One in six with mental health issues avoid financial product purchase

Mental Health Awareness Week 2023

John Brazier
clock • 1 min read

New research has found that one in six consumers with mental health issues have delayed purchasing financial products they need due to anxiety.

According to the upcoming report The Vulnerability Void by financial consultancy, Newton Europe, around 15% of consumers with mental health issues will put off the purchase they need due to feelings of anxiety and a lack of understanding experienced during the process. The report, which surveyed 3,007 UK adults, also found that more than one third of people (39%) with anxiety experience stress when tackling difficult financial journeys, compared to 11% of those without anxiety. As a result, more than one in four (28%) people with anxiety feel unconfident managing their finances, with ...

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