Women most likely to lose sleep over money worries - FPSC Study

According to a new national study conducted on behalf of the Financial Planning Standards Council (FPSC), women are significantly more likely than men to lose sleep over financial worries. While the study found that 42 per cent of Canadians (excluding Quebecers) rank money as their greatest stress, 51 per cent of women, versus 40 per cent of men, are more likely to stay awake at night mulling over their financial woes.

 

Health Canada places long-term stress on issues such as financial problems as a major contributor to adverse health complications. These can range from heart disease to mental health issues. Stress is also a risk factor in alcohol and substance abuse, as well as weight loss and gain. Stress has even been identified as a possible risk factor in Alzheimer’s disease.

According to financial author Kelley Keehn, there’s good reason to believe women are bearing the greater share of these health burdens. Women, she explains, have begun to take the lead in managing household finances.

“Although women have always controlled aspects of family finances, they are forefront more than ever before,” she says. “Women are also earning more, holding an increasing share of jobs and living longer.” (According to research commissioned by Toronto-Dominion Bank, widowed baby boomers outlive their spouses by an average of 16 years.)

Read the full article here: http://www.financialplanningforcanadians.ca/financial-planning/women-most-likely-to-lose-sleep-over-money-worries

According to a new national study conducted on behalf of the Financial Planning Standards Council (FPSC), women are significantly more likely than men to lose sleep over financial worries. While the study found that 42 per cent of Canadians (excluding Quebecers) rank money as their greatest stress, 51 per cent of women, versus 40 per cent of men, are more likely to stay awake at night mulling over their financial woes.
Health Canada places long-term stress on issues such as financial problems as a major contributor to adverse health complications. These can range from heart disease to mental health issues. Stress is also a risk factor in alcohol and substance abuse, as well as weight loss and gain. Stress has even been identified as a possible risk factor in Alzheimer’s disease.
According to financial author Kelley Keehn, there’s good reason to believe women are bearing the greater share of these health burdens. Women, she explains, have begun to take the lead in managing household finances.
“Although women have always controlled aspects of family finances, they are forefront more than ever before,” she says. “Women are also earning more, holding an increasing share of jobs and living longer.” (According to research commissioned by Toronto-Dominion Bank, widowed baby boomers outlive their spouses by an average of 16 years.)
- See more at: http://www.financialplanningforcanadians.ca/financial-planning/women-most-likely-to-lose-sleep-over-money-worries#sthash.is5MM6tH.dpuf

According to a new national study conducted on behalf of the Financial Planning Standards Council (FPSC), women are significantly more likely than men to lose sleep over financial worries. While the study found that 42 per cent of Canadians (excluding Quebecers) rank money as their greatest stress, 51 per cent of women, versus 40 per cent of men, are more likely to stay awake at night mulling over their financial woes.
Health Canada places long-term stress on issues such as financial problems as a major contributor to adverse health complications. These can range from heart disease to mental health issues. Stress is also a risk factor in alcohol and substance abuse, as well as weight loss and gain. Stress has even been identified as a possible risk factor in Alzheimer’s disease.
According to financial author Kelley Keehn, there’s good reason to believe women are bearing the greater share of these health burdens. Women, she explains, have begun to take the lead in managing household finances.
“Although women have always controlled aspects of family finances, they are forefront more than ever before,” she says. “Women are also earning more, holding an increasing share of jobs and living longer.” (According to research commissioned by Toronto-Dominion Bank, widowed baby boomers outlive their spouses by an average of 16 years.)
- See more at: http://www.financialplanningforcanadians.ca/financial-planning/women-most-likely-to-lose-sleep-over-money-worries#sthash.is5MM6tH.dpuf