Making the most of what we make

DSC_6265Maria is a 24-year-old single mother to three young children, living near Jane and Finch in Toronto. While taking care of herself and her family as she looked for employment, she found that her limited finances didn’t stretch very far. At least, they didn’t until recently.

At a local community agency, Maria enrolled in a financial literacy workshop that is tailored to people living on a low income. She learned the basics of how to track her finances, how credit ratings are determined and other important financial information that gave her the foundation to realize a new financial future for herself and her children (you can read more of Maria’s story here ).

The barriers faced by Maria are like those of countless Torontonians who are not only living on a low income, but also facing other mounting challenges, including an unemployment rate of 8.6% in the Greater Toronto Area (above the national average of 6.9%) and record levels of household debt.

November is Financial Literacy Month, a great time to reflect on why financial literacy matters, why it’s a skill we have to learn and, in terms of the information offered, why one size doesn’t fit all. Over the next few weeks, we’ll be posting some information about United Way’s work in financial literacy , profiling some of our incredible partners and other organizations who are doing impressive work in the community on this very issue. You’ll also meet a few people whose lives were changed when they connected with programs geared to their particular situation. Check it out this month by liking us at and following us on Twitter.

By subscribing to the blog, you can join us November 18, when we tackle the gap between the financial literacy advice that is generally offered and the needs of lower-income earners—and why that gap is a serious concern.

What’s community all about?

What does community mean? We tried answering it ourselves in our 2013 campaign video.

Of course, it’s tough to pin down (and you can let us know if you disagree). There are 2.7 million of us in the city, and over six million in the GTA, and no two will answer quite the same way. Every street, household, church, mosque, temple, community centre and workplace is a community in miniature. Every international diaspora is its own community—and Toronto has representatives from 230 countries. As well, every one of us belongs to multiple communities, and each one changes every single day, as people move in and out, face success and setbacks, are born and grow old.

So nailing down exactly what we mean by community is a slippery task, but let’s start with the city’s 140 designated neighbourhoods.

Fortunately, the city makes it easy to take a very detailed, very local look at every single one of these neighbourhoods, with Wellbeing Toronto, an interactive map on the city’s website that breaks down a huge amount of data about each neighbourhood. You can zoom right down in on your community, and examine everything from income levels to tree cover to how many Urdu speakers there are nearby. And you can compare that data with the same information for every community in the city—it’s an illuminating look at Toronto. (And, if you’re so inclined, an easy way to wile away an hour or so with the wealth of data provided.)

You might start to notice a few things. Like a troubling discrepancy between the communities with the highest and lowest incomes. In fact, the data makes plainly visible the conclusions of the University of Toronto’s Cities Centre, whose influential report “The Three Cities Within Toronto” highlights the growing divisions between Toronto’s communities on the basis of ethnicity, income, and geography. Our own research, Poverty By Postal Code and Vertical Poverty in particular, adds more insight into this widening gap, showing how poverty is concentrating in some of Toronto’s inner suburban neighbourhoods.

But there’s good news: While we can discuss endlessly what “community” means, there’s consensus that we have a wealth of data about those communities. The data and research  shows us exactly where our challenges are. Now we just need to tackle them—and each community has its role to play.

We’d love to hear what community means to you—what is your community, and what do you think of when you hear the word?