Money talks | Why saving and structure is the key to financial wellbeing

A lack of savings and regularly running out of money before payday are leading to low levels of financial wellbeing and reduced productivity amongst the UK workforce.

Research carried out by Salary Finance has shown that 34% of working people regularly run out of money before their next pay packet, nearly a third of UK households have no cash savings at all, and 70% of us save less than £100 a month.

This contributed to four in every 10 people having financial worries – something than impacts both their personal and professional lives.

To understand how to support better financial wellbeing for workers Salary Finance has launched the Employer’s Guide to Savings based on a Financial Wellbeing Survey of 10,053 UK employees and a further survey of 2,000 Brits to understand rainy day saving habits.