The Canadian Payroll Association conservatively estimates employee financial stress costs employers $16 billion annually. Yr Plans can be part of the solution. www.yrplans.com

1. FINANCIAL
STRESS IN THE
WORKPLACE

2. The following information relating to the impact of financial stress on
workers and their employers are results of the 2019 Canadian Payroll
Association Survey of 4,000+ working Canadians
About the 2019 Canadian Payroll Association National Payroll Week Survey
A total of 4,285 employees from across Canada, and from a wide range of industry sectors, responded to an online research survey between
April 24th, 2019 and June 18th, 2019, using a convenience sampling methodology. The survey was developed by the Canadian Payroll
Association and conducted by Framework Partners. The survey is consistent with a margin of error of plus or minus 1.3% 19 times out of 20,
but as a non-probabilistic methodology was used, a definitive margin of error cannot be expressed.

3. IMPACTS OF FINANCIAL STRESS IN THE WORKPLACE:
$BILLION
Financial stress costs
the Canadian economy
in lost productivity,
every, single, year!

4. Workers spend nearly
40-minutes each day,
distracted by financial
stress at work
out of
IMPACTS OF FINANCIAL STRESS IN THE WORKPLACE:

5. of Canadian workers are
so financially stressed
that their performance at
work is suffering
%
IMPACTS OF FINANCIAL STRESS IN THE WORKPLACE:

6. feel OVERWHELMED
by the amount that they owe
%
IMPACTS OF FINANCIAL STRESS IN THE WORKPLACE:

7. CAUSES OF
FINANCIAL
STRESS IN THE
WORKPLACE

8. CAUSES OF FINANCIAL STRESS:
admits that their debt has
increased since 2018
AND
out of
Are spending more than
their net pay
out of

9. of Canadian
workers are STILL
living paycheque-
to-paycheque
%
CAUSES OF FINANCIAL STRESS:

10. Would be unlikely to come
up with $2000 in the case
of an emergency
out of
CAUSES OF FINANCIAL STRESS:

11. Of those with credit card
debt say it will take then
more than a year to pay off.
%
%Of those with credit card debt
say it will take then more
than a DECADE to pay off.
CAUSES OF FINANCIAL STRESS:

12. Canadians are MOST
concerned about:
• Housing costs
• Interest rate increases
• Mortgage rates
CAUSES OF FINANCIAL STRESS:

14. PAYROLL HAS THE POWER TO HELP:
PAY
YOURSELF
FIRST
Workers are now
participating in a PAY
YOURSELF FIRST
program.
Only 55% of employers
offer such a program
out of

15. Of employees indicated
that they would be
interested in financial
education offered in the
workplace
%
PAYROLL HAS THE POWER TO HELP:

16. ORGANIZATIONS ACROSS CANADA
ARE BEING AFFECTED BY
FINANCIAL STRESS

17. 2019 EMPLOYEE SURVEY RESULTS:
BRITISH COLUMBIA
• $2 billion in lost productivity due
to financial stress
• 43% feel overwhelmed by debt
• 37% admit that their debt has
increased since 2018
• 46% are living paycheque to
paycheque
• 22% are participating in a Pay
Yourself First program at work
• 44% of employers offer a Pay
Yourself First program
• 78% are interested in financial
education offered in the
workplace

18. 2019 EMPLOYEE SURVEY RESULTS:
ALBERTA
• $2 billion in lost productivity due
to financial stress
• 46% feel overwhelmed by debt
• 30% admit that their debt has
increased since 2018
• 43% are living paycheque to
paycheque
• 38% are participating in a Pay
Yourself First program at work
• 64% of employers offer a Pay
Yourself First program
• 78% are interested in financial
education offered in the
workplace

19. 2019 EMPLOYEE SURVEY RESULTS:
SASKATCHEWAN
• $600 million in lost productivity
due to financial stress
• 50% feel overwhelmed by debt
• 40% admit that their debt has
increased since 2018
• 47% are living paycheque to
paycheque
• 26% are participating in a Pay
Yourself First program at work
• 51% of employers offer a Pay
Yourself First program
• 75% are interested in financial
education offered in the
workplace

20. 2019 EMPLOYEE SURVEY RESULTS:
MANITOBA
• $700 million in lost productivity
due to financial stress
• 54% feel overwhelmed by debt
• 36% admit that their debt has
increased since 2018
• 50% are living paycheque to
paycheque
• 13% are participating in a Pay
Yourself First program at work
• 38% of employers offer a Pay
Yourself First program
• 79% are interested in financial
education offered in the
workplace

21. 2019 EMPLOYEE SURVEY RESULTS:
ONTARIO
• $6.8 billion in lost productivity
due to financial stress
• 42% feel overwhelmed by debt
• 35% admit that their debt has
increased since 2018
• 44% are living paycheque to
paycheque
• 31% are participating in a Pay
Yourself First program at work
• 57% of employers offer a Pay
Yourself First program
• 78% are interested in financial
education offered in the
workplace

22. 2019 EMPLOYEE SURVEY RESULTS:
QUEBEC
• $2.7 billion in lost productivity
due to financial stress
• 24% feel overwhelmed by debt
• 21% admit that their debt has
increased since 2018
• 34% are living paycheque to
paycheque
• 38% are participating in a Pay
Yourself First program at work
• 56% of employers offer a Pay
Yourself First program
• 71% are interested in financial
education offered in the
workplace

23. 2019 EMPLOYEE SURVEY RESULTS:
ATLANTIC REGION
• $800 million in lost productivity
due to financial stress
• 43% feel overwhelmed by debt
• 28% admit that their debt has
increased since 2018
• 45% are living paycheque to
paycheque
• 29% are participating in a Pay
Yourself First program at work
• 60% of employers offer a Pay
Yourself First program
• 84% are interested in financial
education offered in the
workplace

24. www.payroll.ca
416-487-3380