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Principles and Policy Recommendations

In: Financial Vulnerability in Canada

Author

Listed:
  • Jerry Buckland

    (Redekop School of Business Canadian Mennonite University)

  • Brenda Spotton Visano

    (York University)

Abstract

This chapter concludes the book, Financial Vulnerability in Canada: The Embedded Experience of Households, by outlining education, economic, and banking reforms that can support financially vulnerable households. It begins by arguing the current market-focused economy, with its focus on economic growth, crowds out the principal of equity. Yet equity is central to creating an economy that can support the different challenges faced by financially vulnerable people. For equity to play a more central role in finances and economy, this principle must become more significant within the education system. Economic policies we advocate include policies that promote poverty-reducing employment and boosting income-support programs. Finally, we argue that a series of bank reforms are needed to build the equity needed to address financial vulnerability.

Suggested Citation

  • Jerry Buckland & Brenda Spotton Visano, 2022. "Principles and Policy Recommendations," Springer Books, in: Financial Vulnerability in Canada, chapter 0, pages 149-172, Springer.
    • Handle: RePEc:spr:sprchp:978-3-030-92581-9_7
    DOI: 10.1007/978-3-030-92581-9_7
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