Neighbourhood Financial Health Index

Period: Fall 2012 – December 2014

Project leads: Prosper Canada, The Canadian Council on Social Development

Collaborators: Community Foundations of Canada, Environics Analytics, Open Policy, St. Christopher House, TD Economics

Project Description:
The Canadian Council on Social Development and Prosper Canada are leading the development of a new national Neighbourhood Financial Health Index. The project’s goal is to create a tool to measure and report annually on household financial health across Canada at the neighbourhood level.
The proposed Index will comprise a series of indicators on income, debt, savings and assets rolled-up into a single metric that can be presented in visually compelling and readily accessible ways.

Impact:
Community organizations, governments will have the ability to capture, visualize, and analyze disparities in financial health and vulnerability across communities, regions and Canada as a whole.