New research by Updraft has revealed that September is the worst month for money anxiety as September marks more than just the end of summer, but the start of the post-summer blues.
The data shows that 31% of people feel anxious, 21% regret overspending, and only a third say they feel motivated to fix their finances after overspending in the past couple of months.
The emotional fallout is also reflected online. Searches over the past quarter for ‘anxiety tips’ are up 85%, while ‘managing anxiety’ is up 18%, with September historically the point where searches surge after dipping in previous months. All the signs show that autumn is when money worries and mental strain collide.
Source: Credit-Connect
Personal Insolvencies Increase by 6.8%
Latest monthly figures from the Insolvency Service for England & Wales have indicated that personal insolvency figures increased by 6.8% in August 2025 to a total of 11,348 compared to July 2025’s total of 10,624, and increased by 16.1% compared to August 2024’s figure of 9,778.
In August 2025, 11,348 entered insolvency in England and Wales. The personal insolvency figures consisted of 622 bankruptcies, 4,239 debt relief orders (DROs) and 6,487 individual voluntary arrangements (IVAs).
There were 4,239 DROs in August, hitting a record high in the monthly time series going back to their introduction in 2009, exceeding the previous high of 4,191 in June 2024.
The 6,487 IVAs registered in August 2025 was 8% higher than in July 2025 and 27% higher than in August 2024.
The number of bankruptcies in August 2025 was 622, which is 1% higher than in July 2025 and 2% higher than in August 2024.
There were 7,395 breathing spaces registered under the Debt Respite Scheme in August 2025. This is 2% higher than in August 2024. Of the 7,395 breathing space registrations, 7,290 were Standard breathing space registrations and 105 were Mental Health breathing space registrations.
Source: Credit-Connect