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.
Key Findings
- The Building Financial Resilience Through Employer-Sponsored Emergency Savings Whitepaper lays out a roadmap for how emergency savings accounts can transform financial fragility into financial resilience.
- The whitepaper is authored by Canada’s Financial Wellness Lab in partnership with the National Payroll Institute and CI Wealth.
“For years, Canadians have been feeling the stress of falling further, and further behind financially.”
Author's summary: Payroll-delivered emergency savings accounts can transform financial fragility into resilience.
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