In the UK, search phrases like ‘I can’t afford my bills’ (+400) and ‘I am always worried about money’ (+300 percent) have risen dramatically in the last 90 days. These figures illustrate that money has a significant influence on mental health across the country.
In reaction to these findings, Lowell, a credit management business, performed research into the financial difficulties that Britons are experiencing.
Difficulty faced as a consequence of finances | Percentage of Brits impacted |
The ability to save money | 27% |
Mental health (stress/anxiety/depression) | 22% |
Lost sleep due to stress | 21% |
The ability to pay bills | 18% |
Slept more to avoid problems | 13% |
Relationship with partner | 11% |
Relationship with family | 10% |
Relationship with friends | 9% |
Weight loss | 8% |
The loss of housing | 8% |
According to Lowell’s research, nearly a quarter of Britons (27%) struggle to save money owing to their financial position. Over one-fifth of Britons (22%) indicated that money issues have had a direct influence on their mental health, and that they’ve experienced stress, worry, or despair as a result of their financial difficulties. In today’s atmosphere, especially with the cost of living problem, this is quite concerning.
The study also found that 21% of Britons are missing sleep owing to financial stress, and almost one-fifth (18%) have failed to pay their expenses.
See how HealthBoxHR can help your organisation check-in with your employees on a regular basis as well as provide the means for your employees to indicate their mental health status & if any help is necessary from the HR department – have a look at our Performance & Mental Health Management features!
According to a new study from The Open University, 69% of firms are having difficulty finding employees with adequate digital skills.
According to the study results, the majority of employers (77%) believe they have a digital skills gap in their organization and are struggling to hire new personnel with suitable digital abilities and upskill their present employees.
In the UK, search phrases like ‘I can’t afford my bills’ (+400) and ‘I am always worried about money’ (+300 percent) have risen dramatically in the last 90 days. These figures illustrate that money has a significant influence on mental health across the country.
In reaction to these findings, Lowell, a credit management business, performed research into the financial difficulties that Britons are experiencing.
