Stat: ADHD makes money management more challenging

As neurodivergencies become more commonly researched, a UK study by YouGov – commissioned by Monzo – finds that those living with attention deficit hyperactivity disorder (ADHD) are more likely to struggle with managing their money, with two-thirds (65%) saying it makes managing their finances more difficult.

The research shows that spending impulsively (58%), difficulty budgeting (51%) and struggling to save money (49%) are the biggest issues faced by people with ADHD. Meanwhile, those with the condition are twice as likely (76%) to suffer from anxiety linked to their finances as the general population (38%). These findings point towards a need for tailored financial support for people with ADHD and other neurodivergent conditions.

Looking ahead, there is a need for Divergent Design principles to be applied to the fintech sector in a way that reduces financial anxieties and actively supports people with saving and budgeting.