Canadians Are More Stressed About Their Bank Accounts Than Getting COVID-19 Right Now
Financial stress literally has Canadians losing sleep.
When it comes to picking the most stressful things in life, money is still at the top of the list for Canadians — despite the global pandemic the country is still going through.
Money was ranked as the top stressor for Canadians in the 2021 FP Canada Financial Stress Index, with 38% of people surveyed claiming that it's the number one source of stress in their lives. That's more than personal health at 26% and relationships at 15%.
According to the index, financial anxiety has even caused 51% of Canadians to lose sleep. Also, 31% of respondents said it has led to health issues, which is an increase from the 18% who said they had money-related health issues last year.
While personal health isn't the number one cause of concern for Canadians, the COVID-19 pandemic did have an effect on it; 45% of respondents said it had an impact on their financial stress level.
Canadians have been pretty strained in general lately, according to a recent study, which revealed that Canadian workers had the highest stress levels in the world in 2020.