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.
New Research Findings
Researchers at Canada's Financial Wellness Lab, based at Western, have introduced a new idea that could reverse this trend.
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.
Key Benefits
- Transform financial fragility into financial resilience for millions of working Canadians
- Reduce financial stress and increase productivity
Author's summary: Payroll-delivered emergency savings accounts can help Canadians achieve financial stability.
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