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

  • 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?


More on Group Protection

James Shattock, Legal & General

L&G promotes Shattock as managing director for UK protection

Currently commercial director for retail protection

Laura Miller
clock 27 November 2023 • 2 min read
 Credit: HM Treasury

Autumn Statement 23: Protection and health industry reaction

'Too focused on sick and disabled adults already out of work, rather than how to prevent the illnesses'

Jaskeet Briah
clock 23 November 2023 • 5 min read
Around 1.8 million workers suffer from work-related ill health

Around 1.8 million workers suffer from work-related ill health

677,000 new cases reported every year

Jaskeet Briah
clock 23 November 2023 • 2 min read