Building Better Financial Futures Challenge 2024

Hey Gen Zers, ever dreamt of reshaping the financial future? Well, the Financial Consumer Agency of Canada (FCAC) is rolling out the red carpet just for you! Introducing the 2024 Building Better Financial Futures Challenge, a competition where your innovative ideas could be the next big thing in enhancing financial literacy and consumer protection in the digital world.

• Focus Areas: Choose from enhancing access to financial help, simplifying financial decisions through behavioural design, or beefing up consumer protection measures.
• Your Mission: Research, synthesize, and propose actionable, evidence-based solutions that hit the target outcomes of your chosen priority.
• Who Can Jump In: Both undergraduate and graduate students, it’s your time to shine!

1. Enhancing Access to Financial Help: Aimed at boosting access to affordable and unbiased financial advice, especially for vulnerable Canadians.
2. Using Behavioural Design: Encourage stakeholders to present information that motivates beneficial consumer financial decisions.
3. Strengthening Consumer Protection: Adapt and strengthen consumer protection measures to enhance outcomes in the digital financial marketplace.

• Recognition: Be the mind behind the next big solution in Canada’s financial literacy strategy.
• Impact: Your ideas could reshape how Canadians navigate their financial futures.
• Experience: Gain invaluable experience in research, solution proposal, and potentially, implementation!

• Select a Priority: Dive deep into one of the focus areas.
• Propose a Solution: Identify an actionable solution that nails at least one of the target outcomes.
• Testing the Waters: Describe how you’d test the effectiveness of your solution using research methods and how you’d measure its impact.

🚀 Ready to launch your idea into the financial future? Dive in, explore, and who knows – your idea might just be the next big thing to hit Canada’s financial literacy landscape! 🚀