Discover financial empowerment resources
Discover financial empowerment resources
QR codes are a popular way to offer access to information by scanning the now familiar black and white code with your mobile phone. But not all QR codes are safe to scan. Scammers are taking advantage of the widespread use of QR codes to launch new versions of old scams. Learn more on the...
Two articles released in Economic and Social Reports provide insights on the poverty rates and changing demographics of racialized population groups in Canada. The article "Poverty among racialized groups across generations," shows that most racialized groups had higher poverty rates...
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...
This document is a compilation of best practices and recommendations from a wide range of resources that Prosperity Now’s Racial Wealth Divide Initiative (RWDI) and Communications teams thought would be helpful for naming, framing, defining and understanding the issue of racial economic equity....
By most measures of economic success—whether it be income, education, wealth or employment—Asian Americans are doing well in the United States, both when compared to other communities of color as well to White households. But while these measures of success are noteworthy, the way they are...
Since visible minorities often have more precarious employment and higher poverty rates than the White population, their ability to adjust to income losses due to work interruptions is likely more limited. Based on a large crowdsourcing data collection initiative, this study examines the economic...
This report from Prosperity Now shows the importance of matched savings programs called 'Promise Accounts' which help families successfully save for their futures. They are especially important for households of color as compared to white households. Decreasing economic inequality and closing the...
This research report compares the long-term financial outcomes of Canadians, based on a study comparing consumers who used a debt management program (DMP), bankruptcy (BK), or a consumer proposal (CP) to obtain relief from...
The study examines consumers’ financial knowledge and confidence levels; financial and money stressors, financial capability aspects and financial management behaviours and practices (across the financial services spectrum). The study also explores external or environmental factors such as income...
This report examines the growing racial wealth divide for Black and Latino and the ways that accelerating concentrations of wealth at the top compound and exacerbate this divide. It looks at trends in wealth...
This report examines data from the Federal Reserve System’s 2016 Survey of Consumer Finances to understand how the wealth of median Black, Latino and White families have changed since the findings of its previous survey were released in...
This is a set of tools and resources developed by The Prosperity Agenda to implement a holistic vision of financial coaching for individuals and families. (Note: Accessing the toolkit requires submitting user...
This is a document from the Financial Consumer Agency of Canada explaining tips on how to manage your refund at tax time to make the most of...
This is the second in a series of briefs produced by a partnership between the Aspen Institute’s Expanding Prosperity Impact Collaborative (EPIC), Washington University’s Center for Social Development (CSD), and the Intuit Tax and Financial Center. The first brief highlighted new data on the...
CFSI presents their 2017 Financially Underserved Market Size Study that illustrates the growing opportunity to address the needs of financially underserved consumers and identifies significant trends driving marketplace evolution and...
Even if you make no money, you should file a tax return each year. You may be eligible for a refund (money back). Filing your taxes triggers access to government benefits that you can’t get any other way. This worksheet will help you gather the information you will need at tax time. You will...
This activity sheet is from Module 9 of the Financial Literacy Facilitator Resources. A template for writing a consumer complaint letter. To view full Financial Literacy Facilitator Resources, click...
Income is the money that comes into your household. This worksheet will help you see the ‘big picture’ of your income and other resources. Then you can think about how to plan your expenses. This is worksheet #2 from the booklet 'Managing your...
Keeping track of where your money goes during the month is another helpful step towards making a budget. Then you will be able to compare your spending with your income. This is worksheet #3 from the booklet 'Managing your...
Knowing what bills you have and when they are due can help you plan your spending. This activity will help you to be aware of two things: how much you owe each month, and at what time of the month that money is due. This will help you to pay bills on time, and avoid late fees. This is worksheet...
When you make a budget, you give yourself a clear picture of your financial situation. A budget compares your income to your expenses, all in one place. This is worksheet #5 from the booklet 'Managing your...
Setting a savings goal means that you have decided how much money you can put away, and what you are going to save for. This activity can help you write down some money goals and when you would like to achieve them. You can build savings by putting aside small amounts on a regular basis. This is...
This is the final report on the MPower Money Coaching Program. This program was a unique collaboration that brought together Prosper Canada, a national charity, Canada’s leading investment firms and investment industry associations, and the City of Toronto’s Employment and Social Services...
This brief examines the findings of three studies—one from The Pew Charitable Trusts and two commissioned by Pew with support from the W.K. Kellogg Foundation—that looked at the effect of asset limits on family finances and state and program costs and...
People manage their money in a variety of different ways, sometimes in ways that others fail to understand, but that work well for them. The research in this new report focuses on one of those ways: informal saving. Informal saving can take many forms: saving in cash at home (sometimes literally...