The study by Money Wellness has revealed that wealthier Britons are the least likely income group to discuss ‘uncomfortable’ financial matters.
MANCHESTER, UK. November 2nd 2025 – New research from financial wellbeing provider Money Wellness found that 22% of UK earners between £35,000 and £54,999 almost double the 12% of earners between £17,000 – £34,999 who feel the same.
The findings suggest that financial conversations remain a challenge across income levels, despite growing awareness of money management and wellbeing.
Despite the discomfort, financial struggles affect all kinds of households. Nearly one in five say they’re scarcely getting by, while a further 34% admit they’re only just managing.
When discussing financial issues, 62% said they would confide in family members, while just 15% would speak with a professional adviser or bank representative. Four percent said they would not talk to anyone about money concerns.
Sebrina McCullough, Director of External Relations at Money Wellness, said: “Talking about money is awkward – sometimes more awkward than sex, politics, or your feelings. But staying quiet can be costly, emotionally and financially.
“This Talk Money Week, we’re urging everyone to break the silence. Talk to a friend, a family member, or a professional. Don’t let fear or embarrassment cost you your peace of mind.”
Nearly half at 48% would prefer to talk about religion or politics, 30% would be more comfortable discussing their feelings, and 22% said they would even rather talk about their weight or sex life.
A separate ongoing customer survey by Money Wellness found that many adults were not taught financial skills early in life.
Among respondents, 94% said that money management was not covered at school, and 80% believe earlier financial education would have helped them manage money more effectively.
The most common topics people wished they had learned include budgeting (77%), understanding credit and debt (68%), saving (62%), and developing a positive money mindset (51%).
The financial wellbeing provider recommends that individuals begin addressing financial conversations, starting small by discussing everyday budgeting or savings goals with a trusted person, which can make money matters easier to approach.
The organisation also advises choosing calm settings for such discussions, sharing personal experiences, and making conversations about money a regular part of life.
For families, involving children early in simple budgeting activities can help to build confidence and positive attitudes toward money.
Confidential support is available for those experiencing serious financial difficulties. Free advice can be accessed through services such as Money Wellness or bank financial support teams and free tools such as a budgeting calculator are available.
Acting early, according to the organisation, can help individuals regain control of their finances and reduce stress.
Money Wellness also shared the story of Des, a customer who came to the organisation with £25,000 of debt, including a problematic business loan.
Through support and a debt management plan, he was able to increase his income by £140 per month.
“Looking back, some struggles could have been avoided if I’d known the basics,” Des said. “Mortgages, loans—it should be taught. Money is one of the main things in life.”
Talk Money Week 2025, 3–7 November, aims to encourage people across the UK to open up about their finances and build greater financial confidence.
ENDS