Canadians are increasingly stressed about their financial situations, as the cost of living weighs on many people’s mental health, according to a new report.
highlighting that for the sixth consecutive year, money continues to be the main source of stress for Canadians, impacting 40 per cent of respondents.
“Canadians continue to struggle with their financial picture, and financial stress can have a significant impact not only on financial well-being but also on mental health,” Tashia Batstone, the president and chief executive officer of FP Canada, said in a news release. Additionally, 48 per cent of respondents reported losing sleep over their finances this year, an increase from 43 per cent last year.
“As Canadians struggle to afford groceries, gas and other goods and services, nearly half have less disposable income compared to a year ago, a substantial increase from 2022 ,” the press release said.
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