Money worries don’t just affect employees at home – they impact focus, mental health, wellbeing and productivity at work.
With the cost of living still a major concern for most Brits, data reveals just how many people are struggling financially.
If you’re a workplace leader, these eye-opening statistics will show why financial wellbeing needs to be a top priority in 2025.
Money is one of the most prevalent workplace taboos.
Why?
Because there’s a deep-rooted stigma around money talk – whether it’s fear of being judged, feeling like we “should” know more, or simply not wanting to admit we’re struggling.
Unlike conversations about physical or mental health, financial wellbeing isn’t as normalised, even though it has a huge impact on our daily lives.
And because money is tied to deeply personal emotions like security, status, self-worth – it can feel too personal to discuss, especially at work.
But here’s the reality – not talking about financial wellbeing doesn’t make the problem disappear. In fact, it only makes it worse.
When it comes to financial wellbeing, understanding the distinction between the UK’s National Minimum Wage (NMW), National Living Wage (NLW), and the real Living Wage is crucial for both employers and employees.
As of April 2025, the government-mandated NLW (which applies to workers aged 21 and over) will rise to £12.21 per hour.
NMW and NLW rates are legally binding and represent the minimum that employers must pay.
In contrast, the real Living Wage, set by the Living Wage Foundation, is a voluntary rate calculated based on the actual cost of living.
It currently stands at £12.60 per hour across the UK and £13.85 per hour in London, reflecting higher living expenses in the capital.
While the NLW is determined by the government, the real Living Wage is independently calculated to ensure workers can meet everyday needs and keep up with the cost of living.
Employers who adopt the real Living Wage demonstrate a commitment to their employees’ financial wellbeing.
Financially stressed employees cannot perform at their best. Businesses that sweep it all under the rug, are at risk of losing valuable talent. 
Financial worries are affecting millions of people across the UK, and the numbers paint a concerning picture.
The latest research from the Money & Pensions Service highlights just how widespread the issue is – too many adults are living on the edge, struggling to make ends meet.
Not only are people finding it difficult to save and cover basic expenses, but research also shows that UK adults struggle with financial literacy and money management.
4.2 million work days are lost each year due to absences because of a lack of financial wellbeing - adding up to £626 million in lost output.
Money worries don’t just stay at home – they follow people into work, affecting focus, productivity, and overall wellbeing.
Employees dealing with financial stress are more likely to feel distracted, overwhelmed, or even take time off due to anxiety-related issues.
Over time, this leads to lower engagement, higher absenteeism, and a workforce that’s struggling to perform at its best.
Employees want more than just a paycheck – they’re seeking guidance, resources, and practical tools to help them feel more in control of their money.
Whether it’s access to financial education, savings schemes, or fair pay policies, businesses that step up to support their people financially will see a more engaged, loyal, and motivated workforce.
One of the most impactful ways to support financial wellbeing is through education.
Many employees simply haven’t had access to financial literacy resources, leaving them feeling unsure about savings, pensions, or budgeting.
Offering financial workshops, online resources, or even access to expert advice can empower people to make better financial decisions and reduce stress.
Beyond education, practical support makes a huge difference.
Employee benefits like fair pay policies, savings schemes, and access to financial perks – such as discounted shopping or salary advance options – can ease money worries.
Employers can also introduce confidential financial counselling, coaching, or advice services, ensuring employees have a safe space to seek guidance without fear of judgment.
Normalising conversations about money starts with listening – and that’s where Stribe can help.
Anonymous financial wellbeing employee surveys give people a safe space to share their financial concerns without fear of judgment, helping businesses truly understand the challenges their teams are facing.
By gathering honest feedback, employers can shape meaningful financial wellbeing initiatives that actually make a difference.
About the author
Starting out her early career as a journalist, Jade Madeley is an accomplished content writer with 8+ years’ experience across business, personal finance, SaaS, human resources and employee engagement. Working with Stribe, she crafts insightful content that brings complex HR topics to life and drives meaningful action.
