October Health – 2025 Report
55-64 Demographic in Canada
The leading cause of stress among Canadians aged 55-64 is financial concerns, particularly worries about retirement savings, managing debt, and meeting daily financial needs. Other significant sources of stress in this age group include health concerns, caring for aging parents or family members, and job insecurity for those still in the workforce.
How mental health affects the 55-64 demographic differently
Stresses That May Affect the 55-64 Age Group More than Other Ages
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Career Transitions or Retirement
Concerns about retirement, financial stability, and transitioning out of long-term roles can cause stress. Some may worry about their identity or purpose post-retirement. -
Age Discrimination at Work
Facing bias or being overlooked for promotions or opportunities due to aging can create workplace stress. -
Health Concerns
This age group often starts experiencing or worrying about chronic illnesses, physical limitations, or the need for preventive care. -
Caring for Aging Parents
Many in this age range act as caregivers for elderly parents, which adds emotional and financial strain. -
Empty Nest Syndrome
Adjusting to life after children leave home can lead to feelings of loneliness or a lack of purpose. -
Financial Pressures
Stress related to preparing for retirement, managing debt, or supporting adult children financially can be significant. -
Work-life Balance
Balancing career demands with caregiving responsibilities and personal goals can be challenging.
Suggestions for Employers
- Offer retirement planning and financial wellness resources.
- Facilitate open discussions on age inclusivity in the workplace.
- Consider offering mental health support like October’s digital therapy or wellness group sessions tailored to older demographics.
- Promote a work environment that values the skills and experience of older workers.
Data from October Health
What's driving mental health stresses for the 55-64 demographic in South African?
Proactive mental fitness for high performance staff.
Understand the stresses and workplace challenges of your staff and provide them with the tools to protect their productivity and mental health.