Economic uncertainty, underemployment and other financial concerns are taking a toll on young Canadians’ mental health, a survey for Sun Life Financial Canada found.
A surprising 90 per cent of people between 18 and 24 years of age feel excessive stress compared to 72 per cent of all adult Canadians, according to the Sun Life Canadian health Index study.
Kevin Dougherty, president of Sun Life Financial Canada, found the statistic “surprising” saying “I think it points to what’s going on in the economy and the pressures on young people today.”
The study confirms what Sun Life is seeing in its long-term disability business, he said. Some 40 per cent of claims by young people are related to mental health issues, such as depression and anxiety. That’s up 10 per cent since the start of the recession.