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Initiative Details Free independent ecosystem reports

The Financial Resilience Institute engages in regular data collection, analytics and publishing of free independent ecosystem reports on the financial resilience, financial health and financial well-being of Canadians and more financially vulnerable populations, plus Canadians’ financial inclusion and access-to-help challenges. This includes measurement and tracking of household financial resilience through the Institute’s peer reviewed Seymour Financial Resilience Index® and Financial Well-Being studies instruments.

Initiative type

  • Survey

Demographics collected

  • Age
  • Ethno-cultural group
  • Financially responsible for dependent
  • Gender
  • Household income
  • Marital status
  • Physical or mental disability
  • Province/territory of residence
  • Status or non-status indigenous person
  • Work situation

Target population

  • General public
  • Indigenous peoples
  • Newcomers
  • Persons with disabilities
  • Persons with low income
  • The unemployed/underemployed
  • Women
  • Young adults

Adopter

Link

Related priorities

This initiative relates to the following National Financial Literacy Strategy priorities and target outcomes: 

Priority 2

Build and provide for diverse needs

  • Target outcome 2.1

Priority 3

Support increased digital access and digital literacy

  • Target outcome 3.3

Priority 4

Enhance access to trustworthy and affordable financial help

  • Target outcome 4.1
  • Target outcome 4.2
Related headlines
Headline

Digital banking is a challenge for many.

The financial marketplace is increasingly digital. Consumers with limited digital access or digital literacy risk being excluded. Overcoming these challenges is crucial to ensuring that all Canadians can benefit from digital banking.

The analysis is based on research and the findings supplied by the adopters of the National Financial Literacy Strategy Measurement Plan. The related findings can be found at the bottom of this page.

Source: Canadian Internet Use Survey, Free independent ecosystem reports
Related findings
Finding

43% of Canadians considered their primary financial institution helpful to their financial wellness.

Initiative: Free independent ecosystem reports

Adopter: Financial Resilience Institute
Finding

8% of Canadians reported that they could not get the financial support or advice they needed.

Initiative: Free independent ecosystem reports

Adopter: Financial Resilience Institute
Finding

About 5% of Canadians reported that they could not access insurance.

Initiative: Free independent ecosystem reports

Adopter: Financial Resilience Institute
Finding

In 2023, about 5% of Canadians reported that they could not access digital financial tools or resources.

Initiative: Free independent ecosystem reports

Adopter: Financial Resilience Institute
Finding

More than 10% of Canadians reported that they could not access trustworthy and unbiased financial advice.

Initiative: Free independent ecosystem reports

Adopter: Financial Resilience Institute
Finding

Nearly 11% of Canadians reported that they could not access affordable credit.

Initiative: Free independent ecosystem reports

Adopter: Financial Resilience Institute
Related measures
Use the Opens in new tabMeasures Library to search for Strategy-Aligned Measures (SAMs) that help stakeholders in the financial ecosystem track progress toward achieving the National Strategy’s target outcomes.

The Financial Consumer Agency of Canada does not endorse, directly or indirectly, any adopters of the Measurement Plan, nor does it make any representations or warranties, express or implied, concerning the adopters' products or services or their fitness for a particular purpose.

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