Nearly 40% of Canadians are worrying more about their finances since COVID-19 began, spending an average of 16 hours a week worrying. Meanwhile, 28% of Canadians say that they do not spend any time worrying about their finances. Millennials age 18-34 (45%) are worrying more about their financial health since the start of the COVID-19 […]
Finance
How Money Savvy are You?
Disclosure: This is a partnered post with Tangerine Bank. However, all opinions and views on this post are 100% my own. November is Financial Literacy Month in Canada. This year marks the 10th anniversary of Financial Literacy Month. It is also a challenging time for many Canadians who may be struggling financially due to the COVID-19 […]
November is Financial Literacy Month in Canada
What is Financial Literacy Month November is Financial Literacy Month. During Financial Literacy Month, the Financial Consumer Agency of Canada (FCAC) engages with Canadians and works together with organizations from the private, public, and non-profit sectors to help strengthen the financial literacy of individuals and families. Throughout the month, organizations from across the country are […]
While one-in-five (18%) Canadians are better off, nearly two-in-five (39%) are worse off
According to the third annual BDO Canada Affordability Index, which examines how affordable life is in Canada, the COVID-19 pandemic has widened the affordability gap, intensifying economic disparities across the country. The survey revealed that more than twice as many Canadians are worse off financially due to the pandemic compared to those whose personal finances have improved (39% […]
Money, stress and the global pandemic
Canadians have ranked money as their greatest cause of stress in life (more than personal health, work and relationships) according to the latest chapter of the Financial Stress Index, by FP Canada™. The report is a follow-up to FP Canada financial stress studies from 2014 and 2018. The latest survey asked Canadians about life pressures arising from personal […]