A new study finds almost half of Canadian workers overwhelmed by debt

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A new study revealed a Mental Health Index showing 26% of Canadian workers are unsure if they will be financially comfortable in the future.

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The report found 45% of individuals have felt overwhelmed by debt and that 61% of workers in Canada feeling that way have not reached out for financial advice with 21% citing feeling embarrassed. And of those who have reached out, only 4% have done so through their employee and family assistance program .

Another 40% of workers in Canada said automatic savings/investment plans offered by their employer would be valuable, while 13% and 12%, respectively, valued personal financial advice and an emergency fund from their employer.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYUnlimited online access to articles from across Canada with one account

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