A recent Scotiabank Worry Poll revealed that 3 out of 4 Canadians (75%) are spending, on average, 10 hours a week worrying about their finances. The results also showed that this is particularly impacting younger Canadians between the ages of 18-34, who are worrying an average of 12 hours per week, compared to those who are aged 55+ who worry just 6 hours per week.
"We've all been there – it's
The new Sleep Advisor tools by Scotiabank Advice+ include:
- Sleep Hotline: Canadians shouldn't lose sleep over their investments, so we created the hotline 1-833-SLE-EEEP to support their financial peace of mind and help them sleep better. During the day, they can call to receive banking advice on the phone or book an appointment with a Scotia Advisor for a tailored Advice+ Plan. The hotline is also filled with a few surprises to make the experience less stressful, including unique daytime and nighttime meditations. At night, customers can book an appointment to get advice or listen to a guided meditation if what they really need is something to soothe their financial worries and help them get to sleep.
- Sleep Advisor Hub: Whether it is a question about RRSPs, TFSAs, mutual funds, GICs, or other investment options, Canadians can search the updated Advice+ Centre on Scotiabank.com, where the articles and FAQs have been reorganized based on a customer's life stage, so it is easier to find the investment advice that is most relevant to them.
A recent survey by Scotiabank found that the majority of Canadians said they have basic or average investment knowledge (64%) and just over half (56%) can confidently explain the difference between a Registered Savings Plan (RSP) and Tax-Free Savings Account (TFSA) to their friends.
Regionally, residents of
31% of Canadians aged 18-34 say thinking about how much they will need for retirement keeps them up at night.
36% of Canadians said that they are hesitant to invest right now due to the rising cases of Omicron variant.
The top questions keeping Canadians up at night are how much they'll need for retirement (21%), how do they grow their investments (17%) and where do they start (11%).
Scotiabank's Sleep Advisor tools can help customers on a wide range of financial issues, across three main areas:
- Getting started – Simple step-by-step guides to financial planning, investing, budgeting and more
- Planning for life – Finding the right financial advice for what is happening in your life today, such as retirement, becoming parents, or starting a business
- Banking 101 – Learning more about common banking tasks and products from Scotia's finance experts
Methodology
These findings were gleaned from two recently conducted national surveys conducted by Maru Public Opinion– one of 1,510 (
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SOURCE Scotiabank
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