Financial resilience is about being able to bounce back from unexpected life events and financial setbacks, while moving forward to achieve your goals.

If you’re feeling financially vulnerable, you’re not alone

You’re not alone

Financial vulnerability affects 78% of Canadians and many people around the world, so if you’re
not ‘Financially Resilient’ based on your financial resilience score, you’re not alone.

Financial vulnerability and financial stress are mainstream problems across people from all household incomes, with the 41% of Canadians ‘Extremely Vulnerable’ or ‘Financially Vulnerable’ (with financial resilience scores of under 50.01) as of February 2024.

Proportion of Canadians by Financial Resilience Segment (February 2024)

Source: Financial Resilience Institute, February 2024 Seymour Financial Resilience Index ®
Based on a sample of 6223 Canadians from a representative sample of the population with
more information on the Index and Canadians’ financial resilience in Institute reports.

This is a journey, and even small changes can make a difference. It is often hard to make complex life and financial trade-off decisions, particularly for people facing financial hardship or barriers. Recognizing challenges you may face is an important first step towards strengthening your financial and overall resilience as best you can.

Your financial resilience can change as you experience

planned and unplanned life events.

You can move forward to realize your goals

Your financial resilience can slip backwards or improve over time, just like with your mental or physical health, with this proven by Financial Resilience Institute’s research and analytics since 2020.

Great news: by taking charge of your finances, you are building a strong foundation for your future. Life throws curveballs, but with knowledge on your side, you can navigate them with confidence. Consistent effort and positive changes will have a real impact on your financial well-being, helping you achieve your goals in life. Explore articles and resources

Important Notice

The information in this tool and on this website isn’t intended and should not be relied upon as professional or personal financial product advice. You should seek professional advice before making any decisions that could affect your financial resilience or financial health.