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Chronic disease drug claims are growing 2-3 times faster for Gen ZGen Z antidepressant claims grew at double the rate of overall plan members across a three-year spanMental health disorders account for over 60 per cent
Original sourceSun Life's report highlights Gen Z's increasing mental health challenges, with chronic disease claims rising significantly. This evolving workforce demographic will impact business environments as mental health claims escalate, necessitating tailored health solutions to maintain workplace resilience.
The growing mental health crisis among a major workforce demographic can lead to increased insurance product demand, enhancing SLF's growth prospects, as seen historically when similar trends drove revenues up for mental health-focused insurance providers.
Consider buying SLF as demand for mental health solutions increases, boosting revenue in the next 6-12 months.
This report fits under 'Industry News' as it signals a significant shift in healthcare demand driven by demographic changes. Understanding these trends is crucial for investors focusing on the health insurance and financial services sectors.
TORONTO, Jan. 21, 2026 /CNW/ - According to a new report from Sun Life, Gen Z are facing greater mental health difficulties and increasing rates of chronic disease compared to other age groups. As the generation set to dominate Canada's workforce by 2030, their health challenges ripple through every workplace and community. Sun Life's newest report focused on Gen Z (those born between 1997 and 2012) draws on data from over 20,000 employers and 3 million plan members, providing critical insights shaping the future of Canadians' well-being.
Key findings from the report:
"Supporting Gen Z is essential for building resilient businesses and a stronger future for Canadians," said Marie-Chantal Côté, Senior Vice-President, Sun Life Health. "This generation is coming of age in a world shaped by economic uncertainty, climate anxiety and digital overload and it's clear that they need more than just a paycheque."
Chronic conditions on the rise
Factors such as climbing obesity rates, sedentary lifestyles and unhealthy diets are impacting the physical health of young Canadians. While the incidence of chronic disease among Gen Z employees is still much lower than that of older employee cohorts, Sun Life data highlights that the prevalence of chronic disease among young Canadians is rising, and by the time today's Gen Z employees reach middle age, chronic disease incidence could be significantly greater than today for those aged 40 to 59. The growth rates in chronic disease drug claims reveal a concerning trend:
Supporting and building resilience
Supporting Gen Z employees to manage their mental and physical health challenges is part of Sun Life's Purpose to help Canadians live healthier lives. Creating resilience, especially in the workforce, where much time is spent, starts with empowering employees to understand the supports available to them through their group benefits plans. Through options like Lumino Health Virtual Care, provided by Dialogue or flexible personal and health spending accounts, Sun Life delivers targeted health solutions designed to meet Gen Z where they are on their health journey.
"Canadians deserve health solutions that fit their real lives," said Côté. "We're giving them practical tools to support every stage of life, because nothing matters more than protecting your health."
To learn more about the emerging trends in Gen Z health and their impact on Canadian workplaces, read the full report here.
About Sun Life
Sun Life is a leading international financial services organization providing asset management, wealth, insurance and health solutions to individual and institutional Clients. Sun Life has operations in a number of markets worldwide, including Canada, the U.S., the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia and Bermuda. As of September 30, 2025, Sun Life had total assets under management of $1.62 trillion. For more information, please visit www.sunlife.com.
Sun Life Financial Inc. trades on the Toronto (TSX), New York (NYSE) and Philippine (PSE) stock exchanges under the ticker symbol SLF.
Note to editors: All figures in Canadian dollars
To contact Sun Life media relations, please email Media.Relations@sunlife.com
SOURCE Sun Life Financial Inc.
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