Expert insight | Why saving is the most desired financial wellbeing support in 2022

Why saving is the most desired financial wellbeing support in 2022

UK employees are facing unprecedented financial stress right now. Rocketing bills, inflation at a 40-year high and the soaring cost of everyday necessities have combined to create a cost-of-living crisis that shows no sign of ending anytime soon.

According to the Money and Pensions Service, 11.5 million people have less than £100 in savings to fall back on. It comes as little surprise, therefore, that help with saving is the financial wellbeing support employees desire the most from their workplace, according to Wagestream’s State of Financial Wellbeing 2022 report, which found that 50% of UK employees want products that help them save more than any other form of support.

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