For years, consumers' financial wellbeing has been shaped by forces outside their control. The cost-of-living crisis, economic uncertainty and rising borrowing costs have left many households focused on surviving the…
UK
Financial Services
simple
UK Financial Wellness Market Report 2026
"As consumers focus on building resilience, providers have an opportunity to become partners in progress, not just providers of information."
Katie Owens-Davies, Financial Services Analyst
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EXECUTIVE SUMMARY
What you need to know
Outlook for financial wellness
Opportunities
Scale financial coaching without losing the human touch
Position finance as the missing pillar of holistic health
Win the mass middle by making action effortless
THE MARKET
Economic pressures are eroding financial resilience
Graph 1: financial wellbeing and confidence indices, 2019-26
Households remain focused on survival over success
Graph 2: CPI and average wage rises, 2022-26
Open finance unlocks a new era of personalisation
Financial wellbeing moves up the policy agenda
Regulators step in to strengthen consumer protection
FCA takes charge on consumer protection
THE CONSUMER
Drivers of financial wellness
Restoring financial confidence is an industry priority
Identify and target consumers most at risk
Graph 3: financial wellbeing by value of cash savings, 2026
Help consumers build a financial buffer
Consumers split between living for today and planning for tomorrow
Providers race to stake a claim in AI-driven financial support
Starling Bank leads consumer-centric innovation
Building financial wellbeing one habit at a time
Financial providers take action on inclusion gaps
Digital innovation strengthens youth financial literacy
APPENDIX
Report scope
The consumer
Consumer research questions
Consumer research methodology – EMEA
UK generation groups
Abbreviations
For years, consumers’ financial wellbeing has been shaped by forces outside their control. The cost-of-living crisis, economic uncertainty and rising borrowing costs have left many households focused on surviving the month rather than planning ahead. While inflation has eased, confidence is still fragile. Rebuilding financial resilience is now one of the most pressing challenges for both consumers and the financial services industry alike.
Unsurprisingly, financial wellbeing has emerged as the weakest link of overall wellbeing, increasingly affecting consumers’ mental and physical health. At the same time, traditional approaches to financial support are being challenged. Consumers today have access to more financial information than ever before through AI tools and social media. What they lack is confidence, security, and a sense of forward momentum. The real opportunity for providers isn’t to add to the noise, it’s to help people make meaningful progress.
As financial health becomes a bigger part of the wider wellness conversation, providers have a chance to move beyond the role of product supplier and become genuine long-term partners. Those that can help consumers turn good intentions into real action, building confidence and resilience along the way, will be best positioned to lead the future of financial wellbeing.
This Report Looks at the Following Areas:
How economic uncertainty, rising living costs and regulatory changes are impacting financial wellbeing in the UK
What drives consumers’ sense of financial wellbeing, from savings habits to financial planning behaviours
How consumers engage with financial wellbeing support, including the growing influence of AI and social media
Differences in financial wellbeing and resource engagement across demographic groups
The link between financial, physical and mental wellbeing, and the opportunity for cross-sector collaboration
Emerging innovations and engagement strategies shaping the future of financial wellbeing support
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