Money Worries Cost UK Economy Up To £51bn A Year

  • UK workers’ poor financial well-being is having a significant impact on productivity
  • Savings as a proportion of income is the lowest it has been for nearly 60 years1
  • 40% (13 million) of employees worry about money all the time and 23% (7.5 million) don’t save at all
  • Addressing poor financial well-being in the UK’s workforce could boost GDP by 2.4% a year through increased productivity
  • Report recommends that Government and employers should be encouraged to treat employees’ financial health in the same way as physical and mental wellbeing
  • Research forms part of Yorkshire Building Society ambition to help 1.8m more people to save by 2024

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