Money and Mind Report
In a world where financial stability is key, our Money and Mind report uncovers the vital link between your finances and overall wellbeing. This comprehensive report delves deep into the intricate relationship between financial health and personal happiness, offering valuable insights into the concerns, priorities, and behaviours shaping how people manage their financial journeys today.
We want everyone to be aware of the importance of having a good financial plan in place, and to understand that being in control of your finances can reduce stress and improve financial wellbeing.
Our research reveals that a significant portion of the population is deeply concerned about their finances, with over 60% of respondents expressing varying levels of worry. This concern is not just a fleeting thought; it profoundly impacts both mental and physical health. However, there is a silver lining: effective financial planning can be the solution. By adopting sound financial strategies and seeking the right support, individuals can alleviate financial stress and improve their overall wellbeing.
We hope that the insights from this report will inspire meaningful conversations and actions towards a more financially stable and mentally healthy future for you.
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Discover ways to improve your financial wellbeing according to Schroders Personal Wealth. Learn about financial wellness, planning for the future, and the value of professional financial advice to help achieve your goals in 2025 and beyond.
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View our previous Money and Mind Reports
2020 report
Our inaugural report was published in response to raising awareness of mental health and general wellbeing in recent years. Like us, many businesses are placing mental health at the top of their wellbeing agendas.
The findings of our report highlighted the financial issues that keep people awake at night demonstrating that more needs to be done to encourage stronger engagement with long-term financial planning. We firmly believe this will improve the financial wellbeing of the nation.
2022 report
Our 2022 report was published as the UK was emerging from the Covid-19 pandemic to 30-year high inflation rates and increasing interest rates.
Despite uncertainties that existed around the world, our findings revealed that a quarter of the UK population were able to save more as a result of the pandemic and lockdown restrictions. Additionally, 24% said that due to the uncertainty they would be more likely to create a financial plan, and 15% were more focused on improving their financial security.
2023 report
Our latest report looks at how financial wellbeing has changed since our initial report in 2020. Perhaps unsurprisingly the number of people with money worries is still high.
A personalised financial plan could help alleviate these concerns , yet our research highlights that of those surveyed who are unsure about making a financial plan, 83% don’t see the value of getting professional advice to help them. It's our mission to change that with simple, accessible and affordable advice.
Let's start with a free initial consultation
We'll begin with a free, no obligation conversation to understand if our service is right for you. There are no hidden fees or charges, and you’ll only pay if you choose to go ahead with the recommendations in your personalised financial plan.