The mastering money podcast
Brought to you from CPA Canada, this financial literacy podcast talks about key issues, trends and tips as they relate to financial education. Season 7 of the Mastering Money podcast takes a deep dive into debt and the way it affects Canadians. Season 6 of the Mastering Money podcast will help prepare you for retirement and give you the tools to get there, no matter your age. Season 5 of the Mastering Money podcast unpacks the hard financial conversations you need to be having with your kids, partners, financial planners and more. Season 4 of the Mastering Money podcast explores the role money plays in the lives of women from all walks of life, now and in the future. Season 3 of the Mastering Money podcast looks at the difficult financial decisions Canadians are making during the ongoing COVID-19 pandemic. Season 2 of the podcast takes listeners on a journey across various financial literacy hot topics and trends. These include how to fit financial literacy into existing programs, the financial health of future generations as well what it takes to take the plunge and start your own business. In this introductory season of the podcast, hear from financial educators on topics such as behavioral economics, the emotions of money, financial wellness, and more.
Women living in subsidized housing in Canada
Using data primarily from the 2021 Canadian Housing Survey, this study applies a gender lens to examine the characteristics of Canadians living in subsidized housing. It examines the experiences of renters in subsidized housing and their satisfaction with their dwelling and neighbourhood, drawing comparisons with their counterparts living in non-subsidized rental housing.
Economic abuse screening tool (a toolkit for social service providers)
Women’s shelters are often the first point of contact for victim-survivors fleeing abusive relationships. Therefore, safety and shelter are logically at the forefront of staff members’ immediate concerns. Once the victim-survivor is in a place of safety, it is crucial to explore the patterns of abuse the person has experienced. Economic security is an often overlooked pattern of abuse linked to physical safety. It is, therefore, crucial and the goal of this screening tool for shelter workers to identify potential Economic and Financial Abuse amongst their clients and to assist victim-survivors in accessing essential economic resources. Watch the webinar: Recognizing and responding to economic abuse; empowering survivors to thrive and succeed.
Consumer Vulnerability: Evidence from the Monthly COVID-19 Financial Well-being Survey
The Financial Consumer Agency of Canada’s (FCAC) COVID-19 Financial Well-being Survey, which began in August 2020, is a nationally representative hybrid online-phone survey fielded monthly, with approximately 1,000 respondents per month. The survey collects information on Canadians’ day-to-day financial management and financial well-being. As of September 2022, the survey results show that over the past several months, financial hardships have increased for many Canadians due to the rapidly evolving economic environment. While financial vulnerability can affect anyone regardless of income, background or education, hardships have increased more for those living on a low income, Indigenous peoples, recent immigrants, and women, due to the disproportionate financial impact of the pandemic on these groups (households with low income, Indigenous people, new immigrants, and women.) This brief report provides an overview of survey results collected between August 2020 and September 2022. In publishing this report, FCAC’s goal is to provide insight into the financial well-being of Canadians, to identify which groups are experiencing greater vulnerabilities and hardships, and to inform and target our collective response as financial ecosystem stakeholders.
Rising prices and the impact on the most financially vulnerable: A profile of those in the bottom family income quintile
This study uses the 2022 Portrait of Canadian Society Survey to examine the impact of rising inflation on the lowest income Canadians. Using multiple pre-pandemic data sources, the study takes a closer look at people living in the bottom family income quintile, examining their family income, debt and assets levels, as well as some indicators of economic hardship.
Financial literacy around the world: insights from the S&P’s rating services global financial literacy survey
The Standard & Poor's Ratings Services Global Financial Literacy Survey is the world’s largest, most comprehensive global measurement of financial literacy. It probes knowledge of four basic financial concepts: risk diversification, inflation, numeracy, and interest compounding. The survey is based on interviews with more than 150,000 adults in over 140 countries. In 2014 McGraw Hill Financial worked with Gallup, Inc., the World Bank Development Research Group, and GFLEC on the S&P Global FinLit Survey.
