Highlights from the Jan 2020 report
The nation’s current mean money wellness score is 47 out of 100 which shows a slight underlying sense of negativity and uncertainty when it comes to how we feel about money. Positively, people are recognising that how they feel about money is critical to their overall wellbeing, however, many still focus more on other areas of personal wellbeing rather than financial wellbeing. Financial wellness remains generally unaddressed by the wellness industry, which is set to top £21 billion in 2020.
- 38% of us feel stressed out when we think about money
- brits are significantly more likely to prioritise mindfulness and meditation for their overall wellbeing than they are to take action on their financial wellbeing
- worrying about money is a widespread issue – crossing all age groups, life stages, demographics and income brackets. Social media is making us feel worse about our money, which is even more prevalent among younger people (up to 45% of 18-34 year olds)
- 2 in 5 (40%) Brits admitted that they would feel better if they realised others felt the same way as they did
- overall, first direct customers report less stress or anxiety about money than customers at most other major UK banks, but regardless, very few people are likely to turn to their bank with financial worries (just 1 in 8).
Read the full report: Money Wellness Index - Jan 2020 >
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