Canadians employees aged 20 to 29 continue to have the lowest general well-being, with a score of 46.3 out of 100, according to a new report by Dialogue Health Technologies Inc.
The report, which analyzes data across five dimensions of well-being — including mood, stress, sleep, activeness and sense of purpose — found Canadians’ average well-being has remained low over the past 18 months with a score of 49.4 out of 100. Employees ranked lowest in the areas of sleep and activeness.
Nearly three-quarters (72 per cent) of young Canadians said financial stress has had at least one negative impact on their lives. Overall, respondents were most interested in seeking financial advice around budgeting (31 per cent), investing and saving (22 per cent) and tax reductions (12 per cent).
Read: Young Canadian employees have lowest levels of well-being: report
Half of Canadians reported their overall benefits plan doesn’t meet their needs and a third continued to view their mental-health benefits as insufficient. In addition, 53 per cent of those who have an employee assistance program said they’ve never accessed it.
However, after analyzing their well-being, eight in 10 Canadians said they plan to take action by adopting a trackable healthy habit targeting key lifestyle changes.
“With many Canadians losing sleep over common stressors such as finances, this has a cascading effect on lifestyle factors which impact mental health, physical health and overall well-being,” said Dr. Marc Robin, medical director at Dialogue, in a press release. “Increasing accessible support, especially through virtual means where mental-health care is just a phone tap away, helps Canadians manage their health and well-being before issues worsen.”
Read: 47% of Canadian employees relying on workplace benefits to improve well-being: report