Canadians Cite Money Worries as Greatest Source of Stress
Survey draws attention to the impact of financial stress on Canadians
A national survey conducted by Leger* on behalf of Financial Planning Standards Council (FPSC) has found that 42 per cent of Canadians rank ‘money’ as their greatest stress. That stress is driving Canadians to lose sleep, reconsider past financial decisions, argue with partners and lie to family and friends.
Survey results show that Canadians’ experience with financial stress varies depending on age, gender and openness to discussing personal finance issues.
The following are key findings among respondents across the country (excluding Quebecers):
*The survey was conducted by Leger and included more than 1,000 Canadians (excluding Quebec) between September 26 and October 1, 2014. It has a margin of error of +/- 2.5%, 19 times out of 20.
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For more on calming money worries and getting started with the right planner, read 5 tips to fight anxiety about money, How financial stress can affect your life and health and 10 questions to ask your planner.