Financial education is not enough
Manulife's latest Health and Wealth research shows that close to 50%
*
of professional
counsellors say it's diffi cult for people to reveal money issues mainly due to shame
and embarrassment.
These emotional barriers prevent them from improving their fi nancial situation, which can affect their
health, recovery and productivity.
As an industry, we need to address this fi nancial stigma. If we don't, employees won't be able to take
advantage of the education and resources available through their group plans.
Visit manulifehealthandwealth.ca to download our latest research on
the Emotional Barriers to Financial Wellness and how the industry
and employers can help clear the way.
* Emotional Barriers to Financial Wellness – 2017 study conducted by Manulife / Homewood; 46% of counsellors feel it is very
or somewhat diffi cult for clients to reveal money issues, mainly because of shame and embarrassment.
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