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