How is f inancial stress a�ecting Canadians? A national survey conducted by Leger on behalf of the Financial Planning Standards Council (FPSC) has found that 42 percent of Canadians rank ‘money’ as their greatest stress. That stress is driving Canadians to lose sleep, reconsider past �nancial decisions, argue with partners and lie to family and friends.

87% of Canadians wish they had made better financial decisions earlier in life

Save more money / start saving earlier

Invest more / earlier / wiser

Spend less

Should have of obtained a better job / better paying job

Should have of bought a house / condo / property

Should have of accquired a better education

Nothing / don’t have any regrets

15%

10%

6%

5%

5%

5%

13%

Honesty about personal f inances

33%

25%

15%

National AverageMillennials VS

Friends

Family

Coworkers

Millennials are more likely than any other generation to lie about personal finances. 33% admit they've been dishonest with friends, 25% with family, and 15% with coworkers

17%

14%

9%

Are you in a relationship with shared finances?

Couples that share details about their personal finances argue significantly less about money than those who are less transparent (58% vs 30%)

Argue “rarely/never”

58% 30%

transparent not transparent

61% of Canadians (exlcuding Quebecers) are in a relationship with shared finances

Financial regrets

Financial success begins with a sound financial plan

Interested in the connection between health and personal finances, FPSC commissioned a three-year-long study of 15,000 Canadians from coast to coast. It revealed that Canadians with a financial plan in place, prepared with a qualified professional, were able to overcome financial stress and regain control over their financial future.

The study showed that those with comprehensive financial plans feel:

• More on track with their financial goals andretirement plans

• Their ability to save is vastly improved

• More confident that they can deal with financialchallenges in life, and

• Better able to indulge in their personalspending goals

Canadians with comprehensive financial plans reported higher levels of:

85%Financial well-being

62%Emotional well-being

45%Overall contentment

greater than those without a plan

Sources: FPSC, Leger: Financial Planning Report (2014) (Survey �ndings do not include Quebec) FPSC, The Strategic Counsel: Value of Financial Planning – Year 3 Report (2012)

40%losing sleep

17%anxiety

*51%losing sleep

**30%anxiety

**9%overwhelming

stress

3%overwhelming stress

• Earning more

• Increasing their share of jobs

• Living longer

• Becoming primary moneymanagers in the household

Women are:

Sources: *Leger, for Financial Planning Standards Council (FPSC)**Financial Finesse, 2011

Women report more f inancial stress than men

What’s stressing Canadians?

42%Money

23% Work

19%Personal Health

17%Relationships

42% of Canadians (excluding Quebecers) ranked ‘money’ as their greatest stress

Argue “rarely/never”

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