Payroll-Delivered Emergency Savings Accounts Solution to Financial Stress
A new study reveals that emergency savings accounts, delivered through payroll, can transform financial fragility into financial resilience for millions of working Canadians.
Financial stress is costing Canadian employers nearly $70 billion in lost productivity each year.
Researchers at Canada's Financial Wellness Lab, based at Western, have introduced a new idea that could reverse this trend.
Key Findings
- The Building Financial Resilience Through Employer-Sponsored Emergency Savings Whitepaper outlines a roadmap for implementing emergency savings accounts through payroll.
- This solution can transform financial fragility into financial resilience for millions of working Canadians.
For years, Canadians have been feeling the stress of falling further, and further behind financially.
Author: The study provides a solution to financial stress.
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