According to a survey conducted by Leger on behalf of FP Canada, almost half of young Canadians (49 per cent) aged between 18 and 34 are the most stressed about money while 46 per cent of have encountered mental health challenges as a result. On the other hand, Canadians aged 65 and above say they experience relatively lower levels of money-related stress compared to other age groups, with 28 percent reporting financial stress. Are you personally stressed about finances?

The survey highlights the widespread impact of financial challenges on the overall well-being of Canadians and that a substantial portion of Canadians (36 per cent) experienced the negative impacts including anxiety, depression, and mental health challenges of financial stress. Nearly half of Canadians (48 per cent) said they have lost sleep due to financial worries in 2023. This marks a five per cent increase compared to 2022. Have you ever experienced either one due to financial stress?

The survey also found 48 per cent of Canadians have less disposable income compared to a year ago, a substantial increase from 2022 (39 per cent). Do you feel like you have less disposable income compared to a year ago?