The goal of this report is to share new insights from behavioural science with financial
empowerment practitioners so they can integrate behavioural approaches into their work and strengthen the design and delivery of financial empowerment supports for Canadians with low incomes. In this report, we introduce the field of behavioural science, discuss key insights it has generated, explore behavioural “nudges” and other interventions that can be used to strengthen financial empowerment programs and services, discuss how practitioners can take a behavioural lens to their work, and provide illustrative case studies and resources for further learning. This report is not a comprehensive review of the literature on behavioural science, but offers what we hope will be a practical and useful introduction to behavioural thinking and the ways it can be used to strengthen financial empowerment supports for Canadians with low incomes.
The link between financial confidence and financial outcomes among working-aged Canadians