Research from Money Wellness, timed to coincide with Debt Awareness Week from 16 to 22 March, shows that the personal consequences of debt are becoming more severe in key areas, even as the share of people saying it affects their whole life has dipped slightly.
The survey, which covered 5,000 customers, found that 81% regard money as their main source of stress, up from 72% the previous year. The proportion who say they feel stressed most of the time is 87%, and 85% say their mental health has had a measurable effect on their finances.
The data shows a small fall in the number of people who say debt affects every area of their life, from 55% to 50%. At the same time, the toll on specific parts of life is growing. Reports of debt affecting relationships have increased from 23% in 2024 to 35% in 2026. Sleep problems linked to financial stress have grown from 24% to 26% over the same timeframe. Respondents describe the experience of managing debt as one marked by anxiety over payments, difficulty staying on top of minimum repayments, and in some cases refusing to answer calls in case they come from creditors. For a significant number of people, the financial stress they carry has become a defining part of day-to-day life.
Sebrina McCullough, Director of External Relations at Money Wellness, said: “Financial stress is often discussed as though it’s a steady background pressure. What our latest data shows is that for many people, it’s becoming more intense and more focused. While slightly fewer customers say debt affects every area of their lives, we’re seeing sharper impacts on mental health, relationships, and sleep. That tells us the pressure isn’t disappearing, it’s concentrating.
“We are also seeing a clear cycle develop. Money worries damage mental health, and poor mental health can make it harder to manage bills, respond to creditors, or seek support. Without help, that cycle can escalate quickly.”
There is encouraging evidence in the data about the effect of getting advice. More than two-thirds of customers who received support from Money Wellness said they felt a weight had been lifted. Over half said they felt less anxious, and 43% reported sleeping better after seeking help.
“The earlier people seek advice the better, but it’s never too late. No one should feel they have to cope with debt and money worries alone. There is free, confidential support available, and taking that first step can provide immediate relief,” added McCullough.
Money Wellness is encouraging anyone dealing with debt-related stress to seek advice before Debt Awareness Week, rather than waiting until the pressure becomes more difficult to manage.