Marsden shines a light on financial well-being for Mental Health Awareness Week

Marsden Building Society is highlighting the link between financial well-being and mental health, encouraging both employers and employees to take proactive steps to build financial resilience.

The Nelson business say financial well-being goes beyond simply managing money - it’s about feeling secure, supported, and in control.

However, for many UK workers, financial stress continues to have a significant impact on both mental health and workplace performance.

According to research from the Building Societies Association (BSA), almost a quarter of UK employees say money worries have negatively affected their performance at work, while one in five has taken time off due to illness linked to financial concerns.

Financial insecurity remains a widespread challenge. BSA findings also show that 12 per cent of UK adults have no savings, and one in five would be unable to cover an unexpected expense of £300.

Without a financial safety net, even small, unexpected costs could become a source of stress and anxiety.

According to Mind, financial challenges can contribute to: increased anxiety or panic attacks, sleep disruption caused by money worries or poorer physical health when essential living costs become unaffordable.

These pressures may also affect confidence, relationships, and performance at work, highlighting the importance of building financial resilience.

The Marsden offers a Workplace Savings scheme designed to help employees build savings. Contributions are taken directly from salary, post-tax and other deductions, making saving simple and automatic.

Jilly Bell, savings development manager at Marsden Building Society, said: “Financial well-being and mental health are closely connected.

“By helping people build savings and feel more financially secure, we can reduce stress and support healthier, more productive lives both inside and outside of work.”