financial wellbeing

The Credit Counts survey, part of the Adult Financial Wellbeing Survey 2021, looked at the number of adults who often use a credit card, overdraft or borrow money to buy food and other essentials or pay bills because they’ve run short of money. It showed that while the number of people relying on this was higher in individuals on low incomes, there were also differences between age...

The Money and Pensions Service’s (MaPS) Chief Executive, Caroline Siarkiewicz, discusses why focusing on financial wellbeing is even more important in the wake of recent cost-of-living increases. Many people are worried about money right now, yet research shows that just talking about it can help to build a sense of overall wellbeing. Talk Money Week aims to encourage these money...

The Money and Pensions Service’s (MaPS) Propositions, Insights and External Engagement Director, Sarah Porretta, on the importance of financial education for children and resources available to schools and families during Talk Money Week. This week we’re working to turn talking about money from one of the UK’s least favourite topics into something that becomes as natural and familiar as...

A fifth of UK adults have sought free help, money guidance or debt advice. One in four have spoken to companies about extra support, e.g. energy suppliers. Young people are the most likely to need help. Free money guidance and debt advice is available, but one in five don’t know where to find it. More than 11 million people across the UK have looked for money...

Half of people living with a mental health problem have less than £100 in savings and over a third don’t have any, new research from the Money and Pensions Service (MaPS) suggests.  Over a third have no savings. They’re twice as likely to have no savings as people who don’t live with a mental health problem. Two thirds are anxious about how much they owe on credit....

Overall, a quarter of UK adults have less than £100 put away. Almost half of people who use credit are anxious about how much they owe. A third are anxious about the number of credit products they have. Free help is available, but four in five people still struggle to talk about money. Nine million people across the UK have no savings and another five million have less than £100,...

As people approach later life, they need to know how much they should be saving into their pension and what options they have for accessing it. As part of the UK Adult Financial Wellbeing Survey 2021, the Money and Pensions Service (MaPS) examined attitudes and actions relating to planning for retirement and later life. In particular, MaPS looked at the amount individuals have done to plan...

The link between money and mental health is well established; money worries can make existing mental health problems worse or cause new ones. As part of the Adult Financial Wellbeing Survey, the Money and Pensions Service (MaPS) looked at the groups most affected by mental health problems and how their financial wellbeing is impacted. Mental health problems can impact a person’s ability to...

Being a ‘regular saver’ is an important stepping stone to improving financial wellbeing. In conjunction with other attitudes and behaviours with money, it can make a big difference to people’s lives. As part of the Adult Financial Wellbeing Survey, the Money and Pensions Service (MaPS) looked at the links between regular saving and financial wellbeing, with the results showing – among...

The Money and Pensions Service (MaPS) has announced the appointments to its Board of four new non-executive directors. Marlene Shiels, Monica Kalia, Sara Weller CBE and Simon Hamilton will join the MaPS Board from 1 September 2022. Non-Executive members of MaPS Board are responsible for providing appropriate oversight, governance and direction to MaPS in pursuit of its statutory...

UK Adult Financial Wellbeing Survey 2021: Credit Counts

Why financial wellbeing initiatives are more important than ever for businesses and individuals

Talking money with children and young people during Talk Money Week and beyond

Rising cost of living sees over 11 million people seek money help in the last three months

Half of people living with a mental health problem have less than £100 in savings

One in six UK adults have no savings

UK Adult Financial Wellbeing Survey 2021: Future Focus

UK Adult Financial Wellbeing Survey 2021: Mental Health Report

Nation of Savers: A report from the UK Adult Financial Wellbeing Survey

The Money and Pensions Service announces appointments of new non-executive directors

Managing money in uncertain times