Canada's Financial Wellness Lab
Translating data-driven insights into tools and practices Canadians can use to improve their financial resilience and support better financial decision-making.
The Lab’s goal is to develop quantitative finance and data analytics solutions that will enable Canadian households to enhance their financial resilience. The Lab resides in Western University’s Faculty of Science, leveraging strengths in actuarial science, financial modelling and data science. Academic partners from Canada are also part of the team. The academic team is joined by industry partners who are providing the lab with anonymized data on the financial circumstances of Canadians.
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Financial Wellness Lab: State of the Nation
The purpose of this paper is to create a framework to be used by the stakeholders associated with the Financial Wellness Lab for engagement and collaboration. The framework seeks to document what we know so far, what we don't know, and where we plan to go.