Third of working adults are stressed about meeting their immediate financial needs: Fidelity

Covid-19 pandemic sparks feelings of stress, anger, and fatigue

clock • 2 min read

One in five working adults who said they felt stress, anger and fatigue did so due to a loss of income over the past year, while more than half (56%) felt the same way due to the Covid-19 pandemic, according to research from Fidelity’s Global Sentiment survey.

The research, which surveyed 1,000 UK working adults aged 20-75 with a minimum household income of £10,000, revealed more than a third (36%) are stressed about meeting their immediate financial needs such as food, mortgages or rent, and utilities, rising to 52% of workers in their twenties.  A quarter (25%) have spent more than they can afford over the last six months, Fidelity found, while a third (31%) are concerned about paying down debt.  Young workers in particular are struggling, with over a quarter (28%) of those in their twenties describing their day-to-day finances as...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Adviser / Broking

Reassured promotes Beth Whelan to chief strategy and data officer

Reassured promotes Beth Whelan to chief strategy and data officer

Formerly data and transformation director

Jaskeet Briah
clock 20 August 2025 • 1 min read
New CEO for The Openwork Partnership

New CEO for The Openwork Partnership

Rob Barker takes the role

Jen Frost
clock 13 August 2025 • 1 min read
Stonebridge appoints Tim Miller as COO

Stonebridge appoints Tim Miller as COO

Heads up risk policy and audit

Jaskeet Briah
clock 11 August 2025 • 2 min read