Financial worries impact mental wellbeing for more than half of UK adults new report shows
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Financial worries impact mental wellbeing for more than half of UK adults, new report shows
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Last Updated on 9th April 2026
A new report from Schroders Personal Wealth (SPW)* has revealed that a significant portion of the population is deeply concerned about their finances, with 62% of respondents expressing varying levels of worry.
The Money and Mind Report 2025, which surveyed 1,000 UK adults to understand attitudes to finances and wellbeing, shows that financial concerns profoundly impact both mental and physical health. Those aged 35-54 were more concerned about their finances than older age groups, highlighting the challenges of balancing multiple financial responsibilities while potentially facing career uncertainties
For those with financial concerns, 79% reported that this affects their mental wellbeing, underscoring the importance of proactive financial management. 29% of those concerned indicated that financial worries affect them both mentally and physically, manifesting in symptoms such as sleep disturbances, headaches and other stress-related physical ailments.
41% of those surveyed said they have made sorting out their finances a top priority, a 5% increase from 2023. However, while 55% of respondents said they were likely to create a financial plan, only 8% currently had one in place. Loved ones were found to be the most common source of support for those with financial concerns, while just 6% consult a professional financial adviser, highlighting a gap in professional financial guidance that needs to be addressed. The report found that 22% believed financial planning would be too expensive, underscoring the importance of affordable, accessible financial advice to help people manage their money better and reduce any negative impacts on wellbeing.
Achieving financial goals requires more than just good intentions; it needs a well thought-out plan and the right guidance. As financial advisers, our role is to help clients navigate the complexities of financial planning, from budgeting and saving to investing and retirement planning. We provide the expertise and insights needed to make informed decisions that align with their long-term objectives. By working with a financial adviser, individuals can gain clarity on their financial situation, set realistic goals, and develop a plan that aims to achieve them. This personalised approach ensures that individuals are not only prepared for the future but also able to enjoy peace of mind knowing they are on the right path.
Alice Harmer, Personal Wealth Adviser
*As of 9 October 2025, Schroders Personal Wealth became a fully owned subsidiary of Lloyds Banking Group, and became Lloyds Wealth on 5 May 2026.