How women can save more money
This webinar hosted by FCAC (originally broadcast on November 17, 2021) targets women who want to learn more about managing money and building saving habits. Guest speaker, personal financial expert, Rubina Ahmed-Haq has also contributed to Canada's financial literacy blog on "Women face unique money challenges". Helpful links related to the content matter in this video: Getting help from a credit counsellor
The Wealth of Unattached Men and Women Aged 50 and Older, 1999 to 2016
The evolution of the wealth, assets and debts of various groups of Canadians since the late 1990s has been documented in several studies. Yet little is known about the evolution of the wealth holdings of unattached men and women aged 50 and older, who make up a large part of the population. This study assesses how the wealth holdings of unattached men and women aged 50 and older evolved from 1999 to 2016 using data from the Survey of Financial Security of 1999, 2005, 2012 and 2016, and fills this information gap.
Non-Profit Organizations and Volunteering Satellite Account: Human Resources Module, 2010 to 2019
In 2019, non-profit organizations (NPOs)—serving households, businesses and governments—employed 2.5 million people, representing 12.8% of all jobs in Canada. The employment share ranged between 12.4% and 12.8%, increasing during the 2010-to-2019 period. While the economic and social landscape of Canada is very different at the time of this release than it was in 2019, these data provide a valuable baseline to better understand the potential impacts of COVID-19 in later reference years.
Impacts of the Covid-19 Pandemic on Women: Report of the Standing Committee on the Status of Women
The effects of the COVID-19 pandemic have been profound and far-reaching. Beyond endangering the health of Canadians, the pandemic has worsened inequalities among groups of people. Women, girls and gender-diverse people have faced unique challenges during the pandemic. The Committee recommends that the Government of Canada take various actions to assist women, girls and gender-diverse people during and after the COVID-19 pandemic. Many recommendations relate to improving women’s health and labour force participation. Some recommendations focus specifically on women’s paid and unpaid care work. The Committee also recommends interventions to help reduce trafficking and violence against women.
Family violence in Canada: A statistical profile, 2019
Family violence in Canada: A statistical profile is an annual report produced by the Canadian Centre for Justice and Community Safety Statistics at Statistics Canada as part of the Federal Family Violence Initiative. Since 1998, this report has provided data on the nature and extent of family violence in Canada, as well as an analysis of trends over time. The information presented is used extensively to monitor changes that inform policy makers and the public.
Financial Well-being among Black and Hispanic Women
This paper provides an in-depth examination of the financial well-being of Black and Hispanic women and the factors contributing to it, using the 2018 wave of the National Financial Capability Study. Differences between Black and Hispanic women versus White women are documented, in that the former are more likely to face economic challenges that depress financial well-being. Controlling for differences in socio-demographic characteristics, there are important differences in the factors that contribute to financial well-being for Black and Hispanic women compared to White women. This includes distinct impacts of education, family structure, employment, and financial literacy. Results imply that extant financial education programs inadequately address the needs of Black and Hispanic women.
Fearless Woman: Financial Literacy and Stock Market Participation
Women are less financially literate than men. It is unclear whether this gap reflects a lack of knowledge or, rather, a lack of confidence. This survey experiment shows that women tend to disproportionately respond “do not know” to questions measuring financial knowledge, but when this response option is unavailable, they often choose the correct answer. The authors find that about one-third of the financial literacy gender gap can be explained by women’s lower confidence levels. Both financial knowledge and confidence explain stock market participation.
Financial Literacy and Wellness Among U.S. Women: Insights on Underrepresented Minority Women
The 2020 TIAA Institute-GFLEC Personal Finance Index (P-Fin Index) survey was fielded in January 2020 and included an oversample of women. This enables examining the state of financial literacy and financial wellness among U.S. women immediately before the onset of COVID-19. A more refined understanding of financial literacy among women, including areas of strength and weakness and variations among subgroups, can inform initiatives to improve financial wellness, particularly as the United States moves forward from the pandemic and its economic consequences.
Clipped Wings: Closing the Wealth Gap for Millennial Women
AFN’s latest report, in collaboration with the Closing the Women’s Wealth Gap (CWWG) and the Insight Center for Community Economic Development reveals the current economic reality for millennial women and the primary drivers contributing to their wealth inequities. The report, Clipped Wings: Closing the Wealth Gap for Millennial Women is the second in a series of publications that builds off AFN’s 2015 publication, Women & Wealth, exploring how the gender wealth gap impacts women.
