A new survey has revealed UK adults are around twice as likely to track their daily steps as they are to monitor their investments and pensions.
The study, conducted by digital wealth manager Nutmeg, found 37 percent of respondents actively track their steps. However, only 18 percent regularly keep tabs on their financial health.
The survey polled over 2,000 adults in July. It highlighted a growing awareness of the need for better financial planning. Nearly the same proportion of people worried about their financial health (42 percent) as their physical health (48 percent).
Despite this, financial engagement remains low, with just 16 percent of respondents using financial apps weekly to help with budgeting. In contrast, 30 percent said they invest weekly in dietary enhancements such as protein shakes.
Financial Planning Often Overlooked
The findings also revealed two-thirds (61 percent) of respondents have never consulted a financial adviser. This indicates professional financial guidance is often overlooked.
Claire Exley, head of financial advice and guidance at Nutmeg, emphasized the importance of long-term financial planning, particularly as people live longer and more active lives in retirement.
He said:
“Traditionally, we spend more at the beginning of retirement, and this reduces over time as we become less active. However, living longer, healthier lives will likely mean we want to be doing more of the things we enjoy for longer,”
“Just like the pay-offs from lifestyle choices, investing time in our financial health can really maximize long-term benefits, especially alongside financial guidance on how to achieve the retirement lifestyles we desire.”
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Advising Younger Generations
More than a third (37 percent) of respondents said they would advise their younger selves to think about their future wealth in the same way as they approach their future health.
This shift in perspective reflects a growing recognition that long-term financial health is just as critical as physical well-being.
As UK adults continue to focus on improving their physical health, the survey suggests that there is significant room for improvement in how people approach their financial futures, particularly when it comes to seeking professional advice and leveraging financial tools.
