Financial pressure is now the “leading cause of stress” amongst UK professionals

A study of 2,600 UK employees, conducted by Sheffield based workplace specialist Champion Health, has revealed that financial pressure is the leading cause of stress, with 34 per cent citing it in a survey.

Data gathered in the last eight months shows that financial woes have now overtaken relationships as the leading cause of stress for employees, when compared with Champion Health’s previous report.

The data released today by the global employee wellbeing platform, provides an insight into how the cost of living is affecting the mental health and wider wellbeing of the country’s working population between October 2021 and June 2022.

The data, published in the Cost Of Living Crisis report, which includes authors from Champion Health and its newly formed Global Wellbeing Advisory Board, including Global Head of Health and Wellbeing for Ocado, Arti Kashyap-Aynsley, is dedicated to exploring how the cost of living and rising financial stress affects the wellbeing of UK professionals.

The report revealed that financial stress is also affecting productivity at work; more than one-in-ten of all employees say financial stress is hindering their ability to perform their job.

Harry Bliss, CEO and co-founder of Champion Health, said: “The last six months have been extremely tough on every employee, and I’m extremely concerned by the results of this report. Just as the world began to return to something resembling normality, new global crises have emerged, resulting in increased stress on the wellbeing of our people.

“What we’re seeing is a workforce under continuous pressure, both financially and mentally. From the rising cost of living to the long shadow cast by a new war in Europe, organisations must do more to support their people.

“We need to see a significant step-up in the amount of investment made not only in improving financial wellbeing, but employee wellbeing too. As the data shows, financial wellbeing, mental health and physical health are all intrinsically linked.

“I call on leaders to address these challenges holistically, through a personalised approach for each employee.”

By Matthew Neville – Correspondent, Bdaily

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