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London: People in the capital are the least satisfied with their finances in the UK, the study says


Londoners are the least satisfied with their finances and have the worst "money wellness" score in the country, according to a study.

& # 39; Money Wellness & # 39; was rated on a scale from 0 to 100 using a complex aggregation index created by financial researchers.

Those who lived in Yorkshire and the Humber were the happiest with an impressive score of 52. But the Londoners came in at 45 – the lowest in the UK.

The South West and Wales each scored 51 points while the North West averaged 47 points.

First Direct's second Money Wellness Index was based on responses from more than 4,000 adults to 16 statements.

Those who lived in Yorkshire and the Humber were the happiest with an impressive score of 52. But the Londoners came in at 45 – the lowest in the UK. Pictured Oxford Street on September 29th

First Direct's second Money Wellness Index was based on responses from more than 4,000 adults to 16 statements. Pictured Leeds on September 8th

First Direct's second Money Wellness Index was based on responses from more than 4,000 adults to 16 statements. Pictured Leeds on September 8th

The aim of the survey was to find out how British people really felt about their finances since the global pandemic broke out.

You have been asked to agree or disagree with a number of statements about finance, such as: For example, if they pretend they have more money than they really have, or if they are worried they have enough to get by.

Ash Ranpura, neuroscientist, clinical neurologist and behavior change expert, has partnered with first direct to develop rituals for resetting funds.

He wanted to encourage the nation to deal with its finances in the same way as it does with its emotional and physical health.

He said, “The most important step is to realize that money is indeed a wellness problem.

“The way you feel about money is important, it affects your financial decisions and your general health.

& # 39; Money Wellness & # 39; was rated on a scale from 0 to 100 using a complicated aggregation index by financial researchers. Depicts the basis for the wellness score

& # 39; Money Wellness & # 39; was rated on a scale from 0 to 100 using a complicated aggregation index by financial researchers. Depicts the basis for the wellness score

“The first thing on the agenda is to take stock of your attitudes towards your financial life, formulate any emotional blocks or fears, and be able to feel optimistic about the future.

“And because money is an emotional problem, a human problem, it makes sense to deal with your financial health the way you might deal with your physical and mental health.

“Educate yourself a little and consider getting professional advice.

“It can be as simple as reading an article online or in a magazine, or as complex as dealing with a financial advisor.

The survey measured the level of anxiety (pictured) in the population and compared it to measurements of economic well-being

The survey measured the level of anxiety (pictured) in the population and compared it to measurements of economic well-being

"A little bit of knowledge can give you perspective and make you feel a little more in control of your own life."

The study also found that 13 percent of adults believe they have an “unhealthy” relationship with money, but it also shows how the pandemic sparked a desire for change in this area.

As the UK recovers from one blockade and holds on to a second, 54 percent want to become more financially resilient, which for most means having the ability to face either a personal or economic crisis.

Around 27 percent were inspired by the pandemic to improve their financial literacy, and 43 percent are more likely to pay more attention to their daily expenses.

The survey also asked people to rate how true statements such as "I'm bad with money" were.

Other statements included: "I have an unhealthy relationship with money"; "I worry that I have enough money to get by" and "thinking about money makes me nervous".

The aim of the survey was to find out how British people really felt about their finances since the outbreak of the global pandemic. pictured, Haworth Village in the Worth Valley in Yorkshire

The aim of the survey was to find out how British people really felt about their finances since the global pandemic broke out. pictured, Haworth Village in the Worth Valley in Yorkshire

Helen Priestly of First Direct Bank said, “This year we have all seen significant changes in all areas of our lives.

“Families were turned upside down, feelings of isolation and fear became rampant, and let alone tragedy for those whose loved ones were worst hit.

“At first glance, we believe that the issue of financial wellbeing continues to lack the meaningful engagement that is so badly needed when money is such a fundamental driver of mental health.

"Our Money Wellness Index is an important part of our mission to empower people to develop and maintain long-term financial wellbeing because people can only feel truly comfortable when they are financially healthy."

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