Free 'Midlife MOT' available now for stressed out 40 to 60 year olds

A new, free Midlife MOT has been launched that is open to everyone and covers three main areas, namely work, wealth and wellbeing.

The educational course is designed to support people in their middle years, giving them the tools and knowledge that they need to approach mid and later life with confidence.

It’s a timely exercise for many, as today’s midlifers are facing a series of challenges.

More than six million people aged 40 to 60 (33 per cent) currently provide financial support or unpaid care to at least one loved one, on top of their job and other family commitments.

This support required of people in midlife has a significant impact on their lives, and affects their work, wealth and wellbeing.

Two out of five people in this age group feel overwhelmed by their commitments on at least a weekly basis, while 800,000 people have left work in the last 18 months due to family commitments.

Many midlifers feel that the amount of money and time they provide to their loved ones is unsustainable, but, at the same time, 36 per cent say they know their loved ones would not manage without their help.

Such pressures result in midlifers making personal sacrifices. One in four gets less than an hour to themselves in a day and one in five spend no time on improving their financial wellbeing, which could affect their retirement plans.

The impact of Covid, and the cost-of-living crisis has brought these challenges and the need for more support around work, wealth and wellbeing into even sharper focus.

This is recognised by the DWP, which has given a £400,000 funding boost for Midlife MOTs, to help people take stock of their health, skills and wealth as part of later-life planning.