The annual Moneybox Financial Confidence Index is back. We recently surveyed more than 4,000 adults in the UK to find out more about the nation’s attitudes and behaviours towards money, as well as how confident people feel when it comes to their finances.

Despite a rocky start to 2025 with turbulence in the markets and some economic uncertainty, we found that overall people are feeling more confident compared to 2024. Highlights include:

  • Britons are feeling more confident about saving (79% in 2024 vs 84% in 2025)
  • Confidence in investing is also improved (from 33% in 2024 vs 39% in 2025)
  • People have more confidence in their ability to manage their personal finances overall (79% in 2024 vs 83% in 2025). 
  • Over half (57%) say they’re confident about planning for a comfortable retirement, compared to 46% who felt this way in 2024
  • Almost half (48%) of those that are financially confident say they follow a budget (up from 33% last year)
  • Around half financially confident people (49%) are also now setting long-term financial goals – compared to just 34% in 2024

Click on the map below to see how you compare with your closest city.

Powerful link between financial confidence, investing, and increased net worth 

Interestingly, those that say they feel confident managing their personal finances had a net worth that was £86,000 higher than those who don’t feel financially confident – regardless of income. Meaning your financial confidence and knowledge has more impact on your ability to build wealth than your annual salary.

The index also found that those who invest tend to be more financially confident. Of those that say they’re very financially confident, 44% are investors. While just 15% of those who say they aren’t confident at all invest their money. Plus, those who are confident in managing their finances also have significantly more invested (£111,702) than those who aren’t (£27,957).

Improving financial confidence could boost personal net wealth by up to £142bn* in the UK.

We believe that improving financial confidence across the UK has the potential to boost the level of personal net wealth across the UK, by up to £142 billion*.

Insights from the index suggest that boosting the nation’s financial confidence could be as simple as helping people to better understand their financial situation, providing access to personal sources, and helping people to find the right products to achieve their financial goals.

 

How you can boost your financial confidence (and wealth)

1. Know your goals: Understanding your financial situation is the first step. If you haven’t already, look at everything coming in and out of your account to figure out where your money is being spent. It could be going towards paying off debt or saving for short-term goals. Once you know what your goals are, write them down or share them with your friends or family.

 

2. Find the right products for you: Now you know your goals, it’s time to determine which products are going to help you achieve them. For example, if your main goal is to get onto the property ladder, then a Lifetime ISA might be for you. If it’s building up investments, you might want to consider a Stocks & Shares ISA.

 

3. The 30-minute rule: Like anything, building financial confidence takes practice. Dedicating just 30 minutes a week to managing your finances, tracking your goals, or even learning more about personal finance is a brilliant place to start. You’ll be surprised how quickly you improve.

 

 

Methodology 

Consumer research was conducted by One Poll on behalf of Moneybox from 6th to 14th May 2025 amongst 4015 UK Adults, weighted to be nationally representative on the basis of age / gender / region.

The net worth analysis amalgamated the survey responses across all cash, investments, and retirement, less debt (excluding student loans) to calculate net worth at the time surveyed. It then tracked that net worth against responses to financial confidence, education, and missed opportunities per person. All averages are weighted averages by age bracket and household income bracket – anybody with no household income was excluded from the analysis.

*Estimations based on a net worth gap calculated between those who identify as financially “Confident” and “Not Confident” in a survey of 4,015 UK adults (weighted to be nationally representative on the basis of age / gender / region), which equated to a total gap of -£85,999. Extrapolated against the ONS national population estimates, this theoretically could equate to -£141,899,088,436