Nearly half of adults (47%) say that money worries affect their life, yet 49% say their employer does not do anything to help them understand their finances.
Following the government shake-up in the wake of Liz Truss taking over the reigns as Prime Minister, the new Chancellor Kwasi Kwarteng has today delivered his first ‘mini’ budget.
We are deeply saddened by the passing of Her Majesty, Queen Elizabeth II. Our thoughts are with the Royal Family at this sad time.
Half (50%) of 18–34 year olds say the increase in the cost of living has meant that they have reduced or stopped any regular savings.
The Association of British Insurers found an estimated 1.6 million pension pots are sitting unclaimed because they’ve been simply lost or forgotten about.
Jonathan Watts-Lay, Director, WEALTH at work, a leading financial wellbeing and retirement specialist, comments…
A survey of 2,000 UK adults was conducted by WEALTH at work, a leading financial wellbeing and retirement specialist. It asked people if there was anything they wish they had done differently when it comes to their finances, and what they wish they had known.
The cost of living crisis is affecting many people. Pay rises are one option to help people cope, but this is not always possible, and even if it is, companies are unlikely to be able to keep up with rampant inflation.
Over two fifths (42%) of UK adults say the increase in the cost of living has meant that they have reduced or stopped any regular savings.
A fifth (21%) of individuals have experienced someone trying to scam them out of their money, savings or investments.