This summer, Manulife Bank surveyed Canadian homeowners and renters to uncover money confessions about debt. The survey revealed that money issues have a considerable impact on Canadians’ relationships and mental health.
- Half of Canadians in debt are stressed about their level of debt and worrying about debt keeps one in three up at night
- 30% of married/common law couples in Canada confess to relationship issues caused by debt
- 40% of Canadians with debt confess it’s negatively impacting their mental health
- Of those who say they have a lot of debt, 85% feel it causes stress and 75% find it difficult to deal with unexpected financial changes
Debt shouldn’t impact relationships and mental health. Start talking about debt management today.
If you want to read more about the dark side of debt, check out Millennials Are Generation Screwed, So What Can We Do About It?
If you want to know what to do about debt, read Avalanche Method vs. Snowball Method: Which Payoff Method Is The Best?