Toronto is one of Canada's most expensive cities, creating intense pressures for young professionals and students facing rising tuition, rent, and food costs. Financial stability looks different at every stage of adult life. A 24-year-old renter paying off student loans faces vastly different pressures than a 45-year-old homeowner, yet both are navigating an increasingly expensive economy. Canadians across age groups are worried about financial security, but there is a lack of granular understanding of who is truly thriving versus who is secretly struggling to manage day-to-day expenses or large financial decisions. How can we accurately quantify household financial resilience, predict vulnerability, and simulate the impacts of economic shocks to guide targeted policy and support?
58 - Financial Resilience Stress Test of Toronto Households
We created a numerical metric to evaluate and test financial resilience.
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