Financial struggles spark increased loneliness among adults: LV=

Women, young people and self-employed most effected

Hemma Visavadia
clock • 1 min read

As part of Mental Health Awareness Week (9–15 May), research by LV= has found that nearly one quarter (23%) of UK adults have felt lonelier in the last three months as a result of financial struggles and cost-saving measures.

According to the latest LV= Wealth and Wellbeing Monitor of over 4,000 UK adults, 28% of those that are struggling financially took steps to reduce their spending on socialising in the last three-months as inflation hit new heights. Meanwhile, those who felt lonely are reportedly more likely to be worried about money (59%) compared with the wider population (35%). For those feeling lonely, the research found they are more likely to want face-to-face mental health support (14%) compared with the general public (6%). The provider explained that the groups most affected by loneliness ...

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 Individual Protection

COVER Excellence Awards 2026: Final day to enter

COVER Excellence Awards 2026: Final day to enter

Awards ceremony on 10 November

COVER
clock 03 July 2026 • 1 min read
COVER Customer Care Conference 2026: In pictures

COVER Customer Care Conference 2026: In pictures

Event on 1 July

COVER
clock 02 July 2026 • 1 min read
COVER Customer Care Conference 2026: Roundup

COVER Customer Care Conference 2026: Roundup

COVER hosted its Customer Care Conference today (1 July, 2026), focussing on supporting customers beyond the policy.

Jaskeet Briah
clock 01 July 2026 • 5 min read