This report presents the 18-month results of the learn$ave pilot program, which was designed to demonstrate how Individual Development Accounts can encourage low-income adults to save.
This summary argues that serious review of the unintended consequences of asset limits within provincial income support policy is needed. More than limiting entry, these rules may be inadvertently increasing dependency by adding to the risks for entry and re-entry into welfare systems.
The ability to make informed financial decisions is essential for basic functioning in Canadian society. This bilingual paper reports on research that explores the ways in which vulnerable consumers prefer to receive financial education, information and advice.
This study seeks to equip decision-makers and stakeholders with insight into the effective practices of building financial literacy among low-income Canadians.
In this report SEDI provides quantitative information to describe the current state of financial literacy as well as a synthesis of qualitative information from key informant interviews conducted in the spring of 2006.
Case study methodology was utilized for this project to evaluate the effectiveness of the Independent Living Accounts (ILA) program in Edmonton, Toronto and Fredericton. Results from the program provided strong evidence that the ILA offers the necessary incentives and supports to help those in transitional housing become self-sufficient.