A recent study conducted by the Canadian Consumer Affairs Agency found that money concerns were in the minds of Canadians. This is a source of more stress than work, health and relationships.
Factors such as the COVID-19 pandemic and rising living costs are part of the day-to-day challenges people face and are in conflict with their monthly income.
According to a survey, 37% say they are considering delaying retirement as a result of economic conditions and the difficulty of saving money.
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Saskatoon Asante Wealth Management Wealth Advisor Stuart Sutton says people should sooner or later manage their finances.
“We feel it’s really important to be in charge of your finances,” Sutton said. “Many people are stressed because their wealth dominates them. We believe it should be the other way around — you should be responsible for your wealth.”
Canada adds 157K employment in September, employment returns to pre-pandemic levels
Mr Sutton said that if people take action now, they will help them in the future.
Sutton added that he plans to hold two free online seminars in late October.
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Money is stressful, worried about overall mental health leaders: Survey
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