While we often look at financial help services in relation to the needs and preferences of the average middle- or higher-income consumer and applicable regulatory and oversight mandates, we consider them less often from the perspectives of low-income and vulnerable consumers and their financial contexts and needs. In this project, Prosper Canada has attempted to identify gaps in access to affordable, appropriate and trustworthy financial help for people with low incomes specifically.
To this end, Prosper Canada has produced a report that:
“Why Change is needed: This financial help gap has taken on new urgency in the context of the COVID-19 pandemic and ensuing inflation and interest rate increases that have made life increasingly unaffordable for many Canadians.” – Prosper Canada
Full Report: Missing for those who need it most: Canada’s financial help gap - Financial Help Project Report (prospercanada.org)
Executive Summary: GetFile.aspx (prospercanada.org)