TORONTO, Jan. 14, 2020 /CNW/ - Recent polls commissioned by Scotiabank revealed that Canadians spend on average of 2 hours a day worrying about their finances. Canadians age 18-35 worry the most about their finances, at 2.4 hours a day, while those aged 55+ worry an average of 1.4 hours a day.
"Many Canadians are feeling rudderless when it comes to managing their finances, as they try to balance savings and spending, while paying down debt," said D'Arcy McDonald, SVP, Retail Deposits, Investments, and Payments for Scotiabank. "They're increasingly seeking trusted sources of advice and support to make sense of the overwhelming amount of information available to them."
Key Poll Findings:
"The survey data suggests that a third of Canadians face some degree of financial stage fright from all the overwhelming options for saving and investing their money," continued Mr. McDonald. "Canadians can spark change and energize their finances starting with a few simple steps, like meeting with an advisor and creating a weekly budget."
Regional and Demographic Highlights:
The Financial Worry poll was commissioned by Scotiabank and conducted by Maru Blue on September 20, 2019. The online survey captured the opinions of 1,520 Canadians across the country.
The Scotiabank 2019 Investment Poll was conducted in January 2019 by Nielsen Consumer Insights between January 25 and February 3, 2019. A total of 1,012 completed surveys were collected from a random sample of panel members across Canada.
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