Economy takes toll on 'life priorities'
20/02/2012
The UK's gloomy economic current is taking its toll on consumers' wellbeing, research suggests.
According to a survey by Scottish Widows, people are neglecting essential life concerns, including their finances, health and relationships, to the detriment of their happiness.
Money worries are a particular concern.
Nearly four in ten Brits (38 per cent) admit to a lack of financial security, which 33 per cent attribute to an insufficient income.
It is perhaps unsurprising, given the widespread UK unemployment and 'under-employment' - resorting to temporary and part time work because full-time employment is not available.
Some 21 per cent said they were simply "too deep in debt" to describe themselves as financially secure.
In addition, just under half of respondents (44 per cent) stated that they had no time to devote to their health and fitness, and 14.2 million admitted that they were neglecting their home life.
Catherine Stewart, saving expert at Scottish Widows, says that consumers should try to take even minor steps towards addressing their problems.
"Often one small change can have a positive domino effect and make a huge difference," she said.
Ms Stewart recommended reviewing finances and debt management as a key place to start.
She advised assessing the household's weekly spend to see where savings can be made.
Posted by Jacqueline Duxbury
Related News
New £5.9m scheme unveiled for cash-strapped Londoners
Money worries take toll on nation's pet owners
Protect children's futures with Junior ISA
Fuel poverty remains 'one of the biggest social issues'
Britons must discuss money matters with a partner
