A new report by Prosper Canada and the Canadian Council on Social Development looked at household financial health across Canada’s 35 largest cities.
The report explored how cities perform with respect to key underlying drivers of household financial health.
Findings were based on on the Neighbourhood Financial Health Index, which looked at income, debt, assets and neighbourhood poverty indicators.
Moncton and Saint John were found to be what they described as living constrained, which means they have below-average income, wealth and debt, but lower than average poverty levels.
Halifax was characterized as living challenged with similar characteristics, but with higher poverty.
Five cities were labelled as “living large” with high income and high wealth but also high debt. Those include Toronto and Vancouver.
@Prospercan and the Canadian Council on Social Development released a new report today comparing household financial health across Canada’s 35 largest cities. Read more https://t.co/AMIZs7v0EN #FinancialEmpowerment pic.twitter.com/H6x3dMhbH1
— Prosper Canada (@prospercan) November 28, 2019
The full report can be read online.
