Does Money Buy Happiness? No. But, Structured Financial Plans May Result in a Stress-Free Life

by news-editor

Statistically, people who have financial plans in place are less stressed than those who do not have any detailed financial plans.

London, United Kingdom, February 25, 2021 –(– Heard of retail therapy? How about wealth accumulation therapy? A study conducted by Hoxton Capital Management surveyed 1,287 individuals aged between 30-50, suggests people who are consciously saving as opposed to those who spend more frequently, reported that they are less stressed over the long run. Retail therapy provides a short-term “feel-good” boost, whereas building a savings portfolio helps individuals feel more positive about the future and their financial security.

When asked about how they feel after going shopping, people expressed that they felt happy temporarily, however, when having an existing financial plan and an emergency fund in place, people reported that they were less stressed.

A prime example is the increase of individuals losing their jobs this year due to the pandemic. People who received professional financial advice, were noticeably more likely to have an emergency fund in place as well as other sources of income and investments, making their change of job status less stressful as they had a reliable back-up plan.

Many people do not like to discuss their finances with friends and family, as it tends to be a taboo topic within social situations. Those who have a
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