“We’re always looking at the dollars and cents”: The financial wellbeing of racialized older immigrants in Canada through the lens of service providers
Abstract
Analyzing data from a focus group with service providers in the city of Calgary, Alberta, this article identifies the barriers to financial well-being among racialized older immigrants and newcomers. Structural barriers discussed included the ten-year and twenty-year dependency period, and experiences of
structured dependency within intergenerational family units.
Notes
Community organizations: n/a
Future research/gaps identified
- Future research should focus on intersectional and overlapping barriers to financial wellbeing (e.g. race, gender, sexuality)
Integration timeline
- Newcomers (not defined)
Key findings
- Need for increased education on the Canadian financial system and benefits
- The 10-year and 20-year dependency policies create significant barriers to financial wellbeing
Key populations
- Racialized, immigrant and/or newcomer older adults in Calgary, AB
Open access – No
Key recommendations
- Create specialized financial literacy programs for older adults in settlement organizations
- Develop specialized service desks at financial institutions for racialized older adults
Location
- Calgary
- Alberta
