The Review of Financial Literacy Research in Canada highlights past and current advancements in financial literacy research (produced by government and non-governmental stakeholders) while identifying existing gaps within the financial landscape. The overriding goal is to help strengthen the...

Habits are incredibly powerful. Good habits can make people highly successful, and bad habits can ruin people’s lives. Still, it is important to go beyond the anecdotal evidence of the many self-help books on habit, and to take stock of the scientific evidence. This literature review discusses...

Research conducted by agencies such as AFOA, Native Women’s Association of Canada, and various other Canadian entities, has identified the need for improved financial literacy education in Indigenous communities, particularly among youth and Elders. Such research reports are often equipped with...

The aim of this scoping review of Canadian literature is to examine how the Canadian public understands these seven key social determinants of health that we identified in Making the Connections and to identify gaps in the public’s understanding of the SODH and the research on this subject. Based...

Empirical evidence gathered over the last several years documents the potential of Children’s Savings Accounts (CSAs) to expand educational and economic opportunity for low- and moderate-income families. While much of the research on CSAs is based on regression analyses of panel data, randomized...

Financial literacy programs are fast becoming a key ingredient in financial policy reform worldwide. Yet, what is financial literacy exactly and what do we know of its effectiveness? This paper collects insights from the literature thus far and summarizes global evidence, on financial literacy, its...

This guide contains 12 recommendations on how to design pilot projects with scaling up in mind, as well as a checklist that provides a quick overview of the scalability of a project that is being planned, proposed, or in the process of implementation. Based on a combination of a comprehensive...

To date no meta-analysis specific to Canada has been done to consider effectiveness in financial literacy programming and evaluation among existing financial literacy resources. This research project, therefore, seeks to explore the following: Issues in effective delivery of financial literacy...

There is a large and sophisticated industry of financial professionals available to give financial information and advice to Canadians who can afford their services, but Canadians with low or modest incomes and wealth lack the means to purchase that help. What’s more, sometimes mainstream...

Research shows that many people make poor economic decisions because they are financially illiterate. As we show here, financial ignorance can be expensive and even ruinous, for many. Our goal in this article is to provide an overview of existing work in this important field. We also provide new...

We create a framework for understanding the role of hope and aspirations in economic development and give preliminary experimental results from a field project in Oaxaca, Mexico carried out in this framework. We review the literature on hope from philosophy, theology, psychology, and its...

During childhood and youth we build the foundations for financial well-being later in life, acquiring the knowledge, skills, attitudes, and personality traits that enable us to manage our finances as adults. This article reviews literature from consumer science, developmental psychology, and allied...

Consumers of financial products and services need both a safe, transparent marketplace, and the financial capability to navigate that marketplace effectively. This report describe initial research funded by the CFPB into how people acquire financial capability, to inform financial education and...