In the UK, four in ten of us can’t manage our money. 16 million working age people have less than £300 in savings, and eight million of us are in serious debt.
This week, the Money Advice Service is celebrating #TalkMoneyWeek, which aims to get more people talking about money. Talk Money Week is all about financial wellbeing, being in control of money day to day, not being anxious about finances, and being able to cope with the ups and downs of life whether it is planned or unexpected.
Some of the reasons why the Money Advice Service is doing this are:
- 27 million people in the UK don’t have a sufficient savings buffer to allow them to cope with a significant income shock.
- 19 million people don’t have an approach to budgeting that they feel works.
- Only one in two working-age people are currently paying into a pension or are a member of a previous pension scheme.
- Around a third of adults have unsecured debts equivalent to more than one month’s income.
- One in ten adults have missed bill payments in three months out of the last six.
- One in five could not read a bank statement.
- Three in ten people do not openly discuss their household finances regularly with anyone.
- Only 28% of people at retirement age have any form of plan for funding long term care.
Many people living with RLS struggle with money because of their health condition(s). Many cannot work or have no choice but to work reduced hours, which means their income is often limited. Many live with significant debt, which impacts on their quality of life and the quality if life of their families.
The Money Advice Service offers free guidance and advice to people living with illness and disability, for example on this page:
Leg or body part most affected by RLS?
Pramipexole has made RLS worse
RLS has now led to RAS
Has anyone ever defeated RLS?
Effective communication with your RLS doctor
