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

  • 📰 TheTorontoSun
  • ⏱ Reading Time:
  • 53 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 68%

Health Health Headlines News

Health Health Latest News,Health Health Headlines

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

Play Video

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.From our newsroom to your inbox at noon, the latest headlines, stories, opinion and photos from the Toronto Sun.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.

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

Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment onSupport local journalists and the next generation of journalistsSubscribe now to read the latest news in your city and across Canada.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Instead of reducing the huge tax burden Canadians suffer, our Federal Gov't raised taxes on April 1st and we are the fools.

I bet the majority of these overwhelmed folks support liberal_party or NDP No concept of cause and effect. Conservatives understand how to keep their affairs in order. We fight back in defense of those who don’t know better and our future generations.

Moral of the story….. don’t live above your means .

But we're being told that we've never had it so good by our supreme leader

No bailouts for me

That includes the Canadian govt.

Don’t forget your taxes are going up tomorrow 😉

They don't have a limitless taxpayer funded credit card.

No waaaaaaaaaaay

Luckily Trudeau and Freeland have had 4 raises since covid to combat their failures in running the country.

TrudeauIsDestroyingCanada

Meh, to quote noted financial expert, cafreeland, my debt is actually increasing my economic capacity, so it’s all good. 🤷‍♂️💸

It’s going to be fixed with the liberals giving everyone 400$ for a year of groceries

Canada is broken in many ways

Keep voting liberal and everyone will be bankrupt in no time

But lets give billions to Ukraine and increase carbon taxes that achieve nothing. Screw it, government doesnt care how much debt they are in, I wont either anymore

Breaking even is seen as a 'win' in Canada today. But don't let that stop the Liberals with their hands in your pockets from letting you know how wonderful Canada is doing on a very specific set of metrics.

Can’t wait to become an American tax payer🇺🇸

It’s Trudeau’s Canada.

Shocker

Yet the liberals keep raising taxes, and allowing it to get worse

And the other half are Government employees

It also means that more than half aren’t

trudeau is destroying our lives, its ridiculous

The taxman does not help!

Trudeau just 'helped' them .LOL

As a liberal, I try to take on as much debt as possible. I recently maxed out a credit card with no plan to pay it back. It is the Canadian way.

ThE gOvErNmEnT tOoK oN dEbT sO yOu WoUlDn’T hAvE tO 🥴

This is a big surprise.

Budget 2023...it's time for a full audit of the governments, both federal and provincial, I want specifics. There is so much waste in these governments that everyone wants to see exactly where our money goes.

We are over burdened by taxes..

Maybe Canadians could run our households the way the liberals run the government. Print money and keep borrowing. Seems to be working for the feds

Only half?

Maybe a vote for Poillievre would help

Meanwhile JustinTrudeau is raising taxes on already struggling Canadians while his government gives themselves big fat raises.

Well we shouldn’t be. Trudeau the mesiah said he was taking in debt so that we didn’t have to. Wtf happened to that?

But the Liberals have our backs! Where are our handouts?

Overwhelmed by taxes.

not according to the fucked up libs, we've never had it so good,

The Toronto Sun comment section always entertains, always focused on politics and blind to the corporate pimps.

That's what being stupid, being ignorant, and living above your means does to people.

The table is being set for the “great reset”. The excuse will be, we had to do it for your own good. Scary thing is the sheep will follow.

Thanks to ONE FEMALE

That is your Canada JustinTrudeau & theJagmeetSingh. They are very happy with both of you in the central committee of the communist party of the people’s republic. Canadians are struggling. They are not that happy with you.

Almost half of Canadian workers are spending more than they earn. Household budgets can't run a deficit.

Gee the federal liberals make it look so easy.

Instead of really working to make life more affordable, the Liberal government will continue creating more handouts so more and more people become dependent. Canadians have to want much better!

Carbon tax fix you right up!! 🥰

“I’m making Canadian’s lives better!” -Trudeau, as he announces a $40B deficit, raises carbon taxes again and takes a nice big $10K annual raise for himself

Turns out when you keep raising taxes and creating new ones, it tends to have a negative effect on the finances of your citizens

Stop your reckless spending

That's pretty good, I thought it would be much higher

How can this be? Jagmeet and Trudeau are saying they are putting more money in our pockets. Could they be lying to Canadians?

You will own nothing and be happy.

The perfect storm !

Trudeau and Freeland are going to make things all better. Haven’t you seen the Budget2023 🤦🏻‍♀️😂😂😂

Ah come now, it's Justinflation.

If the governments stopped increasing taxes, maybe Canadians could rebuild their finances, rather than getting back table scrap refunds.

Meanwhile Trudeau is overwhelming Canadians by increasing the federal debt.

Because you spend money like Trudeau, but aren't underwritten by the BoC. Vote smart. Vote Conservative.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 23. in HEALTH

Health Health Latest News, Health Health Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Debt, financial fears impacting Canadians’ mental health, survey finds - Terrace StandardThose with financial uncertainty rated significantly lower on Telus Health’s mental health index
Source: TerraceStandard - 🏆 24. / 68 Read more »

Island Health launches phone line for mental health and substance use supportsIsland Health is launching a phone number to connect people to information or services for help with mental health or substance use issues. Good . Now the liberals have a place to get the help they desperately need.
Source: CHEK_News - 🏆 59. / 55 Read more »

A new study finds almost half of Canadian workers overwhelmed by debtA new study revealed a Mental Health Index showing 26% of Canadian workers are unsure if they will be financially comfortable in the future.
Source: ottawasuncom - 🏆 4. / 92 Read more »

Alleged Quebec cop killer was on probation, had history of mental health problems | Globalnews.caCourt records show that Brouillard Lessard had been the subject of five not criminally responsible verdicts since 2014 for a variety of charges. Odd how many, if not most of these cases always have ‘a history of mental health problems’. Maybe it is time for their return… Justice runs after 'agressors' of 'presumed' victims of sex abuse and lgbtq shaming...cos it gets votes...... They got no time to waste on dangerous retards that plague the justice system . We need a special tribunal for these cases....not for sex offenders.....
Source: GlobalNational - 🏆 81. / 51 Read more »

Man suspected in death of Quebec police officer has history of mental-health issuesSuspect’s history highlights the challenges police, social services and family members face in dealing with people with a violent record and mental-health issues Unfortunately it will have to be accepted that some mentally I’ll people are not fit for society and will need to remain institutionalized- or accept more innocent people being knifed and killed
Source: globeandmail - 🏆 5. / 92 Read more »

Alleged Quebec cop killer was on probation, had history of mental health problemsMONTREAL — A Quebec man accused of killing a provincial police officer had a history of mental health issues and had been found not criminally responsible at… One more failure of woke lefty policies.
Source: calgaryherald - 🏆 64. / 52 Read more »