About us
We know that young people today are under a greater number of stresses than ever before. The Covid pandemic continues to have an impact on the wellbeing particularly on those aged 18-25. We know from a recent report from 2023 that 89% of UK adults aged 18 to 25 said anxiety interfered with their day-to-day life to some extent. 34% of UK adults aged 18 to 25 said they felt anxious most or all of the time in the last two weeks and 45% of UK adults aged 18 to 25 said they felt ashamed to talk about their anxiety to anyone. The survey of 6000 UK adults illustrates the prevalence of anxiety in the UK, showing how common a feeling this is, especially in young people.
One of the factors that can feed into poor mental health is ‘money worries’. Financial concerns or money ware having a significant impact on the mental wellbeing of young people across the UK. Rising living costs, student debt, and job insecurity have left many young people feeling overwhelmed and anxious about their financial future.
According to recent studies, a growing number of young adults report that money worries are a leading cause of stress, anxiety, and even depression. The Mental Health Foundation found that over 60% of young people aged 18-25 experience anxiety due to financial concerns, with many struggling to afford basic necessities such as rent, food, and bills. This financial stress can negatively affect sleep, concentration, and overall mental resilience, leading to a cycle of distress that is hard to break.
For students and recent graduates, the burden of tuition fees and loan repayments can also add further pressure. We also know that those young people from lower-income backgrounds often experience heightened levels of anxiety, as they face additional barriers to financial stability.
The cost-of-living crisis has exacerbated these issues, with young people feeling less optimistic about their financial future. A survey by The Prince’s Trust found that nearly half of young people in the UK feel hopeless about their ability to achieve financial security, which in turn contributes to feelings of low self-worth and poor mental health.
There are many ways that money worries can manifest itself: Making money last the month – various forms of debt – rental problems or just learning how to budget. We know that one thing that can help with reducing these worries is good, reliable and accurate information about finances. Much of the time, once we understand something better this reduces how much we worry about it. For example, understanding how student loans work and how the debt related to these is very different say from a normal loan or credit card debt. We know that understanding these issues for the majority of people results in a reduction of worry and hence better mental wellbeing. The aim of this website is to help with this process. We provide reliable and accurate information, in various different formats, free of charge, with no bias or conflict of interest. This is in the hope that we can help you to better understand finances and in turn reduce your worries about this. We also provide you, free of charge, access to our AI finance guru who will also be able to answer your specific questions about money, debt and finances.