The Financial Consumer Agency of Canada has published an interactive dashboard to track key indicators of Canadians’ financial health over time, drawing on results from its Monthly Financial Well-Being Monitor. The dashboard highlights that more Canadians overspent, struggled with financial commitments and borrowed for regular expenses in 2024 than in 2019, while stress levels decreased between 2020 and 2024. Additional indicators show increased use of savings due to economic conditions in 2024 compared with 2020, a higher share without emergency savings in 2024 than in 2019, and more Canadians reporting increased debt in 2024 than in 2020. Fraud cases rose between 2021 and 2024, and payday or online loan use was higher in 2024 than in 2020. Users can explore data from 2019 onwards by topic, quarter or year, and apply demographic filters such as age or income, with annual data available across regions; the underlying monitor surveys about 1,000 respondents each month. The agency indicates the dashboard will be updated regularly and is seeking feedback from early users to improve the Research and Data Exchange features, including accessibility.
Financial Consumer Agency of Canada 2025-07-10
Financial Consumer Agency of Canada launches Canadians’ financial well-being dashboard with trends on spending, debt, savings and fraud
The Financial Consumer Agency of Canada launched an interactive dashboard to monitor Canadians' financial health, revealing increased overspending, borrowing for regular expenses, and debt levels in 2024. It also shows a rise in fraud cases and payday loan usage, with data from 2019 onwards, allowing exploration by topic, quarter, year, and demographic filters. Regular updates and user feedback are sought to enhance the dashboard's Research and Data Exchange features.