Report: Employee financial stress is rising

We surveyed 815 employed Wealthsimple clients and heard how they feel about their current financial situations and the role their employers play.

We surveyed 815 Wealthsimple clients who were employed either part or full-time and asked them how they were feeling about their finances. 

What we found was a mix of bad and good. Like how employees are reporting increased financial stress (bad), but lower intent to change jobs (good). Or how there is a higher dissatisfaction with the amount being saved (bad), but a high level of confidence to cover an unexpected $500 cost (good).

We compared this research to our last report and found some interest trends! Grab the full report below and see how you could implement some of this data into your financial wellness program.

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Report sneak peak

Here are a few screen grabs from the report and what you can expect:

 


Our Wealthsimple for Business product is offered by Wealthsimple Inc., a registered portfolio manager in each province and territory of Canada. Assets in your Wealthsimple for Business account are held in an account with Wealthsimple Inc.‘s affiliated custodial broker, Wealthsimple Investments Inc. (WSII). WSII is a member of the Canadian Investment Regulatory Organization (CIRO). Customer accounts held at WSII are protected by Canadian Investor Protection Fund (CIPF) within specified limits in the event WSII becomes insolvent. A brochure describing the nature and limits of coverage is available upon request or at CIPF. Wealthsimple Inc. is not a member of CIRO nor a member of CIPF.

About Wealthsimple for Business

Wealthsimple for Business is the company’s group savings product. With Wealthsimple for Business, employers can build more competitive and personalized benefits packages by offering their teams low cost, digital access to group account types like Group RRSP, Group TFSA, Group FHSA, and Deferred Profit Sharing Plan (DPSP). Leading companies like Shopify, Cohere, Knix and more choose Wealthsimple for their group savings needs.

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