October Health – 2025 Report
55-64 Demographic in Canada
The leading cause of stress for the 55-64 age group in Canada is often financial concerns, including retirement planning, debt, and healthcare costs. Workplace stress related to job security and workload can also be significant in this group. Using tools like October’s digital group sessions focused on financial wellbeing and retirement transition can help employers support employees in this age bracket.
How mental health affects the 55-64 demographic differently
- Retirement Uncertainty: Concerns about financial readiness and timing of retirement can cause significant stress.
- Health Issues: Increased likelihood of chronic health conditions and managing healthcare costs.
- Job Security: Fear of age discrimination or being laid off may be heightened.
- Caregiving Responsibilities: Often balancing care for aging parents and sometimes grandchildren.
- Technology Changes: Stress from adapting to rapid technological advances in the workplace.
- Work-Life Balance: Desire to reduce work hours or transition roles while maintaining income and purpose.
Digital group sessions with October can help address these specific stresses by providing targeted support and coping strategies.
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.