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.
New Whitepaper Released
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 implementing emergency savings accounts through payroll.
For years, Canadians have been feeling the stress of falling further, and further behind financially.
This solution aims to transform financial fragility into financial resilience for millions of working Canadians.
Author's summary: Payroll-delivered emergency savings accounts can reduce financial stress.
More News
- Trump continues retribution as prosecutors move towards John Bolton indictment
- Baby Emmanuel Case: Father pleads guilty to all charges, including murder
- Kansas Department of Labor Receives NASCIO 2025 State Information Technology Recognition Award
- The Victoria’s Secret Comeback V Had All Been Waiting For - V Magazine
- Baby Emmanuel's father pleads guilty to second-degree murder of his missing 7-month-old son
- Former DEA Agent Claims Cartel Bounties On DHS Agents Are Fake: 'Absolutely Absurd'
- Celtics bolster depth with another signing
- Seth Moulton says he will return, reject AIPAC donations in Senate campaign
- House files sweeping property tax cuts package for voters, not lawmakers, to approve or reject
- Feds promise to hire 1,000 RCMP personnel Canada-wide, changes to Criminal Code