Over half of Britons feel financial problems are the single greatest issue facing the nation today, ahead of terrorism.

New research commissioned by AXA found that financial fear has risen by a fifth in just a few months.

Twelve months ago Britons felt the most pressing issues facing the nation were immigration and terrorism. But now, only a quarter of Britons ranked terrorism as the greatest problem facing the nation in 2008.

Also, personal safety and financial concerns have replaced environmental and security fears: AXA says financial fears are spreading out to general fears of safety.

But the most worrying statistic is that over the last 12 months just a quarter of Britons has sought financial advice, according to the insurer.

Steve Folkard of AXA says: “Financial concerns can easily monopolise every waking thought, at home and at work, causing serious psychological problems. Money worries have a big impact on personal and professional relationships and in extreme cases they could even result in divorce and slower career progression, as people take out these frustrations on those around them.”

The simple cure to the fears is just what people have not sought – advice. Professional financial advice will allay worries and allow people to see that finances needn’t be feared.

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