Why ABLE?

Financial vulnerability (having low, no or negative net worth) has reached record levels in Canada:

  • One in six Canadian households have zero or negative net worth
  • Almost one in four households have no financial assets at all
  • Canadian household debt is the highest in the G7 at 164% of annual income
  • Household savings are at an historic low of 3.3% of annual income.
Financial vulnerability affects Canadians at all income levels, but those living in poverty most of all, as many have no savings to fall back on in emergencies and no ability to cut back on expenditures to meet their basic needs. Many are also burdened by debts that make it increasingly difficult to cope.

The ABLE conference is a unique gathering of leading experts dedicated to developing sustainable solutions that enable low-income and vulnerable Canadians to build their financial security and a better future.