Financial anxiety eases
The number of UK adults who worry about money on a daily basis has fallen from 36% in 2013 to 31% in 2014, while the numbers in debt have fallen from 38% in 2013 to 36% in 2014.
The most anxious demographic is 18 to 24 year olds (46%), who are twice as likely to worry about their financial situation than over-65s (18%).
Dan Plant, consumer finance expert at MoneySuperMarket, said: “It’s great to see that the number of sleepless nights caused by money worries fell in 2014.
“That we’ve seen living costs, such as petrol and diesel prices decrease, coupled with an energy market which hasn’t raised prices this winter, is likely to have eased financial pressures for some households, and allowed us to unwind a bit.
“However, money troubles haven’t gone away and cause more stress than any other factor, particularly for younger people.
“Worrying about how you’ll make ends meet each month can really take its toll on your mental health so we want to raise awareness of the actions people can take to improve their finances and hopefully alleviate some anxiety.”
Two thirds of adults (69%) who are already financially anxious expect things to get worse in 2015, with 47% blaming the rising cost of living.