Financial Struggles Impacting Canadians' Mental Health Amid Economic Uncertainty

Krissy Vann | Host, All Things Fitness and Wellness

As economic worries continue to grip Canadian households amid rising inflation and financial uncertainty, a recent poll conducted by Mental Health Research Canada (MHRC) has unveiled the significant toll this is taking on mental well-being.

According to the MHRC poll, 39 percent of Canadians acknowledge that economic challenges are negatively affecting their mental health. The survey, which collected responses from 3,819 participants between July 27 and August 13, reveals that concerns range from personal debt due to inflation (24 percent) to anxieties over housing affordability (23 percent) and worries about putting food on the table (37 percent).

This report arrives against the backdrop of ongoing economic concerns, including recent decisions by the Bank of Canada regarding interest rates.

While the financial challenges are undeniable, it's crucial to acknowledge that movement and exercise can be valuable tools in coping with the associated anxieties. Engaging in regular physical activity, even in modest ways, has been shown to alleviate some of the symptoms of anxiety and stress.

While there's no quick fix for the broader financial issues Canadians face, incorporating movement into daily routines can be a helpful step in managing anxiety. Whether it's a brisk walk, a short yoga session, or a few minutes of deep breathing exercises, these activities can provide a sense of control and relief during uncertain times.

In this challenging context, it's essential to remember that small steps towards better mental health, including incorporating movement into our lives, can make a significant difference. Supportive resources and guidance are available to help Canadians navigate these difficult times and prioritize their mental well-being.

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