MoneySuperMarket: Brits stressed about meeting mortgage payments

Jake Carter

April 7, 2021

MoneySuperMarket asked the British population to rate a range of financial events on a stress scale of one to 10, and found that repossessions and evictions due to an inability to pay rent or the mortgage both stood in second place at 7.7 out of 10.

Next on the list at 7.5 out of 10 was the stress of being unable to pay a rental or mortgage payment when it was due.

Being unemployed but still needing to pay bills was the most stressful financial concern for respondents, at 8.1.

The research found that 39% of respondents found discussing their finances made them feel stressed, while 52% said that thinking about their finances made them feel anxious.

Nearly a third (29%) of Brits constantly check their bank apps out of anxiety and concerns about job security, and 23% are worried about having a lack of savings for emergencies.

Sally Francis-Miles, money spokesperson at MoneySuperMarket, said: “Money worries often cause anxiety and stress, especially in the current pandemic where entire industries have been forced to shut.

“There is, however, rarely a financial situation that is beyond help either through tweaks to cut costs, government support or from debt help charities.

“The key is regaining control of something you may feel is anything but. And this is the reason we created our money stress tool.

“If you know your triggers and your relationship with money, you can identify the areas you can make improvements.”

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