Nine in 10 workers unhappy with pay as it does not meet their needs, Payfit finds

Research from PayFit revealed that nine in 10 (89%) workers are unhappy with their current pay, admitting it’s not enough for their needs; a sentiment set to intensify after the Government announced a series of cost-cutting policies in the Spring Statement last week.

Chancellor Reeves’ address signalled tougher economic times ahead, outlining significant welfare and departmental spending cuts – potentially leading to public sector job reductions or a reduction in services that workers rely on.

Inflation was also projected to rise, set to peak at 3.8% in July 2025, while the increase in employer NIC rates from 13.8% to 15% is set to come into effect this April. 

With one in four UK workers already concerned their salary won’t keep pace with the cost of living, these policy shifts – combined with rising water and energy bills, the end of household support schemes, and an increased Stamp Duty threshold for first-time buyers – are set to deepen financial worries even further.

The findings – pulled from a survey of over 2,000 working adults – underscored a growing gap between wages and financial security.  

The discontent came as UK employees reportedly work longer hours than their European counterparts, while almost a third of workers (30%) wished their pay better reflected the work and effort they put into the role. 

Despite an increase in National Minimum and Living Wages aiming to boost earnings for low-paid workers, there are still many unhappy with their current pay.

The research went on to reveal that 37% of all workers said they needed a pay rise to better manage their financial goals, while 31% said having a lower cost of living would free up more disposable income to save.