Sun Life Financial survey finds 45 per cent of Canadians are unhappy
TORONTO, Dec. 3, 2015 /CNW/ - Canadians are a happy bunch, but many find
themselves singing the blues about the state of their personal
finances. While 85 per cent of Canadians say they are happy, almost
half (45 per cent) say the level of debt they are carrying is making
them unhappy, according to findings from the 2015 Sun Life Canadian Health Index.
The survey also found that 90 per cent of couples, whether married or
partnered, said they were happy versus 76 per cent of single Canadians.
According to the survey, the top five factors that make Canadians
Debt load (45 per cent)
Level of disposable income (43 per cent)
State of the economy (41 per cent)
Finances (40 per cent)
My income (39 per cent)
"Debt continues to be the dark cloud causing distress for Canadians,"
says Cindy Crean, Managing Director, Sun Life Global Investments. "It
is not surprising that almost half of Canadians say finances, debt and
the fluctuating economy are major sources of their unhappiness. Having
a financial plan can help bring peace of mind and increase those
Though money worries brought unhappiness, an overwhelming number of
Canadians say their children bring them joy.
The top five factors that make Canadians happy are:
My children (87 per cent)
My spouse/partner, My family (tied at 80 per cent)
Providing care for my children (76 per cent)
My lifestyle in retirement, My home, My friends (tied at 74 per cent)
The amount of personal time I have (66 per cent)
The survey also found that more women described their lives as
fulfilling, having meaning and bringing them pleasure compared to men.
Canadians 65 and older also reported higher levels of happiness
compared to younger Canadians.
"We know that we will always worry about money and debt, but when it
comes to happiness, our data shows that personal relationships with
family and friends are a priority and bring us the most happiness,"
To see the full list of what makes Canadians happy and unhappy
About the survey
The results from the survey are based on the findings of an Ipsos Reid
poll conducted between June 15 and 23, 2015. A sample of 2,404
Canadians from 18 to 80 years of age was drawn from the Ipsos I-Say
Ipsos Reid employed weighting to balance demographics and ensure that
the sample's composition reflects that of the adult population
according to Census data and to provide results intended to approximate
the sample universe.
The precision of Ipsos Reid online surveys is measured using a
credibility interval. In this case, the survey is accurate to within
±2.3% at 95% confidence level had all Canadian adults been polled. All
sample surveys and polls may be subject to other sources of error,
including, but not limited to methodological change, coverage error and
About Sun Life Financial
Celebrating 150 years in 2015, Sun Life Financial is a leading
international financial services organization providing a diverse range
of protection and wealth products and services to individuals and
corporate customers. Sun Life Financial and its partners have
operations in a number of markets worldwide, including Canada, the
United States, the United Kingdom, Ireland, Hong Kong, the Philippines,
Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia
As of September 30, 2015, the Sun Life Financial group of companies had
total assets under management of $846 billion. For more information
please visit www.sunlife.com.
Sun Life Financial Inc. trades on the Toronto (TSX), New York (NYSE) and
Philippine (PSE) stock exchanges under the ticker symbol SLF.
About Sun Life Global Investments (Canada) Inc.
Sun Life Global Investments (Canada) Inc. brings together the strength
of one of Canada's most trusted names in financial services with some
of the best asset managers from around the world. With a focus on risk
management, our rigorous selection and monitoring process provides
access to leading asset managers who use insight and innovation to
manage high quality investment solutions for Canadian investors. Sun
Life Global Investments (Canada) Inc. is a member of the Sun Life
Financial group of companies. For more information, visit www.sunlifeglobalinvestments.com.
SOURCE Sun Life Financial Inc.
For further information:
Sun Life Financial