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...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Directly authorised numbers fall as networks continue to attract advisers

Directly authorised numbers fall as networks continue to attract advisers

‘The DA market is shrinking’

Isabel Baxter
clock 12 March 2026 • 3 min read
Almost half of clients report increase in advice fees

Almost half of clients report increase in advice fees

One of five advisers plan to increase initial fees in next 12 months

Isabel Baxter
clock 12 March 2026 • 2 min read
Treasury Committee launches inquiry into student loans

Treasury Committee launches inquiry into student loans

‘This inquiry is about fairness’

Isabel Baxter
clock 12 March 2026 • 2 min read