Two in five adults over the age of 50 are so stressed about money that they can’t sleep at night, according to new research by over 50s finance experts, SunLife.
With the cost of living crisis only getting worse, the study quizzed 1,000 Brits across a range of ages about their sleep habits to find out what’s keeping them up at night.
Over a third (37%) of people aged 50 and above revealed they feel sleep deprived. Money worries are the number one cause of sleep loss for the age bracket, closely followed by relationship issues and work.
But there are many different methods this age group is willing to try to drift off faster. While 42% read a book before bed, a surprising one in six adults aged 50 and over rely on sex to help them get a good night’s kip. And 39% say they need to sleep in total darkness.
Ian Atkinson, chief marketing officer at SunLife, said: “Sleep is vital for our health and wellbeing, yet many people in the UK are suffering from some measure of sleep deprivation.
“We all know that we should aim for around seven to nine hours of sleep at night. But with inflation at a 40-year high, it’s clear that many people are feeling the pressure financially, and this is having a huge knock-on effect on our sleep.
“Our study shows that age plays an important role in our sleep habits. But despite the different priorities for over 50s compared to 18-24 year olds, money is a consistent theme across the ages.
“It’s important that we speak openly about our health challenges and get support in place sooner rather than later.”
| What money worries bother people over 50 when trying to sleep? | |
| Energy bills | 52% |
| Food prices | 37% |
| Low disposable income | 31% |
| Petrol prices | 27% |
| Low savings | 24% |
| House/rent prices | 23% |
| Debt | 18% |
| Other | 16% |
| Emergency costs | 16% |
| Pension/retirement funds | 16% |
| Money scams | 10% |
| Spending habits | 8% |
| Inheritance/funeral costs | 5% |
| Care costs | 5% |
Compared to adults aged over 50, the study shows that mental health is the biggest issue keeping 18-24 year olds up at night, with more than a quarter (26%) admitting to this.
To help them drift off, one in 10 adults aged 18-24 found they couldn’t sleep unless their bedroom was in complete darkness, and 1 in 12 could only sleep if they played music or listened to a podcast.