From Surviving to Thriving – Ensuring the Golden Years Remain Golden for Older Women
This brief explores the drivers of economic insecurity for older women and sets forth a number of strategies and promising practices for funders to consider which address the needs of older women. Doing so will ensure this generation and future generations of men and women in this country can age financially secure and with dignity. This publication is the fourth in a series of briefs that build on AFN’s publication, Women & Wealth, to explore how the gender wealth gap impacts women, particularly low-income women and women of color, throughout their life cycle, and provides responsive strategies and best practices that funders can employ to create greater economic security for women.
Women and Wealth: Insights for Grantmakers
The women’s wealth gap has been largely overlooked in discussions of women’s economic security, yet wealth is the most comprehensive indicator of financial health. Without wealth, families are one paycheck away from financial disaster. The brief Women and Wealth: Insights for Grantmakers examines the causes and dimensions of the women’s wealth gap and provides recommendations and best practices for grantmakers to reduce the women’s wealth gap and improve women’s access to the wealth escalator. Improving women’s ability to build wealth is not only good for women, but is essential for the economic well-being of children, families, and our nation. The webinar, included Mariko Chang, PhD, K. Sujata, President and CEO, Chicago Foundation for Women, and Dena L. Jackson, PhD, Vice President – Grants & Research, Texas Women’s Foundation.
How are Canadians with long-term conditions and disabilities impacted by the COVID-19 pandemic?
This infographic focuses on self-reported health, unmet needs for services and therapies, and difficulties meeting certain financial obligations and essential needs since the start of the COVID-19 pandemic among participants aged 15 and older living with long-term conditions and disabilities. Results are based on the recent Statistics Canada crowdsourcing data collection completed by over 13,000 Canadians with long-term conditions or disabilities between June 23 and July 6, 2020.
Transitions into and out of employment by immigrants during the COVID-19 lockdown and recovery
During the widespread lockdown of economic activities in March and April 2020, the Canadian labour market lost 3 million jobs. From May to July, as many businesses gradually resumed their operations, 1.7 million jobs were recovered. While studies in the United States and Europe suggest that immigrants are often more severely affected by economic downturns than the native born (Borjas and Cassidy 2020; Botric 2018), little is known about whether immigrants and the Canadian born fared differently in the employment disruption induced by the COVID-19 pandemic and, if so, how such differences are related to their socio-demographic and job characteristics. This paper fills this gap by comparing immigrants and the Canadian-born population in their transitions out of employment in the months of heavy contraction and into employment during the months of partial recovery. The analysis is based on individual-level monthly panel data from the Labour Force Survey and focuses on the population aged 20 to 64. Immigrants are grouped into recent immigrants who landed in Canada within 10 years or less, and long-term immigrants who landed in Canada more than 10 years earlier.
A Feminist Economic Recovery Plan for Canada: Making the Economy Work for Everyone
This report offers an intersectional perspective on how Canada can recover from the COVID-19 crisis and weather difficult times in the future, while ensuring the needs of all people in Canada are considered in the formation of policy.
YWCA Canada and the University of Toronto’s Institute for Gender and the Economy (GATE) offer this joint assessment to highlight the important principles that all levels of government should consider as they develop and implement policies to spur post-pandemic recovery.
Changes in the socioeconomic situation of Canada’s Black population
This study provides disaggregated statistics on the socioeconomic outcomes of the Black population by generation status (and immigrant status), sex and country of origin, and is intended to illustrate and contribute to the relevance of disaggregation in understanding these populations and the diversity of their situation. This study sheds light on some of the issues faced by the Black population and shows differences that exist compared with the rest of the working-age population, by sex, generation and place of origin, from 2001 to 2016.
From Emergency to Opportunity: Building a Resilient Alberta Nonprofit Sector After COVID-19
This report presents an analysis of the impact of COVID-19 on the nonprofit sector drawn from data collected in CCVO's Alberta Nonprofit Survey, data from surveys by the Alberta The analysis in this report shows that the effects on the nonprofit sector have been magnified through increased service demand, decreased revenue, and diminished organizational capacity coupled by delays in support and inadequate recognition for the leadership role that the sector is being called upon to play.
