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Blog

22 June 2023
Author: Carrie Wong and Nandita Bijur

Via OMSAA's June Blog

Now more than ever Canadians are recognizing the importance of financial well-being – achieving peace of mind about our financial situation, feeling secure in our ability to absorb a money setback, and having the freedom to make choices that allow us to enjoy life. However, research shows that 63% of Canadians living on low-income are very concerned about their ability to meet basic expenses and that 54% of Canadians with income under $50,000 say they are in poor or terrible financial shape. Financial stress severely impacts our physical, emotional, and mental health.

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