The Crisis of Precarious Work in Grey Bruce
In Grey Bruce, a growing number of families are struggling to survive on part-time, seasonal, or casual employment. The Bruce Grey Poverty Task Force, through its 2013 community survey, heard firsthand from residents relying on food banks, social assistance, housing, and employment services. The message was clear: precarious work is harming families.
Without stable, adequate employment, people are unable to consistently meet their most basic needs — food, shelter, and transportation. This leaves households vulnerable and often forces them to turn to unsafe financial options.
The Payday Loan Trap
Access to small, short-term loans is essential for low-income consumers. But payday loans are not the solution.
Despite serving as a quick fix, payday loans:
- Come with exorbitant fees and interest rates.
- Target low-income households through aggressive marketing.
- Often lead borrowers into a cycle of debt—encouraging second and third loans before the first is even paid off.
- Erode financial security and push families deeper into poverty.
There is a systemic flaw in our banking institutions: they do not offer accessible credit options to those who need them most. This creates a dangerous reliance on predatory lenders.
Our Call to Action
We believe the Government of Ontario must take immediate steps to protect vulnerable families and end predatory lending practices:
- ✅ Review and reform payday loan regulations to limit fees and prevent rollover loans.
- ✅ Collaborate with banks and credit unions to offer fair, accessible small loans to low-income consumers.
- ✅ Support policies that reduce precarious employment and ensure everyone earns at least a Living Wage.
- ✅ Prevent undue financial hardship by promoting financial services that build—rather than destroy—financial stability.
Let’s Build a Fairer System
Low-income families deserve better than predatory debt. We urge the Ontario Ministry of Government and Consumer Services to prioritize consumer protection and work with financial institutions to provide dignified, sustainable alternatives to payday loans.
Join the Movement
Help us advocate for a just financial system and stronger economic foundations for all families in Grey Bruce.
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✍️ Contact your MPP.
💬 Start the conversation.
Together, we can break the cycle of debt and poverty.