If households are this financially stressed now, how much misery is coming as rates rise?

by Eloise Duncan | Oct 10, 2018 | Financial Health, Financial Resilience, Financial Wellness, Women Financial Health

Two weeks ahead of what will likely be the next leg up for interest rates comes a warning of how much stress households already feel about money. Updating its Financial Health Index for 2018, a firm called Seymour Consulting concludes that money-related stress is...

The Path to Wellness

by Eloise Duncan | Mar 16, 2018 | Financial Health, Financial Resilience, Financial Wellness

There are many factors affecting employee wellness and financial stress is one of them. However, there are also many things a credit union can do to help staff cope with life’s challenges. By Alexandra Samur Employees across industries report being more stressed than...

REPORT: B.C. women are financially stressed, stretched and under-resourced

by Eloise Duncan | Mar 7, 2018 | Financial Health, Financial Resilience, Financial Wellness, Vancity, Women Financial Health

March 7, 2018, Coast Salish Territory/Vancouver, B.C. – B.C. women worry more than B.C. men about their finances, with 52% experiencing “extreme emotional stress” and 59% feeling unsatisfied with their financial situation, according to a new Vancity...

Canada has a strong foundation for financial happiness. So why is the mood so dark?

by Eloise Duncan | Dec 12, 2017 | Financial Health, Financial Resilience, Financial Wellness

There’s lots to celebrate in Canada from a financial point of view as we head into the final weeks of 2017. Unemployment is down, wages are up, stocks are chugging along and houses have held the value they’ve built up in the past decade. We have a strong...

OECD Warns on Rising Debt Risk as Canadians Most in the Red

by Eloise Duncan | Nov 27, 2017 | Financial Health, Financial Resilience, Financial Wellness

OECD Warns on Rising Debt Risk as Canadians Most in the Red Further evidence that financial stress is now a mainstream issue. As reported in our white paper series, increased debt loads are putting Canadians in financially precarious situations. The OECD warned that...

One in two Canadians is a bundle of nerves about money

by Eloise Duncan | Nov 16, 2017 | Financial Health, Financial Resilience, Financial Wellness

We spend, we worry about money, we spend some more. Why do we do this to ourselves? A recent survey of 5,200 people by a financial services consulting firm has uncovered a staggering level of repressed financial stress. Forty-seven per cent of participants agreed that...