Canadian brokers amongst most stressed workers

Published: April 23, 2018

Updated: July 24, 2018

Author: Luke Jones



The stresses of the insurance business are affecting Canadians in the industry. A TD Bank Group survey released last Thursday suggests two-thirds (66%) of working Canadians feel moderate to high stress from their jobs. However, the situation is worse in insurance, where three quarters (76%) report the same levels of stress and are reaching for the stress ball more often.

Speaking to Canadian Underwriter have the study was finalized, a TD spokesperson said participants in the survey were asked which industry they were in and how much stress they felt (high, moderate, low, no stress or don’t know). Finance, Insurance, real estate, and social assistance reported the highest stress at 76% of people asked.

“Whichever way you choose to find balance in the daily grind, whether it’s a family vacation or starting a new hobby, investing in yourself doesn’t have to break the bank,” said Jennifer Diplock, associate vice president of personal savings and investing with TD Canada Trust, in a release. “It’s about setting a goal and managing your savings to ensure you have enough to refresh and re-energize yourself. Try setting up a ‘me’ fund and make regular contributions or, if you will receive a tax refund, use it as a starting point to help you achieve your goals.”

The TD Invest in Yourself Survey was a custom survey of 6,021 Canadians aged 18 and older. The results were based on responses from 3,653 working Canadians, including 260 in insurance.

TD offers the following tips to help Canadians invest in themselves:

  • Find your passion: Think about the activities you love doing and schedule time in your calendar to do them weekly or monthly. Don’t know what your passion is? Experiment by trying new classes, joining a new team or rec league, or organizing a group of friends to try new activities.
  • Use your tax refund: If you’re fortunate enough to receive a tax refund this year, like the 54% of Canadians who expect to, why not use it to invest in yourself? Taking a vacation or going back to school can be expensive, but your tax refund can help provide a start.
  • Take a staycation: Plan a vacation closer to home to do the things you’ve always wanted to do but have never gotten around to. For example, book a relaxing afternoon at a local spa, have a leisurely lunch at your favourite restaurant or explore the latest buzzed-about art exhibit. Staying close to home can be a more affordable option.
  • Start a ‘me’ fund: Investing in yourself should be treated like other items you’re saving for, like a car or new computer. Open a Tax-Free Savings Account that can help build savings faster and contribute to it regularly, or set up automatic transfers.