More than a third of UK adults are stressed about money

Have you ever spent a sleepless night worrying about money? If you have, you aren’t alone.

A recent survey1 has found that financial anxiety affects many adults in the UK today. Money worries are cited as the main cause by those suffering from depression (28%) or anxiety (27%). 26% of those surveyed said that worrying about their finances stopped them from getting a good night’s sleep.

The Money Advice Service2 reports that one in six adults in the UK, an estimated 8.2 million people, live with debt worries. Not surprisingly, the analysis indicated a link between debt and having children; 19% of adults with one or two children were defined as over-indebted.

Their findings reveal that renters are twice as likely as those who own their own homes to feel that their debts are a burden. Around 16 million people in the UK rent their home with 4.1 million of them encountering debt problems.

If you are stressed about money then get in touch, we can help you get your finances back on track.

1 Aviva, 2016
2 Money Advice Service, 2016

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