Almost two-thirds of Brits worry about their money, research shows

It appears that many people may be concerned about debt as new statistics have shown that almost two-thirds of Britons spend time worrying about their finances.

Figures released by Scottish Widows reveal that 66 per cent are stressed out by their monetary woes, spending an average of 11 hours a week doing so.

This means that individuals are using 24 days a year contemplating their cash situation.

On average, the study found young people to worry the most, with men spending more time concerned than women.

Rosanna Spero, a personal finance journalist, said: “As a nation it seems we’re simply not that confident when faced with issues such as financial products, as well as our understanding of the current economic situation.”

Liberal Democrat shadow chancellor Vince Cable recently stated that there was still a “worrying uncertainty” regarding the current job market – and therefore people’s economic stability – as a result of the recession.

By Joe Shervin