The cost of living crisis is causing levels of financial, physical and mental wellbeing across the country to deteriorate even further, according to the latest update to LifeSearch’s Health, Wealth & Happiness Index.

Commissioned with the Centre for Economics and Business Research (Cebr) among a nationally representative group of 3,000 UK adults, the update for Q2 and Q3 2022 found a significant drop in financial, mental and physical wellbeing from the start of the year.

The Index calculated an overall score across health, wealth and happiness factors of 79.00 at the end of Q3 this year, the lowest level since Q1 2021.

The UK’s happiness was the most impacted during the period, with LifeSearch noting this element dropped 8.3 points to reflect the growing cost of living crisis and the cost-of-living crisis and “national mourning for the Queen.”