Mental health | UK workers now spend almost £200 a month on personal wellbeing

A recent national study has found that UK employees spend an average of £174 per month on wellbeing products.

The average is significantly higher in London, where workers spend almost £350 each month on wellbeing products.

The study, led by Canada Life Group Insurance, found that consumer interest in both long-term services and day-to-day wellbeing products is on the rise. Gym memberships have become increasingly popular with UK workers in recent years, as have health insurance and income protection plans.

Notably, workers between the ages of 18 and 34 (known to many as the millennial generation) spent more than double the national monthly average on wellbeing products throughout 2018 (£380). The research also revealed that women are much less likely to spend money on these insurance products compared to men (49% vs 31%).