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“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.
Authors: Mohammad Nuruzzaman Khan,Ilyan Ferrer,Yeonjung Lee,Rochelle Deloria,Kaltrina Kusari,Lauren Migrino,Karla Danan,Jenny Yen Publication Date: 1/1/2023

Publication Type: Journal Article

URL:https://link.springer.com/article/10.1007/s10834-023-09889-w
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

Collections children-youth-and-elderly

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