Principles and Policy Recommendations

Jerry Buckland () and Brenda Spotton Visano
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Jerry Buckland: Redekop School of Business Canadian Mennonite University

Chapter Chapter 7 in Financial Vulnerability in Canada, 2022, pp 149-172 from Springer

Abstract: 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.

Date: 2022
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DOI: 10.1007/978-3-030-92581-9_7

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