Mental Health Week is here! Time to #GETLOUD

May 6, 2019

By Lucie Tedesco, Commissioner, Financial Consumer Agency of Canada

It’s Mental Health Week (May 6-12) and the Financial Consumer Agency of Canada (FCAC) is proud to be joining Canadians in communities and workplaces across the country in raising awareness about mental health. This week is a great opportunity to talk, reflect and #GETLOUD about an issue that touches us all, directly or indirectly.

At FCAC, we are passionate about protecting and educating financial consumers. We know that Canadians consistently rank money as their number one source of stress – higher than health, work or family obligations – and that it can negatively impact their mental and physical health, as well as their workplace productivity. This is why we work hard to help Canadians feel more in control of their money and debts.

One important focus for us has been to support and reach people at work. This is to capitalize on the fact Canadians workers have a strong appetite for financial education programs in the workplace, according to the latest research. For this reason, we have introduced a new online resource for employers to help improve the financial well-being of their employees. It offers strategies and resources based on best practices to help employers build financial wellness programs in the workplace. It addresses the reality that the financial stress employees experience can not only impact their physical and mental health, but also cost employers thousands of dollars in lost productivity each year.

This new resource also includes information for employees, including tools and resources to help them improve their money management skills, such as our interactive Budget Calculator. A budget is the foundation of financial well-being. It’s a simple but highly effective way to make sure you live within your means. No matter your situation in life, it’s important to keep track of where your money is going. It helps you to avoid unnecessary expenses, and can make you feel a lot better about your financial situation. When it comes to making ends meet, it pays to know!

This week, I encourage all Canadians to join the conversation on mental health by using the hashtags #GETLOUD and #GCMentalHealth. Let everyone know you care about and understand the importance of mental health.

Also, be sure to follow FCAC on Twitter, Facebook and Instagram for daily money management tips and tools, and to help spread the word about the importance of financial health on our overall well-being and happiness.

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