“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