions can play to improve the financial lives of Canadians.
First launched in 2017, the national longitudinal Financial Health Index [“FHI”] studies in 2017 and 2018 were developed based on the best-of-the best financial health, resilience and wellness studies around the world.
Our first study has really helped to shine a light on the financial stress of Canadians as a mainsteam issue, and the need for improved cross-sector collaboration and (financial services innovation specifically) to support Canadians, given that financial stress is one of our country’s top social problems.
The independent longitudinal studies have a sample size of 5000 adult Canadians across all provinces excluding Quebec. The 2019 FHI Study has a sample size of 3000 adults, with data weighted to be representative for the population.
With now three-years of data insights, this provides a call to action to our Canadian financial and wider ecosystem, including financial providers, insurance companies, Government, Employers, non-profits and others to do more to support the financial health and resilience of Canadians, and their overall personal well-being.
Framing Financial Health Gender Gap Report: created with Vancity (2018)
Financial Health Index
Based on our holistic framework and three years of data, we’ll soon be launching our Financial Health Index: stay tuned.