Credit, Collections & Insolvency News
Two in five adults over the age of 50 are so stressed about money that they can’t sleep at night, according to new research by SunLife.
The research revealed that over a third (37%) of people aged 50 and above revealed they feel sleep deprived. Money worries are the number one cause of sleep loss for the age bracket, closely followed by relationship issues and work.
Ian Atkinson, Chief Marketing Officer at SunLife said “Sleep is vital for our health and wellbeing, yet many people in the UK are suffering from some measure of sleep deprivation. We all know that we should aim for around seven to nine hours of sleep at night. But with inflation at a 40-year high, it’s clear that many people are feeling the pressure financially, and this is having a huge knock-on effect on our sleep.”
“Our study shows that age plays an important role in our sleep habits. But despite the different priorities for over 50s compared to 18-24 year olds, money is a consistent theme across the ages. It’s important that we speak openly about our health challenges and get support in place sooner rather than later.”
| What money worries bother people over 50 when trying to sleep? | |
| Energy bills | 52% |
| Food prices | 37% |
| Low disposable income | 31% |
| Petrol prices | 27% |
| Low savings | 24% |
| House/rent prices | 23% |
| Debt | 18% |
| Other | 16% |
| Emergency costs | 16% |
| Pension/retirement funds | 16% |
| Money scams | 10% |
| Spending habits | 8% |
| Inheritance/funeral costs | 5% |
| Care costs | 5% |
