If your financial wellbeing is poor, or downright bad, there can be a number of worrying reactions.
Low financial wellbeing could trigger severe mental health conditions such as anxiety, depression, high blood pressure and stress. Indeed, money-related stress can really impact on your ability to be happy or healthy, both mentally and physically, either in work or in your home life.
As a profession we must do all we can to highlight the importance of financial wellbeing – and try help and guide people so they can then make informed decisions.
At Lifetime we launched our digital service in order to give as many people as possible the opportunity to take control of their finances – boost their emotional and financial wellbeing – and make better informed money choices. It is something we are truly passionate about – and that is why we are also happy to back The Personal Finance Society and ITN Productions Industry News with their co-produced, online news-style programme Financial Wellbeing.
Anchored by journalist Alice Beer and featuring ITN newsreader Natasha Kaplinsky, the Financial Wellbeing programme aims to engender public confidence and trust in the personal finance profession. The makers of the programme say it focuses on key areas of consumer confusion including how to get the right financial advice, retirement income options and how to recognise a scam. Financial Wellbeing will also explore financial education and look at the guidance and engagement offering to those individuals who are unable to afford or access professional financial advice.