What’s the biggest source of stress in your life? For four-in-10 Canadians, it’s money, according to the latest Financial Stress Index from FP Canada. And nearly half of Canadians say the COVID-19 pandemic has had an impact on their level of financial stress. The good news is, working with a financial planner can help. Enjoy the latest issue of "Here's The Plan" consumer news and resources from FP Canada by clicking here.
Canadians have ranked money as their greatest cause of stress in life according to the latest chapter of the Financial Stress Index, by FP Canada™. The report is a follow-up to the first two FP Canada financial stress studies from 2014 and 2018. The latest survey results show how Canadians about personal finances and life pressures.
The FP Canada™ 2020 Financial Stress Index found that money is the number one cause of stress for Canadians by a large margin. Finances (38%) outrank personal health (25%), work (21%) and relationships (16%) as the top source of stress in Canadians’ lives. The survey also provides tips on managing financial stress.
In response to the financial challanges caused by COVID-19, governments across Canada continue to offer support programs. Find out more about federal and provincial supports here.
As CFP professionals, we are pleased to be able to refer you to these resources provided by FP Canada.
Elaine Kelly CFP David Wyatt CFP
Investment Advisor Investment Advisor
Manulife Securities Incorporated Manulife Securities Incorporated
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