Per­sonal fi­nances a ma­jor stres­sor

24 Hours Toronto - - CAREERS -

More than a quar­ter of Cana­di­ans some­times strug­gle to keep up with their fi­nan­cial com­mit­ments or are hav­ing real fi­nan­cial prob­lems and new re­search by The Con­fer­ence Board of Canada says stress sur­round­ing per­sonal fi­nances may af­fect work­place pro­duc­tiv­ity.

About 25% of Cana­di­ans who re­port fi­nan­cial strug­gles are dip­ping into their re­tire­ment for ex­tra funds and just 72.5% are pre­par­ing fi­nan­cially for re­tire­ment. Among those who are un­pre­pared, not be­ing able to af­ford re­tire­ment sav­ings and in­vest­ments is a fre­quently cited rea­son. Money on the Mind: The De­sign and Im­pact of Em­ployer-spon­sored Fi­nan­cial Well­ness Pro­grams found 74% of Cana­dian em­ploy­ers feel they have a re­spon­si­bil­ity to help their em­ploy­ees with fi­nan­cial well­ness.

Newspapers in English

Newspapers from Canada

© PressReader. All rights reserved.