Key Findings:

Economic pressures are taking a serious toll on youth mental health. Financial uncertainty and limited job opportunities are driving stress and anxiety among youth. Many are struggling to stay hopeful about their futures, and those facing systemic inequities are at even greater risk. 

Financial insecurity is widespread and worsening. Only one in five youth feel financially secure, and many spend half or more of their income on basic necessities. Among underemployed or equity-deserving youth, financial stress is even more severe, contributing directly to anxiety and poor mental health.

Financial strain is shaping how youth see their future. A majority believe that no matter how hard they work, larger economic forces will determine their financial stability. Cost of living, debt, and limited career options are now seen as top obstacles to the life they aspire to build.

Barriers to mental health care remain high, especially for equity-deserving youth. Young people are more likely than older adults to describe their mental health as poor, yet cost, navigation, and difficulty finding the right support prevent many from getting help. For racialized and 2SLGBTQ+ youth, the lack of culturally relevant care is a major additional barrier.

The youth mental health crisis has economic and social consequences for Canada. When financial stress and unmet mental health needs converge for an entire generation, it affects more than individual well-being, it limits innovation, productivity, and Canada’s long-term economic resilience.