Earning a living wage will alleviate mental health issues: LWF

Offers 'greater financial security'

Hemma Visavadia
clock • 1 min read

Two-thirds (66%) of workers have expressed that earning a wage which covers their basic living costs would improve their mental health, according to a new report by the Living Wage Foundation (LWF).

The report sampled 1,702 British adults over the age of 18, working full-time and earning below the real living wage of £11.05 in London and £9.90 in the rest of the UK. LWF found that nearly one third (32%) of low-paid workers regularly had to skip meals for financial reasons, up from 27% in 2020. A further 28% reported being unable to heat their homes for similar reasons, a rise of 20% on 2020. As well as providing financial stability and alleviating some of the impacts of the rising costs of living, 63% of people said the wage would improve their mental health, including two-thirds...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Employee Benefits

Employers feeling the NICs strain

Employers feeling the NICs strain

NI changes on 6 April

Cameron Roberts
clock 01 April 2025 • 1 min read
Cancer carers to cost UK employers £8.5bn in 2025

Cancer carers to cost UK employers £8.5bn in 2025

Impact on finances, time, careers

Cameron Roberts
clock 28 March 2025 • 3 min read
Howden snaps up Barnett Waddingham

Howden snaps up Barnett Waddingham

Provides platform for expansion in global markets

Jaskeet Briah
clock 25 March 2025 • 2 min read