Struggling to Make Ends Meet: Using Financial Diaries to Examine Financial Literacy Among Low-Income Canadians.

Concern about financial literacy is rising. But national surveys of financial literacy are not very helpful regarding the literacy characteristics of the poor. This case study uses the financial diary method to examine the financial literacies of 13 poor Canadians. The results found that most partic...

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Publicado en:Journal of Poverty Vol. 17; no. 3; pp. 331 - 356
Autores principales: Buckland, Jerry, Fikkert, Antonia, Gonske, Joel
Formato: Artículo
Publicado: Taylor & Francis Ltd Jul-Sep2013
Materias:
Acceso en línea:Ver este registro en EBSCOhost
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        atl: Struggling to Make Ends Meet: Using Financial Diaries to Examine Financial Literacy Among Low-Income Canadians.
      aug:
        au:
          Buckland, Jerry
          Fikkert, Antonia
          Gonske, Joel
        affil:
          International Development Studies, Menno Simons College, Winnipeg, Manitoba, Canada
          Department of Political Science, Dawson College, Montreal, Quebec, Canada
          Menno Simons College, Winnipeg, Manitoba, Canada
      su:
        Poor people
        Financial literacy
        Personal finance
        Income
        Consumption (Economics)
        Canadians
      sug:
        subj:
          Poor people
          Financial literacy
          Personal finance
          Income
          Consumption (Economics)
          Canadians
      keyword:
        banking
        financial exclusion
        financial literacy
        poverty
      ab: Concern about financial literacy is rising. But national surveys of financial literacy are not very helpful regarding the literacy characteristics of the poor. This case study uses the financial diary method to examine the financial literacies of 13 poor Canadians. The results found that most participants kept their spending in line with their income and tracked their spending, and several demonstrated financial resilience. Many participants appreciated involvement in the study because it further developed their skills in tracking their expenses and articulating financial goals. Approximately 40% of the participants had reasonably healthy finances, many of them newcomer Canadians.
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