Cost of living | Why your mental health strategy needs to focus on financial wellbeing

By Jason Butler, Head of Financial Education at Salary Finance

Employees are struggling with financial wellbeing

We’re all going through a rough patch at the moment. It won’t be news to you that we’re facing escalating expenses which are putting millions of us through a cost of living squeeze.

Our recent cost of living research highlights that 53% of UK employees are struggling more with their finances since Covid-19 and 70% find themselves short by £600 annually – with 2 in 3 of those short by £1,200 each year.

Finances are affecting mental health & productivity

There’s an undeniable link between someone’s finances, their mental health and ability to be productive at work.