Topic: Financial well-being
Location: Australia, Canada
Content Type: Research
Publication Date: March 15, 2022
Improving people’s financial circumstances has never been more critical. Disadvantaged population groups have experienced even higher levels of financial strain and poor financial wellbeing during the pandemic. This has negatively impacted their physical and mental health.
To support efforts to build back better and fairer communities in the wake of COVID-19, the Centre for Healthy Communities led an international collaborative, participatory, multi-method project to develop resources to support action on financial strain and financial wellbeing. These resources were designed for practitioners and decision-makers working in organizations and governments in a wide variety of sectors and jurisdictions.
This project resulted in an action-oriented Public Health Framework on Financial Wellbeing and Financial Strain and a companion Guidebook of Strategies and Indicators.
These resources are meant to support organizations and governments acting on any area related to financial strain and financial wellbeing, such as education, employment, or social safety net, to name a few. The Framework, which draws on health equity and health-in-all-policy principles, presents 17 evidence-informed high-impact areas for governments and organizations to intervene. The Guidebook offers evidence-informed targets and strategies for initiatives, as well as sample indicators for monitoring and assessment for each of those 17 entry points for action.