In today’s world, financial stability plays a crucial role in our overall wellbeing. Our Money and Mind Report explores the powerful connection between financial health and personal happiness. It offers clear, valuable insights into the concerns, priorities, and behaviours shaping how people manage their money - and their peace of mind - today.
Our research reveals that a significant portion of the population is deeply concerned about their finances, with over 60% of respondents expressing varying levels of worry. This concern is not just a fleeting thought; it profoundly impacts both mental and physical health. However, there is a silver lining: effective financial planning can be the solution. By adopting sound financial strategies and seeking the right support, individuals can alleviate financial stress and improve their overall wellbeing.
In today’s economic climate, which refers to the overall state of the economy including factors like employment rates, inflation, economic growth, and consumer confidence, financial concerns are a significant issue for many individuals.
0% of those surveyed, reported being concerned about their finances.
0% of those surveyed had no concerns at all about their finances.
0% who were concerned or very concerned, 51% were affected mentally.
These findings emphasise the need for comprehensive financial planning and support services. By addressing financial concerns and providing effective strategies to manage finances, we can help alleviate the mental and physical burdens that financial stress imposes on individuals. This, in turn, can lead to improved overall wellbeing and a better quality of life for those affected.
Vanessa Hubbard, Personal Wealth Adviser
The likelihood of individuals engaging in financial planning varies, and several barriers can hinder this process.
0% of those surveyed, believe that financial planning is only for the wealthy.
0% of those who would not consider making a financial plan think that it would cost too much.
0% don’t want to be sold additional financial products that they don’t need.
