Moneybox’s 2025 Financial Confidence Index, based on a survey of over 4,000 UK adults, reveals that higher financial confidence drives saving, investing, and stronger net worth—potentially boosting national personal wealth by up to £142 billion.
Confidence on the Rise
Despite economic uncertainty, Britons report gains in key areas vs. 2024:
- Saving confidence: 84% (up from 79%)
- Investing confidence: 39% (from 33%)
- Overall financial management: 83% (from 79%)
- Retirement planning: 57% (from 46%)
Confidence Correlates with Wealth
- Average net worth is £86,000 higher for those confident in managing their finances, regardless of income.
- 44% of highly confident respondents hold investments, compared to 15% of the least confident.
- Seasoned investors among the confident group have £111,702 invested on average, versus £27,957 for their less confident peers.
“Building financial confidence is the key to building wealth over the long term, and our Financial Confidence Index demonstrates this very clearly. Regardless of your income, if you feel confident managing your personal finances, you’re more likely to prioritise savings, investing and planning for your future,” said Brian Byrnes, Head of Personal Finance at Moneybox.
Steps to Boost Confidence
Moneybox identifies three top measures to raise financial confidence nationwide:
- Better financial visibility: 57% want clearer insights into their finances
- Access to tailored advice: 51% seek improved personal guidance
- Goal-aligned products: 47% need financial tools matching their objectives
Engaging in simple practices also correlates with confidence:
- 48% of confident individuals now set and follow a budget (vs. 33% in 2024)
- 49% establish long-term financial goals (up from 34%)
“Initiatives such as the FCA’s Advice Guidance Boundary Review will be integral in building financial confidence. As the government pushes for an investing culture, strong savings foundations—supported by products like the Lifetime ISA—will encourage more long-term investing,” Byrnes added.
By doubling down on financial education, personalised guidance, and goal-driven products, the UK can cultivate a more resilient, wealthier population—unlocking the full £142 billion potential.