Nonprofit Network, Imagine Canada, and partner organizations across the country.
U.S. Financial Health Pulse: 2019 Trends Report
This report presents findings from the second annual U.S. Financial Health Pulse, which is designed to explore how the financial health of people in America is changing over time. The annual Pulse report scores survey respondents against eight indicators of financial health -- spending, bill payment, short-term and long-term savings, debt load, credit score, insurance coverage, and planning -- to assess whether they are “financially healthy,” “financially coping,” or “financially vulnerable”. The data in the Pulse report provide critical insights that go beyond aggregate economic indicators, such as employment and market performance, to provide a more accurate picture of the financial lives of people in the U.S.
From the Margins to Center: Responding to COVID-19 with an Equity and Gender Lens
On June 30th, AFN presented an Expert Insights briefing on what it takes to center women of color in the relief, recovery, and rebuild plans for the current health and economic crisis and beyond. The speaker is Dominique Derbigny, deputy director of Closing the Women’s Wealth Gap (CWWG) and author of the report, On the Margins: Economic Security for Women of Color through the Coronavirus Crisis and Beyond. Learn why women of color are suffering severely from the COVID-19 public health and economic crisis, opportunities to advance gender economic equity in near-term recovery efforts, and possible strategies to prevent wealth extraction and foster long-term economic security for women of color.
Legal Resources Catalogue: Free legal information
This resource provides a list of free legal information resources produced by Community Legal Education Ontario (CLEO).
Shelters for victims of abuse with ties to Indigenous communities or organizations in Canada, 2017/2018
There were 85 shelters for victims of abuse that had ties to First Nations, Métis or Inuit communities or organizations operating across Canada in 2017/2018. These Indigenous shelters, which are primarily mandated to serve victims of abuse, play an important role for victims leaving abusive situations by providing a safe environment and basic living needs, as well as different kinds of support and outreach services. Over a one-year period, there were more than 10,500 admissions to Indigenous shelters; the vast majority of these admissions were women (63.7%) and their accompanying children (36.1%). This article uses data from the Survey of Residential Facilities for Victims of Abuse (SRFVA). Valuable insight into shelter use in Canada and the challenges that shelters and victims of abuse were facing in 2017/2018 is presented.
Infographic: The Changing Characteristics of Canadian Jobs
This infographic released by Statistics Canada shows some of the ways the Canadian workforce has changed from 1981 to 2018. Some of these changes include industry, pension coverage, whether jobs are full-time and permanent, and whether they are unionized. These changes have also not been uniform for men and women.
Evaluation of the Guaranteed Income Supplement
The Old Age Security program is the largest statutory program of the Government of Canada, and consists of the Old Age Security pension, the Guaranteed Income Supplement, and the Allowance. The Guaranteed Income Supplement is provided to low-income seniors aged 65 years and over who receive the Old Age Security pension and are below a low-income cut-off level. This evaluation examines take-up of the Guaranteed Income Supplement by various socioeconomic groups, the characteristics of those who are eligible for the Supplement but do not receive it, and barriers faced by vulnerable groups.
The Economic Well-Being of Women in Canada
Economic well-being has both a present component and a future component. In the present, economic well-being is characterized by the ability of individuals and small groups, such as families or households, to consistently meet their basic needs, including food, clothing, housing, utilities, health care, transportation, education, and paid taxes. It is also characterized by the ability to make economic choices and feel a sense of security, satisfaction, and personal fulfillment with respect to finances and employment pursuits. Using Statistics Canada data from a variety of sources, including the Survey of Labour and Income Dynamics, the Canadian Income Survey, the Survey of Financial Security, and the 2016 Census of Population, this chapter of Women in Canada examines women’s economic well-being in comparison with men’s and, where relevant, explores how it has evolved over the past 40 years. In addition to gender, age and family type (i.e., couple families with or without children; lone mothers and fathers; and single women and men without children) are important determinants of economic well-being. Hence, many of the analyses distinguish between women and men in different age groups and/or types of families.
