2021 Financial Stress Index

Money Continues to be #1 Source of Stress; financial planners continue to make a real impact?

On June 22, 2021, FP Canada released the 2021 Financial Stress Index.?The index showed that #1 source of stress was again, money. Money outranked concerns over health (26%), work (20%) and relationships (15%). The findings are in line with survey results from 2020, 2018 and 2014.

The 2021 Financial Stress Index also shows that concerns over money have:

• Kept more than half of Canadians (51%) awake at night, and?
• Resulted in nearly a third of Canadians (31%) saying facing health issues, up significantly from 18% in 2020.?

However, the 2021 Financial Stress Index also showed that Canadians who worked with a financial planner were significantly more hopeful of their financial future than those who did not work with a financial planner. Those who work with a financial planner were:

• Significantly less likely to cite money was their top concern, compared to those who don’t work with a financial planner (23% vs. 39%)
• Far less likely to say the stress led to health problems, compared to those who did not work with a planner (20% vs. 31%).?

Is money stressing you out?

Are you ready to lose that stress and become more confident in where your life is headed?

You can set up an appointment at https://calendly.com/mjhfinancial/15-minute-introductory-meeting, to see how MJH Financial can help you.?

We look forward to easing your pain.