One in five adults have made panic-driven financial decisions

Link between financial education and levels of anxiety

Jaskeet Briah
clock • 1 min read

Around 39% of UK adults feel anxious when they think about money, which is affecting wellbeing, behaviour and decision making, according to Money Ready.

The financial charity surveyed 3,000 UK adults, finding that money worries were keeping adults up all night (21%), causing issues in relationships with their partners (15%) and causing them to withdraw from their social circle (14%). Additionally, 21% of adults reported having made "bad" and "panic-driven" financial decisions, such as taking on debt, to cope with the immediate stress and to try to solve their financial worries. Respondents also expressed shame in their lack of financial knowledge (27%), with barriers to taking action including finding learning more about money overwhe...

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