Back to top

We have chosen Ontario for you. It’s not the right location? You can change it anytime.

This month’s significant number: 38% - DFSIN - SFL

This month’s significant number: 38%

That’s the percentage of Canadians who named money as their main source of stress, according to the FP Canada 2022 Financial Stress Index. 

January 26, 2023

The survey, done by Léger, showed that once again this year, money worries were the biggest cause of stress for a majority of Canadians, ahead of health (26%), work (20%) and relationships (15%). Fewer Canadians this year than last reported that they feel confident about their financial futures (49% vs. 57%), and stock market volatility and rising interest rates were both cited as significant sources of stress. 

The survey revealed that good planning is still an effective safeguard against financial insecurity: the percentage of Canadians who say that money is their main source of stress is significantly lower among those who work with a financial planner (15% vs. 40%). These people are also much less likely than the average Canadian to develop money-related mental health challenges (16% vs. 36%).

The following sources were used to prepare this article: 
FP Canada, “FP Canada™ 2022 Financial Stress Index.”