Financial wellbeing worries surge among two thirds of UK working adults

YuLife research shows

Jaskeet Briah
clock • 2 min read

Two in three (64%) UK working adults are more worried about their financial wellbeing today than they were a year ago, a report from YuLife revealed.

According to the group life insurtech 40% of UK working adults cited the rise in the cost of living as the reason for their increased need for financial wellbeing support from an employer. Overall, 54% of HR professionals said the cost of living crisis has meant employers now offer more financial wellbeing support to staff than before. However, almost half (41%) of UK working adults stated their workplace does not have any policies and initiatives in place. YuLife's report is based on two surveys, carried out among 2,062 UK adults and 537 HR professionals by YouGov and HR Ninjas respe...

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 Group Protection

RAM partners with Reframe Cancer on group life offering

RAM partners with Reframe Cancer on group life offering

Available to employees with new and existing policies

Jaskeet Briah
clock 02 November 2026 • 2 min read
Budget 26: Government to remove tax rule on lump sum death benefits

Budget 26: Government to remove tax rule on lump sum death benefits

Applies to payments made on or after 28 October 2026

Jonathan Stapleton
clock 28 October 2026 • 1 min read
Two thirds of adults use AI to help with mental health

Two thirds of adults use AI to help with mental health

AXA Global Healthcare report

Jaskeet Briah
clock 16 October 2026 • 2 min read