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The Double Burden: Navigating Financial and Health Hurdles with Diabetes
The Double Burden: Navigating Financial and Health Hurdles with Diabetes Canada NewsWire ...
About this update from Sun Life Financial Inc.
[{"type":"text","content":"The Double Burden: Navigating Financial and Health Hurdles with Diabetes\n\n\nThe Double Burden: Navigating Financial and Health Hurdles with Diabetes\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\nCanada NewsWire\n\n\nSun Life data exposes unique long-term planning challenges for Canadians with diabetes1 in 3 respondents say living with diabetes makes it hard to save for the future28% delayed major life goals because of their conditionOnly 42% feel comfortable discussing their diabetes-related needs with a financial professionalTORONTO, Jan. 15, 2026 /CNW/ - Sun Life survey data sheds light on the financial challenges faced by Canadians living with diabetes and the unique needs of those navigating life with a chronic health condition. The data from 500 respondents, collected by Element54 on behalf of Sun Life, signals that when health and wealth intersect, it can feel overwhelming to balance current needs with long-term planning. Over three million Canadians are living with Type 2 diabetes1 and one in three survey respondents say that living with the illness makes it hard to save for the future.\n\"These findings serve as a wake-up call. They underscore the complex relationship between health and finances, particularly for those managing chronic conditions like diabetes,\" said Rowena Chan, President, Sun Life Financial Distributors (Canada) Inc. and Senior Vice-President, Retail Advice & Solutions. \"They also highlight the critical need for a more integrated approach to financial planning that considers a person's overall health and well-being.\"\nHolistic health and financial conversations\nThe survey also reveals significant knowledge gaps and communications barriers surrounding chronic conditions. Only 10 per cent of respondents know about diabetes tax benefits, and younger individuals, women and those with lower household income are less likely to feel comfortable discussing their health with a financial advisor. Stigma and fear of judgment are also key barriers preventing people living with diabetes from discussing health-related needs when consulting a financ...