With the news that the UK’s inflation rate jumped to 10.1 per cent in July – a 40-year high – more and more workers are feeling the financial squeeze.

Over half of employees surveyed by Lifetime admitted to feeling stressed or worried about their current financial situation.

The national press are tapping in to the latest research to report that two-thirds of UK families could be in fuel poverty by January, with an estimated 45 million people struggling to pay their energy bills.

It is now more important than ever that employers help their employees have full knowledge of their finances, so they can make informed decisions.

The upsurge in food and drink prices made the biggest contribution to the change in the inflation rate between June and July, according to the Office for National Statistics.

But the cost of living is increasing across the board, driven also by the rampant rise in energy bills, and fuel costs. All this is piling the pressure on UK households. Worried workers are looking increasingly at their employer for help, guidance and support.

Lifetime partner with employers to deliver an Employee Financial Wellbeing package, which includes: a personal financial plan, tailored educational webinars and videos, and a dedicated coach.

Book a free demo: https://www.lifetime-fm.com/book-a-demo/