October Health – 2025 Report
Financial Wellness in India 
The leading cause of financial wellness stress in India is the rising cost of living, including inflation, education expenses, healthcare costs, and housing. This is often coupled with insufficient income growth, job insecurity, and the pressure of managing loans or debts, such as personal loans or EMIs. Additionally, a lack of financial literacy and planning contributes significantly to this stress.
- Financial Wellness Prevalence
- 12.3%
- Affected people
- 6,765,000
Impact on the people of India
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Mental Health Effects: Prolonged financial stress can lead to anxiety, depression, and sleep disturbances. Constant worry about finances depletes emotional well-being and resilience.
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Physical Health Issues: Chronic stress due to financial worries is linked to headaches, high blood pressure, heart disease, weakened immune system, and even digestive problems.
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Relationship Strain: Financial stress often causes conflicts or communication breakdowns in personal relationships, especially with spouses or family members.
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Workplace Impact: Employees burdened by financial stress might experience decreased productivity, burnout, and a lack of focus, potentially leading to job dissatisfaction.
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Isolation: Individuals under financial stress may withdraw socially, impacting their support networks and leading to feelings of loneliness.
Advice:
- Encourage financial planning or literacy workshops at the workplace.
- Suggest accessible mental health resources like October’s digital content and group sessions to reduce stress and promote coping mechanisms.
- Promote open communication and a culture of support both at work and at home.
Impact on the India Economy
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Reduced Productivity: Financial stress hampers employees’ ability to focus and perform optimally at work, leading to lower overall productivity in the economy.
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Increased Absenteeism: Employees dealing with financial stress may take more sick days, reducing workforce availability and efficiency.
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Higher Healthcare Costs: Financial stress is linked to mental and physical health issues such as anxiety, depression, and heart problems, increasing healthcare expenditures.
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Lower Consumer Spending: Financially stressed individuals may cut back on spending, impacting businesses and slowing economic growth.
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Decreased Employee Retention: High financial stress can increase turnover rates, adding recruitment and training costs for companies, further straining the economy.
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Impact on Innovation: Financial stress reduces cognitive flexibility, potentially limiting creativity and innovation, which are key drivers of economic progress.
Encouraging financial wellness programs or platforms like October's services can help organizations support employees and reduce such wide-scale economic impacts.
What can government do to assist?
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Promote Financial Literacy Programs: Implement nationwide financial education campaigns to improve understanding of budgeting, saving, and debt management. Incorporate these programs into schools and workplaces.
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Increase Employment Opportunities: Support job creation initiatives, skill development programs, and vocational training to boost income security.
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Access to Affordable Credit: Regulate financial institutions to provide fair interest rates, reduce predatory lending, and ensure easy access to small loans for emergencies or personal needs.
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Enhance Social Security Schemes: Expand and strengthen welfare programs, such as subsidies for housing, healthcare, and education, especially targeting low-income families.
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Encourage Savings Culture: Introduce incentive-driven savings programs, like tax benefits for savings accounts or participation in retirement funds.
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Promote Workplace Wellness Programs:
- Provide employees access to financial counseling and mental health resources like workplace platforms such as October for financial stress.
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Reduce Income Inequalities: Adopt progressive tax policies and focus on policies that support equitable wealth distribution.
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Emergency Relief Funds: Develop accessible, government-backed initiatives for financial assistance during crises like medical emergencies or natural disasters.
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Invest in Mental Health Support: Normalize and provide access to affordable mental health services, including stress management programs, to tackle financial anxiety.
What can businesses do to assist their employees?
- Offer Financial Education Programs: Provide workshops or digital sessions to improve employees' understanding of budgeting, saving, and long-term financial planning.
- Provide Access to Financial Advisors: Partner with financial advisors who can offer one-on-one consultations to employees about personal financial management.
- Introduce Flexible Benefits: Allow employees to customize benefits like insurance or retirement contributions to suit their personal financial needs.
- Introduce Salary Advance Programs: Enable access to earned wages before payday to reduce short-term financial stress.
- Promote October’s Financial Mental Health Content: Use October's group sessions or mental health resources to discuss the emotional toll of financial pressure and coping strategies.
- Support Emergency Savings Plans: Help employees set up employer-matched or automated savings for emergencies.
- Transparent Communications: Be clear and consistent about financial policies like raises, bonuses, and benefits changes to reduce uncertainty.