Financial Wellbeing

Financial wellbeing means being able to meet current needs comfortably and having the financial resilience to maintain this in the future. A lack of financial wellbeing (‘money worries’) contributes to stress and poor mental wellbeing which has a negative influence on our health behaviours and choices.

Research indicates there is an association between debt and mental health problems, and an association between living with long term ill-health and poverty. We will be considering the enablers of financial wellbeing and tackling the barriers for financial wellbeing.

Areas for particular attention will include:

Crisis provision (foodbanks, emergency grants and loans)

Access to financial services (including credit unions)

Life course financial capability

Gambling and gambling related harm

How will we know we have made a difference?

We will use the Public Health Outcomes Framework indicators on income and earnings, employment, education and training and fuel poverty.

We will work with partners on sharing local data and insight on employment, income, and cost of living pressures.

Hearing the voice of our citizens through local services including welfare advice, foodbanks, and community engagement is really important. The Financial Resilience Partnership conduct an annual survey.

Read about our other programmes of work…