Financial anxiety linked to the rising cost of living is now a major concern across the UK, with almost half (47%) of people saying ongoing price increases are their main source of stress.
This is according to a global study by Cigna Healthcare, which surveyed more than 11,000 adults across 13 countries. It found that 70% of UK respondents experience stress every week. Meanwhile, only three in 10 feel they have the financial freedom and opportunities needed to support themselves.
It also found that uncertainty about the future is a source of stress for 39% of UK respondents, while 32% are concerned about their personal finances, with these pressures contributing to a range of health problems that are often overlooked and more severe than the global average.
According to Cigna, employers can help by providing financial wellbeing support, improving access to mental health care and creating flexible, supportive workplaces that reduce stress and support long-term business success.
Cigna Healthcare chief medical officer, International Health Dr. Stella George says: ”This extends beyond typical daily pressures. Experts are increasingly recognising how chronic stress can contribute to a variety of significant, often overlooked health issues, which can lower vitality.
“The constant ‘flight or fight’ response caused by stress can disrupt sugar regulation and increase blood pressure, suppressing the body’s natural defences. Financial stress isn’t just about debt; it’s manifesting in these surprising physical and mental health symptoms that businesses and individuals are only just beginning to grasp.”
According to the Cigna Healthcare International Health Study, among Brits who indicated they are stressed, more than half report disrupted sleep, and nearly 2 in 5 say it has impacted their ability to concentrate on tasks.
Cigna Healthcare CEO, Global Health Benefits, International Health Wendy Sherry says: “This is broader than personal struggle; it’s a societal challenge with considerable implications for our workplaces. When nearly half of the workforce is stressed by the cost of living, the cost of inaction for businesses is immense – in presenteeism, absenteeism, and ultimately, lost talent.
“Employers must act, recognising that employee vitality, particularly financial well-being, is a strategic imperative for business continuity and growth.”
