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.
A new idea introduced by researchers at Canada’s Financial Wellness Lab could hold the key to reversing that trend.
Building Financial Resilience
The Building Financial Resilience Through Employer-Sponsored Emergency Savings Whitepaper, authored by Canada’s Financial Wellness Lab in partnership with the National Payroll Institute and CI Wealth, lays out a roadmap for how emergency savings accounts can transform financial fragility into financial resilience.
“For years, Canadians have been feeling the stress of falling further, and further behind financially.”
Author's summary: Payroll-delivered emergency savings accounts can help Canadians build financial resilience.